10 Most Expensive Building Purchases Of 2014- San Francisco – 94105 – 3/10
10 Most Expensive Building Purchases Of 2014- San Francisco – 94105 – 3/10
50 Beale St.
Price: $395 million
Buyer: Paramount Group
Seller: Rockefeller Group
Date: August 2014
Paramount’s buy of the 23-story building, the headquarters of Bechtel Corp., was part of the aggressive strategy that helped the real estate investment trust reach a $2.6 billion initial public offering in November. It was the best start for a U.S. REIT that went public.
