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

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 […]

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 […]