And then there's parking; there are only enough spots in the building for about half of the 322 apartments, so many residents park 2 blocks away. In downtown, that can still be an unnerving walk.

But the Pegasus' inspired design principles separate it from typical luxury apartments. The project reflects the fusion of contemporary touches with existing mid-20th century architecture.

LOS ANGELES-The KOR Group recapitalizes the 322-unit complex in Downtown L.A., with Buchanan Street Partners investing $21.6 million in a new joint venture with KOR.

DOWNTOWN LOS ANGELES - Equity Residential has purchased the 322-unit Pegasus apartment building at Sixth and Flower streets for $100 million. The deal works out to $310,000 per unit for ...