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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