The USD6.3 million sale (USD217,241 per unit) closed on 12 October, 2018. Steffan Braunlich with Berkadia Real Estate Advisors brokered the sale. East West Bank provided Bascom with an acquisition loan to finance the purchase. James D’Argenio and Chang Liu sourced and managed the acquisition for Bascom. Del Norte is less than five miles […]
The Bascom Group of Irvine, Calif., has acquired Jefferson Stonebriar, a newly built 424-unit, Class A multifamily community in Frisco, Texas. JPI, the asset’s seller, is an active developer in the Dallas Metroplex. Debt financing was arranged by Tip Strickland and Braden Harmon of Berkeley Point Capital. Brian Murphy and Richard Furr of […]
Philip P. DiStefano, Chancellor of the University of Colorado, expressed his gratitude to Bascom Group for its generous gift to the Bascom Case Study Fund. He shared that this contribution plays a vital role in helping the university fulfill its mission of supporting student success and making a positive impact on the world. By investing […]
Christian E. Simonsen, CEO of the Orangewood Foundation, thanked Bascom Group for its continued generous support, including a $5,000 gift dedicated to programs that serve foster and community youth in Orange County. He added a lighthearted note, hoping Bascom enjoyed the excitement of the Demolition Derby, an event tied to their support. This contribution directly […]
In addition to a high volume of transactions across the Western U.S. as VP of acquisitions for the Bascom Group, Jim Singleton is also a strong advocate of helping develop the careers of others. For the past four years, Singleton has led Bascom’s Acquisition Analyst Internship Program, which fosters the growth of driven, up-and-coming real […]
Janie Best, CEO of WHW, expressed her gratitude to Bascom Group for generously sponsoring WHW’s Employment Breakfast with a $3,000 contribution. She explained that this gift helps fund employment readiness workshops and programs that will serve more than 8,000 men and women in a single year. Thanks to Bascom’s investment, 83% of WHW clients are […]
The Bascom Group has purchased Island Apartments, a 78-unit community in Pico Rivera, Calif., for $12.6 million, which equates to $160,897 per unit. Brentwood Realty Partners arranged the sale of the transaction and Talonvest secured $9.7 million in financing through California Bank & Trust. Read More
HOBOKEN, N.J., July 25, 2018 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Irvine, California based The Bascom Group, LLC (“Bascom”), and Stamford, Connecticut based Spirit Investment Partners, LLC (“Spirit”) acquired 1024 Clinton Street in Hoboken, New Jersey for $17.65 million. Spirit Bascom acquired the property from a long-time family owner. The acquisition was the second transaction in partnership with a prominent […]
Realm Group LLC has acquired a 1.7-acre parcel of land in the Fashion District of Downtown Los Angeles for $24.25 mil. The site is entitled and planned for the development of a 33-story, 452-unit high-rise multifamily community, the first such project to be built in the city’s emerging Fashion District. Read More
Premier Business Centers doesn’t have the Wall Street buzz We Work Inc. does or brand-new locations in some of Orange County’s recently built or redesigned office developments like some other co-working peers, such as Spaces. But the Irvine-based executive suites operator has one notable advantage in Orange County over the competitors: a big established presence. […]
