San Francisco’s Transamerica Pyramid Reopens Amid Lawsuit Challenges
San Francisco’s Transamerica Pyramid Reopens Amid Lawsuit Challenges

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The Transamerica Pyramid in San Francisco is reopening after a $250 million renovation, but its revival is overshadowed by a lawsuit from Core, a key tenant. Core’s owner claims developer Michael Shvo has failed to fulfill agreements related to a planned exclusive club, raising concerns over the club’s potential opening. Shvo, who has seen recent legal and financial troubles, defends his position, describing the lawsuit as a negotiation tactic. Despite high office vacancy rates in the city, the developer maintains that demand for premium spaces remains strong, with new leases signed at rates significantly above the city’s average.

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