Sept. 18, 2012
Pegasus Investments - Beverly Hills Sold Property
-- Pegasus Investments’
Special Asset Group announced today that it has closed the second of two recent owner-user office building transactions. The first transaction was the acquisition of a Class-A creative office property in Beverly Hills, where Pegasus represented the buyer, a prominent interior design firm, which will be using the entire property for their headquarters. The second transaction was the disposition of a multi-tenant, Class-B office property in Van Nuys, where Pegasus represented the seller. The seller, a real estate investment firm, will continue to occupy a portion of the property and the buyer, an automotive lending group, will be relocating its offices to the property. Pegasus tapped its experience in negotiating sale-leasebacks in order to navigate through a somewhat complex leaseback structure.
“Working with owner-users is a very different process than selling pure investment property, and it requires the ability to provide emotional, not just financial advice to a client” said David Chasin, Executive Vice President at Pegasus. “Transactions like these showcase that our client-focused, smaller team structure excels in special situations.”
Pegasus Investments Real Estate Advisory is a brokerage firm with offices in Los Angeles and the San Fernando Valley. Pegasus Investments specializes in providing comprehensive representation for the diverse needs of its clients, which range from high net worth individuals to publicly traded real estate investment trusts.