SAN FRANCISCO, June 23, 2016 /PRNewswire/ -- The Mark Company announced outstanding results for the first half of 2016 in the highly competitive West Coast condominium markets. Lead by President, Alan P. Mark, The Mark Company, the West Coast's leading sales and marketing firm has launched four new residential developments in San Francisco since the beginning of the year, including the highly anticipated 181 Fremont Residences, The Harrison, 450 Hayes and 388 Fulton, with projected total sales volume of over $1 billion. At 450 Hayes and 388 Fulton, TMC rapidly put nearly 60 percent of the 97 total market rate homes into contract within the first 60 days of launch.
Recent new business wins underscore The Mark Company's proven strength and exceptional track record in the sales and marketing of new luxury condominiums. In addition to successful sell outs at 400 Grove in San Francisco and SL70 in Los Angeles's Silver Lake district, the firm was recently selected to execute sales and marketing for three other upcoming San Francisco developments. These include The Austin, 103 homes in the sought-after Civic Center neighborhood, LagunaHayes, 29 residences in popular Hayes Valley and 119 7th Street, 39 residences in the desirable South of Market neighborhood near the Mid-Market technology hub. The firm is expected to announce at least two additional project wins this summer.
The Mark Company reports these recent successes as the urban West Coast real estate markets continue to thrive due to strong demand and limited inventory. In San Francisco, there are 341 additional new condominiums expected to come to market by the end of 2016, joining the current inventory of just over 1,200 new condominiums available today. With the Bay Area and San Francisco's healthy economy continuing to attract new residents, the number of home seekers far outweighs the number of homes needed to house them. Recently, The Mark Company added Sandra Eaton as new Vice President of Sales and promoted Matt Dietsch to Senior Director of Developments to support their increasing portfolio and growth goals.
The Mark Company was acquired by Pacific Union International in late 2015. This merger of leading firms creates the industry's most powerful partnership, enhancing The Mark Company's offering through Pacific Union International's strength in innovation, deep buyer insights and wide reach through its network of over 700 real estate professionals in 29 offices throughout Northern California. With sales volume of $8.2 billion in 2015, Pacific Union's strength in the luxury market is the perfect complement to The Mark Company's strengths in the sales and marketing of new construction condominiums in urban locations.
About The Mark Company: The Mark Company is one of the nation's premier urban residential marketing and sales firms. Founded by Alan Mark in 1997, The Mark Company provides a full range of core consulting services including analytics, design, marketing and sales for urban high-rises and suburban attached properties throughout the Western United States. The firm is a trusted partner to global leaders in residential development and finance, providing buyer-driven sales and marketing strategies that produce industry-leading results. The Mark Company has represented more than 10,000 residences and generated over $5 billion in sales for some of the nation's most notable and successful developments including The Infinity in San Francisco, Evo in Los Angeles and The Martin in Las Vegas. Current projects include 181 Fremont Residences and The Harrison in San Francisco and Cavalleri in Malibu. A subsidiary of Pacific Union International, one of the San Francisco Bay Area's top-performing resale brokerages, The Mark Company benefits from an enriched leadership team, enhanced technology and added global reach through its affiliation with Christie's International. For more information, please visit www.themarkcompany.com
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SOURCE Pacific Union International