David Kim and Jerome Fink co-founded The Bascom Group, a private equity firm primarily specializing in value-added multifamily real estate investments, in 1996. At the time they acquired their first multi-unit property, California was facing a foreclosure and job crisis. The market was unstable and investors were weary, but the two went on to develop […]
LONG BEACH, Calif., June 22, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired Tustin Corporate, a 43,517 square foot office building located at 18302 Irvine Boulevard, Tustin, California in an all cash transaction with The Bascom Group, LLC (“Bascom”). Harbor acquired the asset through a distressed on-line auction bid process from an out of […]
LONG BEACH, Calif., June 15, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired 10281 W. Pico Blvd., a 33,000 square foot office building located in Century City in a joint venture with Stockbridge Capital Group (“Stockbridge”). Harbor acquired the asset through a distressed liquidation sale and purchased the property in 25 days. This transaction […]
The Bascom Group in Irvine has acquired Harvard Villa Apartments, a 64-unit infill apartment community in Torrance for $14 million.The deal closed April 27. Hooman Emanuel of Emanuel Real Estate Group represented the seller. Erich Pryor and Thomas Sherlock with Talonvest Capital arranged the $11.45 million loan from TCF National Bank. James D’Argenio and Chang […]
Santa Ana, Calif.—The Bascom Group LLC acquired Villas at Tustin Apartments, a 406-unit infill apartment community located in the heart of Orange County. Sean Deasy and Ryan Fitzpatrick of HFF were the listing brokers for the $94-million sale, which represents $231,527 per unit. Charles Halladay and Jamie Kline of HFF arranged a $66.5-million loan with […]
In Las Vegas real estate, few aspects of the market are as heated today as apartments. Construction keeps ramping up, vacancy rates have dropped, rents keep rising, and landlords are paying more for buildings. And in the past few years, one person involved in some of the valley’s biggest apartment deals ever is Scott McClave. […]
Tucson, Ariz.—The $250 million joint venture by The Bascom Group and funds managed by Oaktree Capital Management acquired La Entrada Apartments, located at 255 N. Granada Ave. in Tucson, Ariz. ACORE Capital provided debt financing, arranged by Brian Eisendrath, Brandon Smith and Annie Rice of CBRE. Onsite property management will be provided by Morrison, Ekre […]
The Bascom Group, an Irvine, California-based firm with several multifamily holdings in Las Vegas and across the U.S., increased its Southern Nevada footprint at the end of 2016. Bascom acquired two apartment communities in the west end of the valley, according to data from CoStar.com, a commercial real estate news website. Read More
FONTANA, CA – The Bascom Group has acquired Laurel Tree, a 36-unit apartment community located at 17923 Arrow Boulevard, Fontana, California for $5,250,000. The sale represents a price of $145,833 per unit or $160.71 per square foot. Marcus & Millichap represented both the buyer and seller in the transaction. Manufacturer’s Bank provided the new loan. […]
It was a day to honor big givers. Philanthropists of Orange County came together to celebrate the 21st annual National Philanthropy Day over lunch at the National Grove of Anaheim. The event, organized and hosted by the Assn. of Fundraising Professionals, drew more than 800 guests to honor an impressive roster of activists. Read […]
