Pegasus

Pegasus' Fresh Take on People Magazine's Sexiest Man Alive November is here! Not only does People magazine name the 2024 Sexiest Man Alive, but Pegasus is throwing its hat in the ring for Sexiest Landlord Alive. Here are our nominees: Grant Cardone, Rick Caruso, Jonathan Grey, Robert Rivani, Aby Rosen, Jeffrey Soffer. Comment below who YOU think is the Sexiest Landlord Alive! Regardless of your taste, one thing we can all agree on is that October was definitely spooky. In September, we saw the 10-year US Treasury yield drop to a recent low of 3.64%. But then the inflation goblins reappeared and heading into November we find ourselves back up at 4.38%. This volatility creates a lot of ghost buyers and zombie sellers. In this month's issue of "Enough Of", we look at the utilization of AI in CRE industry - sounds amazing but what are the real-life applications and is it more hype than reality? Spirit Halloween - they love to creep into zombie shopping centers, but there's more to them than we think. Didn't invest in Nvidia back in the day? We bet you're feeling the same FOMO we feel. So many things this last month, but one thing is for sure, we're way too hyped to find out who everyone wants to be the "Sexiest Landlord Alive". Here's a sneak peak at what's coming this month: - Enough of the AI: Sick concept with insane potential, but can we trust it? - Enough of the Nvidia FOMO: How investing $10k 20 years ago is now worth $10 million today. - What We Can't Get Enough Of: Multi-tenant shopping centers, small format retail is alive & well. - Enough About Work: Where to eat, play, and stay in Asheville, North Carolina. - And Enough About Work: We want to know who YOU think is the "Sexiest Landlord Alive!" Subscribe to See Why We've Had Enough: DM us your email or comment below and we will add you to our mailing list.

Join us for a must-attend event hosted by Magbit Professionals in Real Estate! Our CEO, David Chasin, will moderate a panel of LA’s leading commercial real estate investors on November 6th at 7:30 AM at The Peninsula Hotel in Beverly Hills. Don’t miss this candid discussion on investment opportunities after the elections! Limited tickets left—secure yours here: https://lnkd.in/gFrMTysF

We've Had Enough. At Pegasus, we're tired of the same old market jargon, slow-moving deals, and the noise that keeps real insights buried. That's why we've launched our new email series, "We've Had Enough." Each month, we'll discuss what's really going on in the industry, cutting through the fluff to deliver the truth. Here's a sneak peek at what's coming this month: - Enough of the Election Hype:?It's interest rates, not politics, driving CRE. - Enough of Slippery Closings:?Time to ditch the baby oil and get the WD-40. - Enough About Work:?Where to play, eat, and stay in Miami. - And What We Can't Get Enough...Bonus Depreciation:?The clock's ticking—act now. Subscribe to See Why We've Had Enough:?DM us your email or comment below and we will add you to our mailing list.

We are pleased to present the Pegasus Intern Class of 2024: Luke Holleran, Wil Myers, Albert Fallas and Martín de Chavarría Mu?oz. Over the next 8 weeks, the intern class will be immersed in an intensive rotation across all of Pegasus' service lines including investment sales, capital markets, asset management and leasing. In addition to their work at Pegasus, the intern class will enjoy a special rotation with Flying Horse Investments, where they will learn critical skills in underwriting, valuation, sourcing, diligence, fundraising and investor reporting. Please join us in welcoming Luke, Wil, Albert & Martin!

Pegasus Assumes Management of High-Street Retail Portfolio in Santa Monica In March 2024, Pegasus assumed management of a 26,000-square-foot high-street retail portfolio along Montana Avenue in Santa Monica, California (the "Portfolio"). Montana Avenue is regarded as one of Los Angeles' most coveted high-street boutique retail destinations. In a recent transaction highlighting the prestige of the Montana Avenue corridor, Hillstone Restaurant Group acquired the building leased to R&D Kitchen, a Hillstone concept, for $2,867 per square foot. The Portfolio consists of five (5) separate properties encompassing over twenty-five (25) total tenants including restaurants, cafes, day spas, fine jewelry purveyors, home goods providers and financial services. The new client, a Southern California-based family office, approached Pegasus with a desire to accelerate a new chapter in its ownership by elevating the quality of management, leasing and reporting. After a thorough vetting process, Pegasus was awarded the Portfolio's property management, accounting, and leasing services. The client was attracted to Pegasus' deep multi-functional specialization and its significant footprint and expertise within the Los Angeles retail market. Across California alone, Pegasus manages 2+ million square feet of retail across 90 properties, over 60 of which are in the Los Angeles area. Pegasus provides best-in-class, comprehensive services to commercial real estate owners, including asset management, property and construction management, strategic advisory, accounting, brokerage, financing and leasing, with over $2.5 billion in assets under management across more than 300 properties nationwide.

Showcasing the power of the Pegasus platform. Pegasus represented the purchaser on this Barnes & Noble and Guitar Center, arranging the financing and post-closing asset and property management. During the Covid-19, Pegasus successfully negotiated with Barnes & Noble and Guitar Center to allow for the removal of a no-build-area, paving the way for the ground up development of a drive-thru outparcel. On behalf of ownership, Pegasus subsequently executed the leasing of the pad to The Habit Burger, arranged construction financing, and oversaw the build-to-suit development of the freestanding QSR. Finally, Pegasus executed a sale of the net leased asset to a buyer in a 1031 tax exchange represented by CBRE. Pegasus is currently dividing the former Barnes & Noble box and is in lease discussions with multiple national replacement tenants. A big congrats and thank you to the client and the entire team.

Pegasus is pleased to announce its successful execution of a comprehensive strategic plan on behalf of its client, a Los-Angeles based family office. The project included sourcing, acquisition, opportunistic repositioning, and disposition of a The Habit Burger Grill Drive-Thru in Spartanburg, South Carolina. Read the full release: https://lnkd.in/gunqTSvk

Don't miss Pegasus CEO David Chasin on The Crexi Podcast, where he shares his insights on the evolution of CRE advisory, his controversial thoughts on the current market and opportunities that abound for investors.