Premier Workspaces Opens New Inland Empire Location

Premier Workspaces Opens New Inland Empire Location

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 Shopping […]

National Best Places to Work Multifamily 2020 Official List Announced

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, […]

Bascom Acquires 39-Unit Apartment Community in the Dynamic San Gabriel Valley, Continues California Buying Spree

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 […]

WeWorking It Out

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 […]

Bascom Refi for 11 Complexes

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 of […]

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 […]