Press Releases

Press Releases

Bascom Arizona Ventures (Bascom Group) completed the $71.5 million sale of Arcadia Cove Apartments in Phoenix, commanding $165,509 per unit. Arcadia Cove, built in 1996, is located at 2252 N. 44th St., and comprises 432 units. Bascom Arizona Ventures purchased the property in June 2013 for $40.725 million ($94,270 per unit). Read More

All Cash – Harbor Closes Distressed Foreclosure Sale

LONG BEACH, Calif., June 22, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired Tustin Corporate, a 43,517 square foot office building located at 18302 Irvine Boulevard, Tustin, California in an all cash transaction with The Bascom Group, LLC (“Bascom”). Harbor acquired the asset through a distressed on-line auction bid process from an out of […]

Harbor Closes Distressed Liquidation Sale in 25 Days

LONG BEACH, Calif., June 15, 2017 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired 10281 W. Pico Blvd., a 33,000 square foot office building located in Century City in a joint venture with Stockbridge Capital Group (“Stockbridge”). Harbor acquired the asset through a distressed liquidation sale and purchased the property in 25 days. This transaction […]

Real Estate Briefly: Bascom Group Acquires Torrance Apartments

The Bascom Group in Irvine has acquired Harvard Villa Apartments, a 64-unit infill apartment community in Torrance for $14 million.The deal closed April 27. Hooman Emanuel of Emanuel Real Estate Group represented the seller. Erich Pryor and Thomas Sherlock with Talonvest Capital arranged the $11.45 million loan from TCF National Bank. James D’Argenio and Chang […]

Bascom Group Nabs $94M Orange County Community

Santa Ana, Calif.—The Bascom Group LLC acquired Villas at Tustin Apartments, a 406-unit infill apartment community located in the heart of Orange County. Sean Deasy and Ryan Fitzpatrick of HFF were the listing brokers for the $94-million sale, which represents $231,527 per unit. Charles Halladay and Jamie Kline of HFF arranged a $66.5-million loan with […]

Investment Pro Reflects On Hot Las Vegas Apartment Market

In Las Vegas real estate, few aspects of the market are as heated today as apartments. Construction keeps ramping up, vacancy rates have dropped, rents keep rising, and landlords are paying more for buildings.And in the past few years, one person involved in some of the valley’s biggest apartment deals ever is Scott McClave. McClave […]

$250M JV Acquires Tucson Property

Tucson, Ariz.—The $250 million joint venture by The Bascom Group and funds managed by Oaktree Capital Management acquired La Entrada Apartments, located at 255 N. Granada Ave. in Tucson, Ariz. ACORE Capital provided debt financing, arranged by Brian Eisendrath, Brandon Smith and Annie Rice of CBRE. Onsite property management will be provided by Morrison, Ekre […]

Bascom Group Grows Its Southern Nevada Portfolio

The Bascom Group, an Irvine, California-based firm with several multifamily holdings in Las Vegas and across the U.S., increased its Southern Nevada footprint at the end of 2016. Bascom acquired two apartment communities in the west end of the valley, according to data from CoStar.com, a commercial real estate news website. Read More

The Bascom Group Acquires Apartment Community in Expanding Inland Empire Submarket

FONTANA, CA – The Bascom Group has acquired Laurel Tree, a 36-unit apartment community located at 17923 Arrow Boulevard, Fontana, California for $5,250,000. The sale represents a price of $145,833 per unit or $160.71 per square foot. Marcus & Millichap represented both the buyer and seller in the transaction. Manufacturer’s Bank provided the new loan. […]

The Crowd: Philanthropists Have Their Day In The Sun

It was a day to honor big givers. Philanthropists of Orange County came together to celebrate the 21st annual National Philanthropy Day over lunch at the National Grove of Anaheim. The event, organized and hosted by the Assn. of Fundraising Professionals, drew more than 800 guests to honor an impressive roster of activists. Read More