Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Trumark Companies' New Urban Division to Build Six Condominium Communities in San Francisco for a Total Investment Exceeding $300 Million
Trumark Urban Sees Opportunity as Supply of For-Sale Units Dwindles; Condo Developments Will Offer Exciting Urban Lifestyle in City's Unique Downtown Neighborhoods

SAN FRANCISCO, CA -- (Marketwire) -- 01/14/13 -- Trumark Companies announced today a major move into San Francisco's underserved condominium market with the launch of Trumark Urban.

The new division has acquired six sites in the city's urban core for mid- and high-rise condominium communities with plans in the works for more than 500 for-sale units. The portfolio represents a commitment of investment exceeding $300 million with the first project expected to break ground in early 2013.

As the economy has rebounded, urban housing has been in high demand for months, especially along the coast, said Trumark principal and co-founder Gregg Nelson.

"But almost all the housing that's been created has been rental housing," said Nelson. "We see an exploding opportunity, and an exploding demand, for for-sale housing in core urban areas because there's almost a complete lack of supply."

Trumark Urban's managing director, Arden Hearing, said the six sites are exceptional in terms of transit access, walkability to restaurants and shopping, local appeal, individuality and potential for bringing dramatic improvement to the surrounding area.

"We want to take great places and make them better," said Hearing. In Nob Hill, for example, Hearing envisions turning a dilapidated auto repair shop into a high-rise condominium community with commercial/retail on the ground floor and perhaps a public-private art gallery in the alley.

"We want to bring life to the street -- revitalize areas in great San Francisco locations that are already right next to jobs, services and restaurants," he said.

A November report on San Francisco housing inventory illustrates the dearth of condominiums in the pipeline.

New condominium construction is expected to be minimal from 2012 to 2015, the Polaris Group reported in its November 2012 analysis of San Francisco real estate.

In fact, available new condominium inventory is forecasted to be less than 200 units per year from 2012 through 2015, the report states.

"For a city of over 800,000 residents, such low inventory is fairly remarkable," said Nelson.

"Trumark Urban will debut in San Francisco because of strategic reasons," says Michael Maples, who co-founded Trumark with Nelson in 1988. "First, there is a movement of tech companies choosing to locate in San Francisco over Silicon Valley. Second, a large portion of the young tech work force is choosing to live in San Francisco, even if it means commuting to Silicon Valley. And thirdly, we are seeing more move-down baby boomers choose to maintain a residence in highly amenitized urban areas."

"All these groups appreciate the rich amenities found in cities -- walkability to entertainment, cultural events and transit. All this at a time when people are, once again, recognizing the value of buying verses renting," Maples said.

In the past two years, housing prices have increased more than 10 percent in San Francisco, said Jason Kliewer, partner and chief investment officer of the firm who is responsible for all aspects of land acquisition, neighborhood planning and entitlement processing.

"Because of the rebounding housing market and ongoing creation of high-paying jobs in the Bay Area, we feel our footing is strong," Kliewer said.

Trumark's Vice President of Sales and Marketing, Mark Higgins said that condominiums will range in size from 500 to 1,500 square feet, depending on the location. The portfolio includes higher-end homes over $2 million as well as approachable market-rate housing under $500,000.

"We are looking at various amenities that appeal to this unique buyer, including personal bicycle-storage and tune-up facilities, onsite community art galleries, shared-vehicle parking and innovative outdoor spaces and uses," Higgins said.

Trumark Urban is an offshoot of Trumark Homes, which has raised more than $140 million in equity for single-family residences in suburban areas. Trumark Homes currently has 2,000 lots in pipeline in Northern and Southern California and "will continue to expand that brand," Nelson said.

Trumark Urban has a different focus, he said. "We've put together the opportunities, and we're aligning ourselves with equity partners who see the opportunity the way we do."

About The Trumark Group of Companies
The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development.

Trumark Companies is the residential development arm of the organization and has completed over $600 million in transactions since 2000, representing approximately 2,500 lots in Northern and Southern California. www.trumark-co.com/companies

Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State. www.trumarkco.com/commercial

Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Since May of 2009, Trumark has raised more than $140 million of equity and funded 15 deals. Its pipeline exceeds 2,000 lots in core urban areas of California, representing more than $900 million in future revenue. www.trumarkhomes.com

Trumark Urban engages in multifamily acquisition and development in core urban neighborhoods close to jobs, transit and local businesses. Since making the strategic decision to focus on San Francisco in 2011, the new division has acquired six sites in San Francisco for mid- and high-rise condominium communities with plans in the works for more than 500 units. www.trumarkurban.com

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media Contacts:
Anton Communications
Vanessa Showalter
Email Contact

Genevieve Anton
Email Contact

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
Hortonworks went through an IPO last Friday, December 12, 2014. It’s initial price of $16 soared by 60% immediately after. Today the stock price is $24.70 with a market cap of $1.02B. Another billion dollar club member. They compete with Cloudera and MapR in packaging the open source H...
The illustration in the beginning of this post depicts the Internet of Things (IOT). You can guess (correctly) that I think that this technology is significant and important. In my opinion it is a revolution. I do not know if IDC's Internet of Things prediction is right for 2015, bu...
Large technology manufacturers that focus on channel sales through distributors and resellers have traditionally operated with informal processes, using tools like spreadsheets and information driven by anecdotal stories from channel partners, unstructured data, and the "gut instinct" ...
At the onset of 2015 it seems that Business Intelligence software has become a nearly consensual part of any data-driven organization. Today companies large and small are realizing, more than ever, that "data is power", and that harnessing this power requires the right tools for the jo...
"The year ahead brings accelerated disruption, as those technologies which we spoke about last year as being emergent -- have now begun to evolve to practical application," stated Puneet Gupta, Brillio's Chief Technology Officer. "We are seeing the industry's rapid adoption of next-gen...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE