German Lawyers’ Pension Fund Records $67MM (€57.9MM) Write-Down on 750,000 SQFT Transamerica Pyramid as BVK Exits San Francisco Landmark at ~$700MM

Hessen retirement scheme absorbs full loss on preferred equity tranche after post-pandemic office downturn and a costly renovation erode value of San Francisco's most recognizable skyscraper, now headed to Cyprus-based Yoda Plc in the city's largest office trade since 2021 The Versorgungswerk der Rechtsanwälte im Lande Hessen, the pension fund serving lawyers in the German […]