Real Estate/Development
Apr. 29, 2011
Real Estate Movers And Dealmakers
Equity Residential purchased the Pegasus luxury apartment building in the central business district of Los Angeles for $100 million.
Urban Luxury Goes for $100 Million
Equity Residential purchased the Pegasus luxury apartment building in the central business district of Los Angeles for $100 million. The seller was a partnership between Buchanan Street Partners and The Kor Group.
The price represents a $310,000 value per unit in the 322-apartment property at 612 S. Flower St. The property also includes 12,500 square feet of ground-floor retail spa...
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