Following Compass’ acquisition of Pacific Union, Compass Development and The Mark Company’s integrated team will power luxury residential development sales with largest number of real estate professionals on the West Coast
SAN FRANCISCO and LOS ANGELES (Sept. 11, 2018) – Compass, the real estate technology company, announced today that The Mark Company, Pacific Union’s development division, will join forces with Compass Development to deliver premier sales and marketing services to luxury residential developers across the Western United States. With the most experienced new development professionals in the industry, the combined team’s research, planning and design, marketing and sales services will be enhanced by Compass’ national team of over 6,400 real estate professionals. Leveraging The Mark Company’s impressive history and Compass’ innovative technology, this new integrated team will deliver an unparalleled client experience.
The Mark Company, founded in 1997, 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. The firm, a trusted partner to global leaders in residential development, recently set a record high watermark with a $4,500 per square foot sale at 181 Fremont, for the sale of the most expensive condominium in San Francisco.
“For over twenty years, The Mark Company has delivered record sales and extraordinary service to the West Coast development community,” said Justin D’Adamo, Head of New Development, Compass. “We are thrilled to welcome their team to Compass Development. Together, with our proprietary market intelligence, game changing technology and expansive reach, we can counsel our developer clients on what to build while selling their properties faster and at a premium to the market.”
Luxury developers will benefit from Compass’ reach. The firm is committed to opening in the top 20 cities in the United States and has opened 65 new offices this year. Compass currently has a presence in San Francisco, Marin, Santa Barbara, Los Angeles, Orange County, San Diego, Seattle, Aspen, Dallas, Chicago, Boston, Greenwich, Westchester, New York City, The Hamptons, Philadelphia, Washington, D.C., Atlanta, Naples and Miami.
“This merger creates an unbeatable team,” says Ross McCredie, The Mark Company CEO. “The Mark Company’s outstanding track record with the nation’s leading developers, plus Compass’ dynamic market intelligence and technology, will win a seat at the table for every important development conversation going forward in the future.”
Together, Compass/The Mark Company has represented more than 14,000 residences and generated over $6 billion in sales for some of the nation’s most successful developments, including The Harrison, a Ken Fulk-designed tower in San Francisco, 100 East 53rd Street, designed by Norman Foster in New York, and 152 Elizabeth Street by Tadao Ando in New York. New developments the Compass/The Mark Company team will be focused on include the highly anticipated launch of the $1 billion Oceanwide Plaza in Downtown Los Angeles, 875 California, a Nob Hill development from Grosvenor that will launch sales in 2019 and 901 Tennessee in Dogpatch, San Francisco’s wildly popular arts district.