Long Beach, CA (May 16, 2018) – Harbor Associates, LLC (Harbor), and joint venture partner The Bascom Group LLC (Bascom), has acquired office buildings in Los Angeles and Del Mar, CA in separate transactions totaling $37.4 million. The latest transactions extend the relationship enjoyed by the two companies, who over the last three years have […]
Irvine, Calif.-based private equity firm The Bascom Group LLC has acquired Sunset Cove Apartments in Costa Mesa, Calif. The 123-unit, 48-year-old infill apartment community was acquired for $33.3 million in a transaction that closed April 30. Sunset Cove Apartments is situated in a burgeoning Westside Costa Mesa enclave with immediate access to major freeways like […]
IRVINE, Calif., March 16, 2018 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Tempo at Riverpark Apartments (“Tempo”), a 235-unit infill apartment community located in the vibrant Riverpark community in Oxnard, California. The $75.25 Million acquisition ($320,213/unit) closed on March 13, 2018. Brian Eisendrath, Annie Rice, and Brandon Smith of CBRE arranged the debt financing for the purchase. Built in 2016, Tempo is […]
Irvine-based Premier Business Center, a flex workspace provider, has inked a five-year lease for the second floor at Park Tower in Long Beach. The firm will take roughly 17,300 square feet in the glass office building at 5150 E. Pacific Coast Highway, it said in a statement. This marks Premier’s fourth Long Beach location, adding […]
The commercial real estate industry’s biggest night of entertainment and networking in SoCal is just around the corner. Check out the video above to see how training is progressing for NAIOP SoCal’s Night at the Fights 2018. The event is set for April 26th at Hotel Irvine and it promises to be even bigger and better than […]
The Bascom Group is a highly regarded and respected private equity firm that specializes in value-added multifamily real estate investments. Building one of the most viable apartment portfolios in the industry, it has distinguished itself from its counterparts through its market expertise, preservation of capital and its proactive outreach to the community. The firm’s philanthropic […]
LONG BEACH, Calif., Feb. 23, 2018 /PRNewswire/ — Harbor Associates, LLC (“Harbor”) has acquired The Commons at Valencia Gateway via an all-cash deal in a joint venture with Goldman Sachs Asset Management Private Real Estate (“GSAM PRE”). The project is a two building, 156,628 SF office campus on 10.25 acres located at 25124 & 25152 Springfield Court in […]
STAMFORD, Conn., Feb. 7, 2018 /PRNewswire/ — Spirit Bascom Ventures, LLC, a joint venture between Stamford, Connecticut based Spirit Investment Partners, LLC and Irvine, California based The Bascom Group, LLC, has acquired Tribeca at Camp Springs, a 198-unit residential community plus 18,880 sf of ground floor commercial space that was built by Wood Partners in 2008. The community is located at […]
IRVINE, Calif., Dec. 21, 2017 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired Boulder View Apartments (“Boulder View”), a 68-unit infill class “A” apartment community located in the vibrant city of Boulder, Colorado. The $18.97 Million acquisition ($278,985/unit) closed on December 19, 2017. David Potarf, Dan Woodward, and Matt Barnettof CBRE were the listing brokers for the sale. Brian Eisendrath of CBRE arranged the $13.3 million loan […]
David Kim and Jerome Fink co-founded The Bascom Group, a private equity firm primarily specializing in value-added multifamily real estate investments, in 1996. At the time they acquired their first multi-unit property, California was facing a foreclosure and job crisis. The market was unstable and investors were weary, but the two went on to develop […]
