Adithya Sambamurthy/The Bay Citizen

Victor B. MacFarlane

A few weeks ago, we detailed the travails and planned comeback of San Francisco investor Victor MacFarlane, who famously lost more than $1 billion of CalPERS money on real-estate deals that didn't pan out. 

MacFarlane had purchased multiple penthouses atop the St. Regis in San Francisco, and spent years building out the space as one luxe penthouse. The economy tanked and he never moved in. He tried to sell the penthouse for $70 million, which would have been by far the most-expensive residential sale ever in San Francisco. When we asked MacFarlane about the status of the St. Regis penthouse earlier this month, he replied that it was now owned by the bank.

The Wall Street Journal reported Friday that the bank -- a unit of of Bank of America -- is now trying to sell the former MacFarlane penthouse for $35 million, half the original asking price of 2008.

The "two-floor, 20,000 square-foot" aerie, which has a two-story indoor waterfall,  "is likely the most expensive bank-owned, single-family residential real estate listing in the country," the WSJ notes.