Falling property prices in the US and a weaker dollar are attracting investors from Italy, which has largely escaped the housing bubble collapses other parts of Europe have experienced.
Sorgente Group, which operates property investment funds, says it is trying to persuade Aegon, the Dutch insurer, to sell San Francisco's Transamerica Pyramid, Valter Mainetti, chief executive of Sorgente, said.
Sorgente, based in Rome, this year bought a 53 per cent stake in New York's Flatiron building.
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