Bloomberg News

SAN FRANCISCO - Bank of America Corp. and Shorenstein Co. have decided not to sell San Francisco's Bank of America Center after offers fell short of the expected selling price of more than $800 million, local newspapers reported.

The partners received final bids for the 52-story tower at the end of March, the San Francisco Chronicle and San Francisco Business Times said. The finalists included Chicago-based Equity Office Properties Trust, financier Marvin Davis, and at least one unidentified bidder.

The 1.8 million-square-foot property was put up for sale in October.

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