Malls Regain Allure Amid Continued Economic Gloom

Malls Regain Allure Amid Continued Economic Gloom

Mall buyers will focus either on well-performing and stabilized properties, or anemic and value-added space in coming months. Until financing becomes readily available for all mall types, there won’t be much room for anything between the two extremes. Core asset buyers such as Glimcher Realty Trust and Miller Capital Advisory/Institutional Mall Investors should make further […]

Bascom Group Acquires a Distressed 360-Unit Luxury Class A Apartment Community in San Antonio, Texas in Receivership

IRVINE, Calif., Aug. 31 /PRNewswire/ — The Bascom Group, LLC (“Bascom”) has acquired The Retreat at Canyon Springs Apartments, a 360-unit luxury Class A property constructed in 2001. The sale closed on August 26, 2010. The apartment community is located in the exclusive Stone Oak subdivision of San Antonio, Texas. The property was purchased through […]

San Gabriel real estate summit highlights opportunities

SAN GABRIEL – China’s emergence as an economic superpower has caught the attention of U.S. investors and business leaders, highlighting opportunities that are available to both nations. The inaugural U.S.-China Real Estate Summit, which kicked off Thursday in San Gabriel, was designed to promote those opportunities. Read More

Bounce Back: Multifamily Firms Emerge From Recession

In Phoenix, not all apartment companies are created equal in the scope of the market recovery. An Arizona court of equity has cleared the way for a 3,000-unit, seven-property apartment portfolio previously operated by the Bethany Group to be sold out of receivership, says Bill Hoffman, president and founder of San Diego, Calif.-based Trigild, the […]

Apartment rents hitting bottom

Scott R. McClave is a principal of transactions and finance for The Bascom Group, an Irvine-based investment firm that manages over 30,000 units of apartments in 10 states. McClave is involved with the acquisitions, financing, and dispositions of apartment buildings, which the company renovates, rents up and, ultimately, sells after a number of years. But […]