As rents continue to fluctuate from quarter to quarter, property managers are working hard to keep NOI at its maximum level. At the MFE Conference last week in Las Vegas, a panel of management experts, moderated by Mark Fogelman, president of Memphis-based Fogelman Management Group, offered creative strategies to control costs, find new profit areas, […]
IRVINE, Calif., Oct. 13 /PRNewswire/ — The Bascom Group was awarded the grand prize in the Renovations category at the 2010 Multi-Family Executive Conference for the renovation of the Vistas at Saddle Rock, a 320-unit apartment community located in Denver, Colorado (https://www.vistasatsaddlerock.com/). The Multi-Family Executive Conference, held in Las Vegas, Nevada on October 5, 2010, […]
WASHINGTON, D.C.—Gables Residential executive vice president and chief operating officer Susan M. Ansel was named the 2010 Executive of the Year by MULTIFAMILY EXECUTIVE magazine at the annual MFE Awards ceremony in Las Vegas on Oct. 5. Ansel was one of two individual honors and more than 40 awards presented at the event, which recognizes […]
Mall buyers will focus either on well-performing and stabilized properties, or anemic and value-added space in coming months. Until financing becomes readily available for all mall types, there won’t be much room for anything between the two extremes. Core asset buyers such as Glimcher Realty Trust and Miller Capital Advisory/Institutional Mall Investors should make further […]
Favorable court precedents and evasion of foreclosure spurn multifamily sell-off from court-appointed asset receivers. By:Chris Wood Read More
By Randyl Drummer – September 8, 2010 Read More
IRVINE, Calif., Sept. 10 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) acquired The Parc at Dunwoody Apartments for $10.0MM ($32,051 per unit). Bascom purchased the property, all-cash, at a foreclosure sale on September 7, 2010. Parc at Dunwoody is a 312-unit Class B property constructed in 1980 and renovated in 2007 and 2008. The property […]
IRVINE, Calif., Aug. 9 /PRNewswire/ — The Bascom Group, LLC has acquired the Maples at Crestwood Apartments, a 300-unit community in Denver, Colorado for $7,900,000 ($26,333 per unit or $35.21 per square foot). The property previously sold in 2002 for $19,400,000. The sale closed on August 6, 2010 and expanded Bascom’s Denver portfolio to 21 […]
IRVINE, Calif., Aug. 31 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired The Retreat at Canyon Springs Apartments, a 360-unit luxury Class A property constructed in 2001. The sale closed on August 26, 2010. The apartment community is located in the exclusive Stone Oak subdivision of San Antonio, Texas. The property was purchased through […]
SAN GABRIEL – China’s emergence as an economic superpower has caught the attention of U.S. investors and business leaders, highlighting opportunities that are available to both nations. The inaugural U.S.-China Real Estate Summit, which kicked off Thursday in San Gabriel, was designed to promote those opportunities. Read More
