Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-One buyer has acquired five properties of an 11-property retail portfolio and two other buyers have acquired one property each in a series of complex transactions that needed to be closed simultaneously because some of the properties were under water and some were encumbered by cross-collateralized debt, according to vice president David Chasin of Pegasus Investments. Chasin tells GlobeSt.com that the properties could not be sold individually because of the complexities of the deal, hence the need to close simultaneously. David Chasin and president Ken Chasin of Pegasus have been marketing the portfolio in cooperation with Ben Cherney of the Brentwood office of Sperry Van Ness on behalf of the seller, Inglewood Family Corp.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.