May 2, 2024 6:23 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Bascom bolsters multi-family holdings with 432 units in Phoenix…pays $40.725 million

brewPhoenix – A company formed by Bascom Arizona Ventures LLC paid $40.725 million ($94,271 per unit) to acquire the 432-unit Arcadia Cove apartments at the southwest corner of 44th and Oak streets in Phoenix. The seller was 2252 North 44th Street LLC, a company formed by BRE Properties Inc. in San Francisco, Calif. (NYSE:BRE, Constance Moore, CEO). The sale was negotiated by Steve Gebing and Cliff David of Marcus & Millichap Real Estate Investment Services in Phoenix. Records show the buyer (BAZV Arcadia Cove LLC) acquired Arcadia Cove with a $35 million loan from HSBC Bank USA. Bascom Arizona Ventures LLC was formed by The Bascom Group in Irvine, Calif. (Derek Chen, Jerome Fink, David Kim, principals). Glenn Daiutolo, who operates from Scottsdale, completes the partnership of principals who together form Bascom Arizona Ventures LLC. Continue reading:

View Larger Map

As reported in:

DM BREW RLG logo

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.