Keller Investment Properties has purchased 80 on Gibson, a 308-unit Class A multifamily asset in Henderson, Nev., for $70 million, according to Yardi Matrix. The Bascom Group sold the property, while Newmark Knight Frank provided the buyer with acquisition financing through Fannie Mae. The new owner will operate the asset through its subsidiary, Keller […]
Through a partnership with DH Holdings Inc., Premier Workspaces has opened its second Temecula Valley office in a roughly 48,000-square-foot shopping center in Wildomar, Calif. Premier CEO Jeff Reinstein noted in a statement that many landlords are looking to differentiate their assets by incorporating shared workspaces in their properties. Opened in 2017, Wildomar Square […]
SCOTTSDALE, Ariz., Nov. 21, 2019 /PRNewswire/ — Multifamily Leadership has announced the official ranking for the 2020 “Best Places to Work Multifamily®” Program. Winners found out how they ranked at the Multifamily Leadership Innovation Summit held in Scottsdale, Arizona. The Multifamily Industry, serving apartments and their residents, contributes more than $3.4 trillion to the economy annually, […]
IRVINE, Calif., Oct. 21, 2019 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Atrium Apartments, a 39-unit apartment community in El Monte, California. Atrium was built in 1963 and is located at 3733 Gibson Road, El Monte, CA 91731. Bascom purchased Atrium for $9,700,000, or $248,718 per unit or $312.00 per square foot. Priscilla Nee and Eric Chen with CBRE brokered the transaction. James D’Argenio and Chang Liu sourced and […]
Long Beach, CA (October 16, 2019) – Harbor Associates, LLC (“Harbor”) in joint venture with Taconic Capital Advisors (“Taconic”) has closed on a $41.7 million off-market acquisition of a five-building commercial office portfolio totaling 368,000 square feet in San Bernardino, CA. Read More
WeWork’s botched IPO plans have, in six short weeks, cost the company’s chief executive his job and the jobs of a number of his cronies, likely ended the hyper-aggressive growth push of Orange County’s fastest-growing co-working company for the immediate future, and even prompted bankruptcy speculation of the 9-year-old firm, which this summer had an […]
A partnership with the Bascom Group and Artemis Real Estate Partners has acquired Phoenix Townhomes, a 248-unit condominium-style apartment community in Fresno for $35 million. The sales prices equates to $141,129 per unit. Read More
Irvine’s Bascom Group, one of the largest apartment owners based in Orange County, has refinanced 11 properties it owns, spread across five states. The $235 million refinancing includes one local complex, the Southtown at Main apartments in Santa Ana, which Bascom acquired in 2015 for $8.6 million. The 44-unit complex is near the intersection […]
NEWPORT BEACH, CALIF. — Newport Beach-based Real Estate Development Associates (REDA) has completed the disposition of Newport Heights Medical Center (NHMC), a 59,978-square-foot Class A medical office campus located in Newport Beach. LaSalle Investment Management acquired the fully leased asset for an undisclosed price. Read More
Premier Workspaces once again ranks No. l among shared space providers in Orange County, with nearly half a million square feet of office space at various area locations. The Irvine-based company, backed by local apartment owner and real estate investor Bascom Group, also is one of the oldest shared space providers in the country; it […]
