Thoughts from the Top

Thoughts from the Top

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 [...]

Bascom Group Scores $235M Refi

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 ranging […]

Bascom and The Axton Group Acquire Two Apartment Communities in Colorado Springs for $41.15 Million

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 Springs, […]

Realm Group Acquires Second High Rise Multifamily Development Site in Downtown Los Angeles, California

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 […]

Premier Business Centers Rebrands to Premier Workspaces

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 […]

Branch West Ventures, Bascom JV on Orange MF Development

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 Kenny […]

Harbor Associates Acquires Encino, CA Office Campus for $48 Million

(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 Park […]

Bascom Arizona Ventures Acquires 423-Unit Multifamily Community in Tempe for $89.2 Million

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 Station […]

Spirit Bascom Ventures Acquires Second Hoboken, NJ Multifamily Property for $15.5 Million

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 […]

National Best Places to Work Multifamily; 2019 Official List Announced

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. Not […]