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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.

Pelli Clark Pelli designed this tower. Who will design the towers at First and Mission?

June 28, 2013

San Francisco Business Times

Developers Seek Rock Star Architect for Transbay Towers

by J.K. Dineen

Six years after Pelli Clark Pelli won the competition to design the new Transbay Terminal and Tower, a select group of star architects will have a chance to battle it out for the transit district's high-profile site.

This week TMG Partners and Northwood Investors LLC completed the acquisition of an assemblage of parcels at First and Mission Streets in San Francisco. The partnership plans to develop two towers with approximately two million square feet of office, retail and residential improvements on the 1.17-acre development site.

"The Transbay site will be transformative to the City of San Francisco and will positively impact the residential, commercial and restaurant/retail communities," said Michael Covarrubias, chairman and CEO, TMG Partners. "It's very exciting for our team to be a part of what will be the last mixed-use development of this scale in this area of downtown."

The property was rezoned in 2012 under the Transbay Plan, which was put in place to encourage density around the Transbay Terminal. With frontage on First and Mission Streets, the property was rezoned for a mixed-use development project comprised of an 850-foot commercial tower and a 605-foot residential tower.

The previous owner had engaged Skidmore Owings & Merrill to design the project. While SOM will almost certainly be in the running, the new owners have decided to start from scratch.

"TMG Partners and Northwood Investors are starting fresh with what will be a dynamic design to both accommodate the diversity of tenants and residents and to befit the what will be the biggest and most prominent Transbay District site besides the Transit Tower itself," the groups said in a statement.

In the Transbay Terminal & Tower competition, Pelli Clark Pelli, which partnered with Hines, beat out SOM and the Richard Rogers Partnership. SOM was working with the Rockefeller Group and Richard Rogers was teamed up with Forest City.