Bascom Group Acquires The Ellison, a 294-Unit Class A Community in Las Vegas, for $103 Million
The Bascom Group has acquired The Ellison, a newly completed 294-unit Class A apartment community in the Summerlin/Spring Valley submarket of Las Vegas, for $103 million. The 2024-built property features resort-style amenities including a rooftop pool with a jumbotron screen and eight levels of structured parking.
JLL Arranges $7.5 Million Refinancing for Bascom Group’s 200 Pine Avenue in Long Beach
JLL Capital Markets has arranged $7.5 million in permanent fixed-rate financing for 200 Pine Avenue, a 64,376-square-foot retail and office building in Downtown Long Beach owned by Bascom Group. The six-story Class A building is 81% leased and recently welcomed Dirty Birds restaurant as a new ground-floor tenant.
Bascom Group Leases Downtown Long Beach Retail Space to Dirty Birds Restaurant
The Bascom Group has successfully leased a 3,039-square-foot ground floor retail space at 200 Pine Avenue in Downtown Long Beach to Dirty Birds, a popular San Diego-based restaurant and sports bar. The lease represents a key milestone in the ongoing revitalization of the Pine Avenue entertainment district.
Bascom Group Sells 424-Unit Capitol at Stonebriar in Frisco, Texas
The Bascom Group has sold Capitol at Stonebriar, a 424-unit Class A multifamily community in Frisco, Texas. Newmark represented the seller and arranged acquisition financing, citing strong lender enthusiasm for the asset’s location and quality.
Bascom Northwest Ventures Sells Tempo at Riverpark Apartments to Hines Affiliate for $105M
Bascom Northwest Ventures has sold Tempo at Riverpark Apartments, a 235-unit coastal community in Oxnard, California, to a venture led by Hines for $105 million — a significant return on the $75.25 million investment made in 2018.
Bascom Arizona Ventures Acquires 304-Unit Tucson Community for $53.4M
Bascom Arizona Ventures, an affiliate of The Bascom Group, has acquired Retreat at Speedway, a 304-unit apartment community in Tucson, Arizona for $53.4 million. The acquisition marks the firm’s return to multifamily buying and its first purchase since February 2020.