SOURCE: Trumark Urban

Trumark Urban

May 06, 2013 15:42 ET

Trumark Hires Veteran Development Manager as Vice President of Construction

SAN FRANCISCO, CA--(Marketwired - May 6, 2013) - The Trumark Group of Companies, a diversified real estate developer and builder, has hired veteran real estate developer and design consultant Steve Gallagher as vice president of construction for Trumark Urban, a division focused on developing condominiums in San Francisco's underserved market.

"As our new vice president of construction, Steve will be charged with nothing less than overseeing the construction of about 1,000 condos in the coming few years," said Trumark Urban's managing director Arden Hearing. "Steve will be a very busy man, as we break ground on the first project this summer."

Responding to the rebounding housing market and ongoing creation of high-paying jobs in the Bay Area, Trumark Urban has acquired six sites in San Francisco's urban core for mid- and high-rise condominium communities. Gallagher's team will handle construction of the entire $400 million portfolio.

Gallagher, who has served at well-respected firms of Tishman Speyer and Cushman & Wakefield, brings more than 30 years of building experience to Trumark Urban. At KEO International Consultants, he oversaw construction of roads and infrastructure for 350 residential towers and 3,000 villa plots for the Mohammed Bin Zayed City Development in Abu Dhabi, UAE. He guided Tishman Speyer's West Coast design and construction efforts, including the 650 unit Infinity Condominiums and the 33 story 560,000sf 555 Mission Street office and retail development in San Francisco. As senior vice president at Trammel Crow Company, Gallagher managed development of the 800,000sf 2000 Avenue of the Stars office and retail development in Century City, Calif.

"Steve has built high-rise condos and office buildings from Chicago to Los Angeles to San Francisco to Abu Dhabi," Hearing said. "He brings deep experience, knowledge and understanding of the marketplace to Trumark Urban."

A LEED-accredited professional, Gallagher has an undergraduate degree from the University of St. Thomas in St. Paul, Minn., and a civil engineering/construction management degree from the Illinois Institute of Technology in Chicago. He has studied real estate investments through UCLA Extension.

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 550 units.