News

As the streaming media boom accelerates and drives demand for creative office space, Harbor Associates (Harbor) has completed renovations and re-introduced a 75,716 square foot creative office building to the well-established Los Angeles media and entertainment submarket of Universal/Studio City.   Harbor’s 4130 Cahuenga Boulevard, which completed a USD3.5 million renovation last month, is already […]

IRVINE, Calif., July 7, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has closed a 390-unit, three-property portfolio in Las Vegas. The portfolio, consisting of Spectra at 4000, Spectra East, and Spectrum at Katie. Total cost for the portfolio was $72,000,000 or $184,806 per unit. Curt Allsop and Angela Bates with Newmark oversaw the sale. Debt financing was provided by Bridge Investment Group and arranged by Charles Halladay, Jamie […]

POMONA, N.Y. — An affiliate of Harbor Group International LLC (HGI) has purchased The Henry, a 169-unit luxury apartment community in Pomona, about 40 miles north of New York City, for $54 million.  Built in 2001 and recently renovated, the property’s units feature stainless steel appliances, tile backsplashes and granite countertops. Amenities include a resident […]

IRVINE, Calif., April 16, 2021 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Sierra Charles Apartments (“Sierra Charles”) in the Tucson metro area. Bascom purchased Sierra Charles, a 196-unit garden-style community built in 1985, for $11,600,000, or $59,164 per unit. Financing for the acquisition was provided by MF1 Capital and was arranged by Brian […]

Harbor Associates and Singerman Real Estate have acquired the Summit IV office campus in Aliso Viejo, Calif., in an off-market transaction.   The two-building, 297,277-square-foot asset changed hands for $92 million, according to Commercial Real Estate Direct. CommercialEdge information shows the previous owner was Invesco Real Estate, which had purchased the Class A property in 2015 […]

CYPRESS, TX – The Bascom Group has continued their acquisition spree in Texas acquiring a 350-unit luxury multifamily property located in the highly desirable master-planned community of Towne Lake in the city of Cypress, Texas. Cantera marks Bascom’s 36th multifamily property closed in Texas.   Brian Eisendrath, Annie Rice, and Samantha Jay with CBRE Capital Markets sourced the […]

CYPRESS, TEXAS — California-based investment firm The Bascom Group has acquired Cantera at Towne Lake, a 350-unit apartment community in Cypress, part of the Houston MSA. Built in 2006, the 13-acre property’s unit mix comprises 52 one-bedroom units, 266 two-bedroom units and 32 three-bedroom units averaging 1,015 square feet. Community amenities include a leasing office, […]

Bascom Group has partnered with Capital Trust Group to acquire a Class A, 372,856 sq ft, absolute net-lease, build-to-suit research and development, manufacturing and testing facility and an adjacent 118,620 sq ft corporate office in the Milwaukee-area community of Menomonee Falls, Wisconsin for USD100.0 million.   JLL worked on behalf of Bascom Group to arrange […]

LONG BEACH, Calif., Dec. 2, 2020 /PRNewswire/ — Harbor Associates, LLC has reintroduced a 39,537-square-foot garden-style office building to the San Diego submarket of Del Mar as the Bungalows Del Mar Office (https://www.thebungalowsdelmar.com/) after completing a major $4 million renovation.   Harbor, in joint venture with the Bascom Group, acquired the Del Mar office property located at 2010 Jimmy Durante Boulevard in 2018 with the plan of […]

Bridge Investment Group has acquired a two-property multifamily portfolio totaling 560 units in Tucson, Ariz., for $90.2 million. Bascom Arizona Ventures sold the 288-unit Equestrian for $47.7 million, or $165,625 per unit, and the 272-unit Ridgeline for $42.5 million, or $156,250 per unit.   Both 13-acre properties are located on West Linda Vista Boulevard in […]