The Transamerica Pyramid is one of the city's most noteworthy landmarks.
SAN FRANCISCO—Transamerica Pyramid has reportedly sold to a New York developer for $700 million, the first time since its construction, according to Bloomberg. It went on the market in August.
The 48-story landmark at 600 Montgomery St., between Clay and Washington Streets, reportedly sold to an East Coast real estate developer, Michael Shvo. Shvo's real estate development firm, SHVO has offices in London, New York City and Dubai.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
