The Bascom Group has closed on a $235 million refinancing of an 11-property multifamily portfolio spanning five states: California, Colorado, Arizona, Texas and Nevada. All of the properties are part of Bascom Value Added Apartment Investors II LLC, a Bascom discretionary fund. The majority of the new loans are interest-only with spreads over LIBOR […]
COLORADO SPRINGS, CO – The Bascom Group in partnership with an affiliate of The Axton Group has acquired Summer Grove Apartments and Tanglewood Apartment Homes, two adjacently located apartment communities in Colorado Springs, Colorado. Summer Grove and Tanglewood were constructed in 1971 and 1972, respectively, and are located at 3802 & 3803 Half Turn Road, Colorado […]
LOS ANGELES, June 12, 2019 /PRNewswire/ — Realm Group, LLC a joint venture between Realm Real Estate, LLC of Newport Beach, California and The Bascom Group, LLC of Irvine, California, has closed on a 1.5-acre site located in Downtown Los Angeles at 675 South Bixel Street. Realm Group entitled the site for the development of a 36-story, 422-unit mixed-use high-rise multifamily building, to be […]
IRVINE, Calif., April 23, 2019 /PRNewswire-PRWeb/ — Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, is pleased to announce it is rebranding as Premier Workspaces®. The new name, logo, slogan, and website represent a strong contemporary brand representative of […]
BWV W. Katella, LLC, a joint venture between Newport Beach, CA-based Branch West Real Estate Partners, LLC and Irvine, CA-based The Bascom Group, LLC, acquired a 1.1-acre parcel at 1725 West Katella Ave. in Orange CA. The site is entitled and planned for the development of a five-story, 94-unit mid-rise multifamily community. Bellwether’s Tom […]
(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 […]
