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SGV Apartments Sell for $14.7 Mil

MONTCLAIR, CA-Bascom Group acquires 165-unit complex here from privately held Jonathan's Landing, as large developments continue to be snapped up almost as soon as they hit the market.

By David W. Myers | Updated on November 13, 2001

MONTCLAIR, CA-An Irvine-based investment and development group has paid $14.7 million for a 165-unit apartment complex here in this San Gabriel Valley community, as investors continue to snap-up large multifamily developments almost as soon as they hit the market.

The project is known as Pinetree Apartments. It stands at 9200 Monte Vista Ave.

The buyer is Bascom Group, which was represented in-house by Scott McClave. The seller, privately held Jonathan’s Landing, was represented by Scott Neil Schimmel of Investors Management Group.

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