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 40 years. As much as we have accomplished over the last four 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 four 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 & Co-CEO

As the Bay Area’s economy has grown over the last four 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 FieldCo-CEO

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 40 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 &
Executive Vice President

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”.

2025

East Bay Times
SANTA CLARA — A tech company that aims to use artificial intelligence for products such as smart cameras has leased a building in a Santa Clara office campus where a failed bank once had its headqu

2024

Tri-City Voice
Fully-leased Capitol Square gains new long-term operators
San Francisco Business Times
As managing director of land use and policy for San Francisco-based developer TMG, she’s able to do just that — developing mixed-use community-oriented projects across the Bay Area and shaping land
The Mercury News
Despite hefty price, deal points to faltering Bay Area office market
CoStar
DivcoWest, TMG Partners Team Up To Close $108 Million Purchase at Steep Discount
Silicon Valley Business Journal
This week we rank Greater Bay Area Commercial Developers by square feet of development in the pipeline, which includes projects that are in planning, proposed, approved and under construction.
San Francisco Business Times
It’s no secret that crime and perceptions of a lack of safety are contributing to rising vacancy rates and office market distress in Oakland.
Route Fifty
Encouraged by California’s success, states across the country are passing laws to allow for more accessory dwelling units to address a shortage of affordable homes.
San Francisco Business Times
TMG Partners’ Matt Field says he’s still betting on San Francisco.
Commercial Property Executive
More real estate developers and investors than ever before are using Commercial Property Assessed Clean Energy funding to help get their projects off the ground.
Podcast
Michael Covarrubias, Chairman and Co-CEO of TMG Partners and Cyrus Sanandaji, Founder and CEO of Presidio Bay Ventures share what is really happening to real estate in San Francisco and d

2023

citybiz
TMG Partners, one of the San Francisco Bay Area’s largest multi-strategy property investors and developers, announced today the promotion of current President Matt Field&
The San Diego Union-Tribune
SAN DIEGO —  Previously the site of a single-story, single-family home, the lot on Manchester Road in College Area has been converted by local real estate developer Atlas West Group
kpbs
Homebuilders from across the country gathered in San Diego this week for the "Build the Middle" conference on "missing middle housing."
The Registry
The official price for PG&E Corp.’s acquisition of the 910,000 square foot tower that houses the firm’s headquarters in Oakland has been identified.
The Real Deal
San Francisco-based TMG Partners has secured $172 million in Commercial Property Assessed Clean Energy financing for the Oakland tower it is 
San Francisco Business Times
Following on the heels of its NAIOP win last month, TMG Partners is honored to be a recipient of the San Francisco Business Times 2023 Real Estate Deal of the Year Awards.
NAIOP
TMG Partners is a proud recipient of the Office/Life Science Lease of the Year Award for 600 Battery. Thank you to the NAIOP!

2022

2024

TMG PARTNERS SELLS THE QUAD TO SOUTH BAY DEVELOPMENT
TMG PARTNERS TO LEAD REPOSITIONING OF 350 ELLIS OFFICE CAMPUS IN MOUNTAIN VIEW

2023

TMG PARTNERS ANNOUNCES PROMOTION OF MATT FIELD TO CO-CEO

2022

TMG PARTNERS AND INVESCO SIGN LEASE WITH RIPPLE FOR 125,000 SQUARE FEET AT 600 BATTERY

2021

TMG Partners Closes $220 Million Separate Account for $625 Million of New Investments
Joint Venture of TMG Partners and Sares Regis Signs Three Retail Leases at Fremont's Capitol Square
TMG Partners and KKR Sign Lease with Twitter for 66,000 Square Feet at 1330 Broadway
TMG PARTNERS AND KKR SIGN LEASE WITH TWITTER FOR 66,000 SQUARE FEET AT 1330 BROADWAY
TMG Partners and Goldman Sachs Asset Management Acquire Mountain View Office Asset

2023

2020

2019

2018

2017

2016

2013

San Francisco Business Times Real Estate Deals of the Year
San Francisco Business Times Real Estate Deals of the Year
San Francisco Business Times Real Estate Deals of the Year

2012

San Francisco Business Times Real Estate Deals of the Year
San Francisco Business Times Real Estate Deals of the Year

2011

2010

California Department of Housing and Community Development

2009

2008

San Francisco Business Times Real Estate Deals

2007

PG&E and Alameda County Environmental Health Services

2006

Silicon Valley Business Journal Book of Lists
San Francisco Business Times Book of Lists
San Francisco Business Times Book of Lists
California’s Leading Commercial Developers — Real Estate Resource

2005

2004

San Francisco Business Times Book of Lists

2003

2002

San Francisco Business Times Book of Lists

2001

San Francisco Business Times Book of Lists

2000

1999

1998

1997