San Francisco’s Transamerica Pyramid sold for $650 million

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The Transamerica Pyramid, one of San Francisco’s most iconic buildings, has been sold for $650 million, eight months after a sales agreement was reached …

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The Transamerica Pyramid, one of San Francisco’s most iconic buildings, has been sold for $650 million, eight months after a sales agreement was reached

SAN FRANCISCO — The Transamerica Pyramid, one of San Francisco’s most iconic buildings, has sold for $650 million, eight months after a sales agreement was reached.

New York investor Michael Shvo, Deutsche Finance America and other investors bought the building from Aegon, owner of namesake insurance company Transamerica Corp., the San Francisco Chronicle reported Wednesday.

The building, the second tallest in the city, had never been previously sold.

The deal also includes two nearby buildings, at 505 Sansome St. and 545 Sansome St., which is a potential development site. The three buildings total around 760,000 square feet (70,606 square meters).

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