(MENAFN – PRLog) With a goal of acquiring more than $250 million in suburban Southern California commercial real estate assets in the next 12 months, Harbor Associates, LLC (“Harbor”) has acquired Encino Office Park, a four-building, 213,459-square-foot transit oriented office campus in Encino, CA for $47.85 million. Located at 6345 Balboa Boulevard, Encino Office […]
TEMPE, AZ – Bascom Arizona Ventures, a subsidiary of Irvine, California-based private equity firm The Bascom Group, has acquired the Tempo at McClintock Station Apartments (“Tempo”). Tempo is a mid-rise multifamily property consisting of 423 residential units and one retail unit in Tempe, Arizona. The price was $89.2 million, or $210,377 per unit. The seller was P7 McClintock Station Owner. Tempo at McClintock […]
HOBOKEN, N.J., Jan. 21, 2019 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Stamford, CT based Spirit Investment Partners, LLC (“Spirit”) and Irvine, California based The Bascom Group, LLC (“Bascom”) has acquired a 30-unit apartment building at 204 Grand Street in Hoboken, New Jersey. The $15,500,000acquisition closed on January 15, 2019. This transaction marks the second building acquired by the partnership […]
Multifamily Leadership has announced the official ranking for the 2019 “Best Places to Work Multifamily™” Program. Winners found out how they ranked at the Multifamily Leadership Summit held in Scottsdale, Arizona. The Multifamily Industry, serving apartments and their residents, contributes more than $3.5 billion to the economy everyday, supporting more than 12.3 million jobs. […]
The Internal Revenue Service on Oct. 19 issued the first set of regulations that clarify the Opportunity Zones Program—the first initiative of its kind in the last 15 years. Judging by the response it received so far, it might well be the most successful one. This first batch of rules will be followed by another […]
Over the past 12 months, the Bascom Group has completed more than $1 billion in transactions throughout the US, targeting value-add multifamily in infill areas with high barriers to entry. Many of these assets are distressed and come with a number of issues that may give traditional investors pause. But they can be overcome with […]
IRVINE, Calif., Oct. 18, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Corona Del Norte (“Del Norte”), a 29-unit infill apartment community located in the desirable South Bay submarket in Torrance, California. The $6.3 million sale ($217,241/unit) closed on October 12, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East […]
The USD6.3 million sale (USD217,241 per unit) closed on 12 October, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East West Bank provided Bascom with an acquisition loan to finance the purchase. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom. Del Norte is less than five miles […]
The Bascom Group of Irvine, Calif., has acquired Jefferson Stonebriar, a newly built 424-unit, Class A multifamily community in Frisco, Texas. JPI, the asset’s seller, is an active developer in the Dallas Metroplex. Debt financing was arranged by Tip Strickland and Braden Harmon of Berkeley Point Capital. Brian Murphy and Richard Furr of […]
In addition to a high volume of transactions across the Western U.S. as VP of acquisitions for the Bascom Group, Jim Singleton is also a strong advocate of helping develop the careers of others. For the past four years, Singleton has led Bascom’s Acquisition Analyst Internship Program, which fosters the growth of driven, up-and-coming real […]
