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It’s the way we think
that sets us apart.

TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 39 years. As much as we have accomplished over the last three decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.

Localism

Real Estate is
a local business.

No, really.

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for over three decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.

Regionalism

We Think
Mega

If we try to solve our land use problems by focusing only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & CEO

As the Bay Area’s economy has grown over the last three decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.

Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldChief Investment Officer

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 39 years of market cycles that works in all phases and has withstood the sands of time.

Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.

Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.

Think

Localism

Regionalism

Timing

Vision

Returns

Close

Close

News & Awards.

TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.

In the News. Press Releases. Awards.

August 29, 2012

CoStar.com

Boston Properties Buys SoMa Redevelopment Site

by Laurie Forbes

TMG/Rockwood JV Trades 560,714-SF Portfolio Undergoing Renovation in San Francisco Market Highly Coveted By Investors

Boston Properties (NYSE: BXP) purchased three properties totaling 560,714 square feet in San Francisco's South of Market area from a venture of TMG Partners and Rockwood Capital. The sale price was undisclosed.

The assets included 680 Folsom St., a 14-story, 479,220-square-foot office building that was formerly occupied by AT&T; 690 Folsom St., a two-story, 33,600-square-foot industrial property on the corner that may be redeveloped; and 50 Hawthorne St., a three-story, 47,894-square-foot office structure.

The office buildings are undergoing renovation, with 680 Folsom gaining two more floors of office space. Once construction of 680 Folsom is completed, Riverbed Technology Inc. will occupy 202,467 square feet on six floors under a 10-year lease and Macy's will move into 242,753 square feet on the top seven floors beginning January 2014.

San Francisco, packed onto just under 47 square miles on the tip of a peninsula, is one of the most constrained and highly sought markets in the nation for new supply.

"This transaction maximizes the opportunities for both seller and buyer. When completed, the former Pacific Bell office building, built in 1964 and now under construction, will house a total of 521,610 square feet of Class A office space. Adding to its San Francisco portfolio of premier office properties, Boston Properties is acquiring the 85 percent leased building before it is completed," said Michael Covarrubias, chairman and chief executive of TMG.

Skidmore, Owings & Merrill designed the project and Tipping Mar Associates engineered it. Plant Construction Co. will provide construction services.

See CoStar COMPS #2543605 for more information.