We find the land, structure the capital, design, build and run the asset.
Southern California, Northwestern Mexico and Mexico’s Pacific coast.
GRUBSA is the real estate development platform of Bas Group. One organization covers the whole life of an asset, from research and structuring to architecture, construction and operation, so our capital partners deal with one team from the first site visit to a stabilized property.
Combined record of Bas Group companies across residential, hospitality, mixed-use, commercial and industrial real estate, master-planned communities and infrastructure.
What began as a construction business in Mazatlán is now an integrated development platform. Each generation has added a capability without losing the discipline that started it.
Bas Holding is founded in Mazatlán in 1982. GRUBSA follows in 1984 as an architecture firm, then Grubsa Construction in 1986, built around civil engineering. Hotel Palmilla, in Los Cabos, becomes its first project outside Sinaloa, and in 1988 Cervecería del Pacífico signs on as a client back home.
The group grows steadily across Baja California, Sonora, Sinaloa, Durango, Coahuila and Nuevo León. Starting in 1996, it builds 65 Burger King restaurants and four Soriana stores.
The group diversifies into housing and founds Grubsa Residencial. Carnaval, Raíces and the Horizon tower take shape in Mazatlán, with San Pedro in Mexicali and Santa Lucía in Ensenada. In 2008, relationships with leading hospitality and retail brands give rise to Grubsa Developments.
Bas Holding founds Adria Capital, a general partner that raises and manages LP funds. Distrito Sur, Parque Quazar and the SuKarne headquarters are built alongside a run of mixed-use centers. By 2016, Grubsa Developments has opened its third hotel and its ninth strip mall.
A strategic alliance moves the group into land reserves, with positions in Mazatlán and Los Cabos held and planned for the long term.
Adria Capital enters leisure hospitality with a five-hectare resort reserve on the Mazatlán coast.
Bas Group creates Andaaz Capital, a residential investment platform for second homes in Mexico. Montemar follows in Mazatlán in 2023.
Nearly four decades after Hotel Palmilla, the group returns to Baja California Sur. Adria Capital begins a 140-residence project in Los Cabos.
We work across Southern California, Northwestern Mexico and Mexico’s Pacific coast, where decades of regional work and long-term fundamentals give us an advantage others may overlook.
Urban markets powered by manufacturing, nearshoring, logistics and population growth.
Tijuana, Hermosillo, Mazatlán, Guadalajara, Torreón, Saltillo, Chihuahua and Ciudad Juárez.
Lifestyle and tourism markets with international demand and limited supply.
Ensenada and Valle de Guadalupe, Loreto, La Paz, Todos Santos, Los Cabos, La Ribera, Riviera Nayarit, Puerto Vallarta and Costa Alegre.
Investment and capital markets for our cross-border platform.
San Diego.
More than 350,000 residents or exceptional growth. Positive net migration. Growing jobs in industry, logistics and manufacturing.
International airport with direct flights. Within a three-hour flight of California, Arizona and Texas.
Healthy absorption and resilient pricing. Limited supply of institutional-quality product.
Established master-planned communities, reliable infrastructure and high barriers to entry.
Our platform originates, structures, develops and manages a diversified portfolio, so each project fits the objectives of our capital partners and the needs of its market.
Land development and master-planned communities, designed for decades of growth.
Ultra-luxury, luxury and branded residences, and second homes.
Lifestyle resorts and lifestyle hotels.
Lifestyle and neighborhood shopping centers.
Industrial and logistics parks, and industrial buildings.
Corporate headquarters and flexible workspace.
Single-family homes and estates on exceptional sites, designed and built one at a time.
Lifestyle clubs for gastronomy, wellness and longevity, sports and recreation, leisure, creativity, and family.
Ground-up projects built on strategic land contributions. We partner with landowners and capital providers and run every stage, from structuring and planning to stabilization and exit.
Underperforming or underused assets, acquired through seller financing and recapitalization, then repositioned for long-term performance with less capital upfront.
Each phase is led by a GRUBSA or Bas Group company, so decisions never pass from one firm to the next. Where the work calls for it, we bring in specialized partners.
Where every successful development begins.
We test the site, the market and the numbers before any capital is committed.
Where vision takes form.
We turn the strategy into a coordinated design, tracking cost and schedule as it takes shape.
Where strategy becomes value.
We close cost, procurement and contracts so construction starts on solid terms.
Where vision becomes reality.
We lead construction on the owner’s behalf and protect the approved design all the way to delivery.
Where every decision builds value.
We stay with the project from inception to stabilization: governance, capital, commercial strategy and operations.
Whether as sponsor, co-developer, development manager or strategic partner, we structure each partnership to align interests and manage risk.
Investment Funds/ Asset Managers/ Family Offices/ Institutional Investors/ Private Equity Firms/ Pension Funds/ Insurance Companies/ Sovereign & Strategic Investors/ Landowners/ Developers/ Hospitality Operators/ Family-Owned Businesses
Strategic relationships built by Bas Group and GRUBSA over four decades.
Accor, Marriott, Ibis, Sheraton.
Walmart, Soriana, Mega, City Club, The Home Depot, Office Depot, Casa Ley, Elektra, Famsa, Dportenis, Comex, Farmacias Similares.
Burger King, Starbucks, Carl’s Jr., TGI Fridays, Domino’s, Papa John’s, Super Salads, Sushi Factory, Peter Piper Pizza, Mochomos.
SuKarne, Arca Continental, Grupo Modelo, Pemex, Zucarmex, Sugar Foods, Grupo Zapata.
HSBC, Banamex, Banorte, Actinver.
Telcel, AT&T, Salud Digna.
Cinépolis, Caliente.
El Cid, Palmilla Beach, Cabo del Sol, Querencia, Homex, Fincamex, Impulsa.
A selection of completed developments across residential, hospitality, mixed-use and commercial real estate.
