The company will focus on real estate investment, development and management. David Hirsh, a former Blackstone executive, will join them taking in the role of senior adviser. Mark Moshayedi and Ryan Gallagher have formed Space Investment Partners, an Irvine-based commercial real estate operating company. The company will operate under the name WorkSpace Plans during the next year as its operations are integrated into Ware Malcomb. Owned and founded by Jill Burns and Kim Von Der Ahe-Arial, WorkSpace Plans provides “as built” floorplans for commercial, industrial, healthcare, retail and residential space using laser-measuring technology. The move will help Ware Malcomb expand its planning, architecture, interior design, branding and civil engineering services for commercial and corporate clients.

The Irvine-based design firm Ware Malcomb has acquired WorkSpace Plans, a building measurement services company. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing on behalf of Passco Companies. Jamie May of JBM Institutional Multifamily Advisors represented the seller and Passco as the buyer. The deal brings the firm’s multifamily portfolio in Florida to nine properties totaling more than 2,700 units. Passco will rebrand the luxury community known as Springs at Bee Ridge to Longitude 82o. Irvine-based Passco Cos has acquired a multifamily asset in Sarasota, Fla., for $77.5 million. The property management team will be Mill Creek Residential. The broker on the sale was Tim Shunta of National Realty Advisors. Charles Halladay and Jamie Kline of Holliday Fenoglio Fowler arranged the $66.75 million loan with TH Real Estate.

The $92.5 million acquisition closed May 24.

The Bascom Group in Irvine has acquired Modera at Observatory Park Apartments, a new 275-unit infill apartment community in Denver.

Modera observatory park