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”.
In the News. Press Releases. Awards.
RENTV.com
Angelo Gordon and City Center Realty Partners Purchase Emeryville Public Market

Angelo Gordon and City Center Realty Partners have acquired Emeryville Public Market, a 270k sf, mixed-use property in the East Bay city of Emeryville. The asset was sold by TMG Partners and Rockwood Capital.

Although the price was not disclosed, Bay Area news sources have reported a range of estimated deal values. The San Jose Mercury News reported that the property sold for around $54 mil, or about $200/sf. However, the San Francisco Business Times puts the price tag at between $60 to $70 mil.

Located at 5959 Shellmound St, north of Powell St and east of I-80, the property was initially developed by TMG Partners in the late 1980's and recapitalized in 2003 with its current partner, Rockwood Capital. In 2011, TMG and Rockwood undertook significant renovations and leasing at the property to create a thriving walkable mixed-use property that integrates working, shopping, dining and community life.

Improvements include a number of new retailers (Urban Outfitters, Guitar Center and Hot Italian), cultural offerings such as art and music, and science education displays by the San Francisco Exploratorium—their first exhibits outside the museum anywhere in California. Also added were innovative "green" living demonstration projects, electric vehicle charging stations, bus stops, outdoor seating and plazas to create a dynamic destination. The improvements and targeted leasing resulted in the awarding of the property as a 2010 California Catalyst Communities Pilot Gold Level Designation and US Green Building Council LEED ND Platinum Designation.

Angelo Gordon and City Center Realty Partners plan to continue to reposition the project and expand retail and food offerings. The new owners also intend to undertake development of an additional 800k sf of new mixed-use product that will strengthen Public Market as a vibrant community gathering place for Emeryville. TMG Partners will continue to provide strategic input for the new ownership.

An HFF investment sales team led by managing director Nicholas Bicardo, along with managing director Steven Golubchik and director David Karol, represented the seller in the transaction.