San Francisco’s iconic Transamerica Pyramid has sold for $711 million, its first sale in history

• San Francisco’s iconic Transamerica Pyramid has sold for $711 million to a New York developer.
• It’s the first sale in the building’s history since its construction in 1969. The pyramid will retain its name.
• The now-beloved Transamerica Pyramid was despised by many who opposed the addition of tall buildings to the cityscape back when it was constructed.
• The backlash contributed to office construction being limited in San Francisco, a measure that remains in today’s crowded commercial and housing market.
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Source : BusinessInsider.Com