Bascom, Harbor Plan $500M Capital Execution
Harbor Associates and the Bascom Group have formed another office joint venture to purchase value-add office deals throughout the Western US. The two companies have allocated $500 million in capital to deploy over the next two years, and has already made its first two purchases in Los Angeles and Del Mar. The two transactions totaled $37.5 million. This is not the first venture from the two companies. Over the last three years, the two companies executed $250 million in office transactions. This new strategy shows the companies’ bullishness on the office market and the region. We sat down with Paul Miszkowicz, a principal at Harbor Associates, for an exclusive interview to talk about their strategy.