(Photo:  http://photos.prnewswire.com/prnh/20121015/CG93458)

The America’s Cup, dating back to 1851, is the oldest and most prestigious trophy in the sport of competitive yacht racing.

Pacific Union’s support of Artemis Racing helps celebrate the historic arrival of the America’s Cup to San Francisco.  “We found an amazing amount of synergy between the mindset of the Artemis Racing organization and the philosophy of Pacific Union,” said Mark A. McLaughlin, CEO of Pacific Union. “We both have cultures of intense excellence, teamwork, and making ‘extraordinary’ our benchmark for achievement.”

“Artemis Racing truly represents elite performance and achievement, which are traits we see in our own teams every day,” said Felicia Chan, vice president of brand marketing for Pacific Union. “And being able to support Artemis Racing’s efforts in our own backyard allows us to share the excitement of America’s Cup racing with Pacific Union’s clients, partners, and real estate professionals.”

Artemis Racing has already demonstrated its competitive fire. In the second America’s Cup World Series event of the 2012-2013 calendar Artemis Racing finished a very credible third out of eleven, beating some of the best racing teams in the world.

The next stop for Artemis Racing and the America’s Cup World Series will take place in Venice, Italy, in April and then on to Naples, in May 2013. Artemis Racing will then compete in San Francisco in the Louis Vuitton Cup in July 2013 and if successful they will advance to challenge ORACLE Team USA in the America’s Cup Match in September 2013.

Paul Cayard, CEO of Artemis Racing, strongly supported the idea of a partnership with Pacific Union. Cayard is a seven-time world champion, two-time Olympian, former America’s Cup skipper, and member of the Sailing World Hall of Fame.

“I have been lucky enough to experience firsthand the commitment to clients shown by Pacific Union, and their drive to exceed expectations at every turn,” Paul said. “Those qualities are a perfect fit with Artemis Racing, and we are excited about working together.”

About Artemis Racing

Artemis Racing is the Challenger of Record for the 34th America’s Cup. Artemis Racing competes in the America’s Cup World Series, RC44 Championship Tour, and Vulcain Trophy. Artemis Racing represents the Royal Swedish Yacht Club (KSSS).

About Pacific Union International

Pacific Union International is the San Francisco Bay Area’s premier luxury real estate brand operating in seven regions, including the Contra Costa County, the East Bay, Marin County, Napa County, San Francisco, Sonoma County, and the Tahoe/Truckee region.

Pacific Union offers a full range of personal and commercial real-estate services, including buying, selling, and relocation.

Locally owned, Pacific Union’s leadership operates with an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise to ensure deep, long-standing client and agent relationships.

For more information, please visit us at www.pacunion.com, get our real estate news and insights at blog.pacunion.com, or find us on Facebook (facebook.com/puintl) and Twitter (@pacunion).

Media Contact: Felicia Chan, Pacific Union International, +1-415-314-4929, felicia.chan@pacunion.com

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SOURCE Pacific Union International

Article source: http://www.heraldonline.com/2012/10/15/4339002/pacific-union-international-supports.html

Compared to second-quarter data from 2010, rents rose 8.6 percent in San Francisco and 9.3 percent in San Mateo County, for monthly averages of $2,400 and $1,800 respectively.

The trend can be pegged to a dwindling rental supply and increasing demand from new workers with high-paying jobs, according to RealFacts owner Sarah Bridge.

“Talent is coming into the area. It’s not that there are so many jobs, but the ones out there are paying well,” Bridge said, adding that although the new tech boom is similar to the dot-com bubble of 2000, it is bringing workers with a more experiential, less materialistic mindset. “They’re not big into being tied down to a big piece of real estate.”

According to the real estate data aggregator Zillow.com, 480 homes were sold in San Francisco in May, down 22 percent in a year-over-year comparison. Meanwhile, RealFacts data show supply running out in San Francisco and San Mateo County, both with a 96 percent occupancy rate, up 6 percent and 1 percent, respectively.

The factors are helping San Francisco maintain its status as one of the most expensive big-city rental markets in the country, which has advocates for current tenants taking notice.

“It’s making it a landlord’s market,” said Ted Gullicksen, executive director of the San Francisco Tenants Union. “We could see more evictions, more tenant buyouts.”

Gullicksen said although The City’s rent-control standards keep some costs in check for renters, state law prevents the controls from being applied to units themselves. Like in 2000, Gullicksen said, he fears without cheaper options, residents could be pushed to the outskirts of the Bay Area.

“I think we’re headed back in that direction,” he said.

Of the 43 markets examined by RealFacts, 41 posted rent increases, with the biggest gains seen in the Bay Area. San Jose, the unofficial capital of Silicon Valley, experienced the largest increase at 6.6 percent, up from $1,650 to $1,759 per month.

dschreiber@sfexaminer.com

Average rent per unit type

Average rent increase

Source: RealFacts

Article source: http://www.sfexaminer.com/local/peninsula/2011/07/influx-workers-drives-rental-rates-san-francisco-and-san-mateo-county