Landmark San Francisco building sold for US$375m
New owner of historic Phelan Building is a member of prominent Hotung family in HK
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NEW YORK-BASED developer Thor Equities has sold the historic Phelan Building in San Francisco for US$375 million to a member of the prominent Hotung family with deep roots in Hong Kong, sources said.
A limited liability company, The Phelan Building LLC, has purchased the 11-story landmark at 760 Market Street, according to a source who spoke on condition of anonymity.
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