The Bascom Group

Harbor Closes Distressed Southern California Office Foreclosure in 21 Days

LONG BEACH, Calif., Dec. 19, 2016 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired Conejo Spectrum, a 159,186 square foot, two building, office and flex portfolio in a joint venture with The Bascom Group, LLC (“Bascom”) for $13,000,000 or $81 per square foot. Harbor sourced the asset through a distressed auction bid process from seller CW Capital and closed 21 days later. The portfolio marks the sixth value-add office acquisition for Harbor in the last eighteen months and expands the firm’s existing footprint in Southern California.

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