When San Francisco's iconic Transamerica Pyramid sold for $725 million in March, the German pension funds that bought the skyscraper lost more than $200 million on the deal. But Michael Shvo, the developer who oversaw the investment, walked away with nearly $80 million in fees
Rich Bockmann is a senior reporter and The Real Deal's commercial bureau chief. He specializes in commercial real estate, covering topics such as real estate development, investment, and the housing market, while also addressing legal affairs and litigation within the industry. Rich's work has been featured in Yahoo Finance and The Real Deal, showcasing his expertise in breaking news and in-depth investigations in the real estate sector.













