SF Transamerica Pyramid Sale Back on Table, Shock Deal
What Do We Know About the Transamerica Pyramid Sale So Far? How the Transamerica Pyramid sale will ultimately structure remains unclear as negotiations continue behind closed doors. Similar urban revitalization bets have played out in other landmark-building transactions as new owners pursue downtown economic growth. Deal status disrupts SF Bloomberg reported a sale to Cyprus-based Yoda PLC, but the deal is not finalized and the price is undisclosed. The landmark 853-foot icon was completed in 1972. Sources expect an April closing for a package including the pyramid tower plus 505 and 545 Sansome. Ownership and risk signals The property most recently traded in late 2020 for $650 million, with Michael Shvo, Deutsche Finance America, and BVK linked in reports. A $400 million renovation reopened in 2024, yet friction and litigation add uncertainty, alongside tax implications and local sentiment. Current operating snapshot Rents exceed $300 per square foot and occupancy is above 85 perce...