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.
The Mercury News
Downtown San Jose transit village near Google proposal steams ahead
George Avalos

SAN JOSE — A big tech village in downtown San Jose is moving forward, an ambitious project that could bring 5,000 jobs to a site that’s adjacent to a separately proposed Google transit-oriented community.

The development by TMG Partners and Valley Oak Partners would create more than 1 million square feet of offices and is bounded roughly by West Julian Street on the south, North Autumn Street on the west, some train tracks on the north and Autumn Parkway on the east. The site is perched near the banks of the Guadalupe River.

“This part of San Jose has the potential to serve as the new focal point of Silicon Valley,” said Matt Field, chief investment officer with San Francisco-based TMG Partners.

One reason experts and industry watchers believe this could happen for an array of reasons that include wide-ranging plans for major office developments, tech campus expansions, home and retail.

What’s more, the existing Diridion train station already has light rail, Amtrak, Caltrain, ACE Train and bus connections serving the downtown transit nexus. Plus, plans have been approved for BART lines and high-speed rail that could create one of the busiest mass transportation hubs.

“Our belief is that Diridon Station, in particular, will activate this historically industrial part of downtown San Jose into a bustling, inclusive, economic powerhouse,” said Steve Fisher, principal executive with San Jose-based Valley Oak Partners.

The site totals 5.5 acres and is within what’s known as the Diridon Station Planning Area. The site of the development at present consists primarily of offices, shops, equipment yards, older industrial buildings, empty lots and surface parking sites.

“This is a great site,” said Bob Staedler, principal executive with Silicon Valley Synergy, a San Jose-based land use planning consultancy. “It’s walkable to the train station and has great vehicle access.”

The respective sizes of the office buildings will be 499,000 square feet, 367,000 square feet and 157,000 square feet. Together those could be enough space for 5,000 employees.

What’s more, Mountain View-based Google plans a big transit-oriented village that would consist of 6 million to 8 million square feet of offices, enough space to accommodate 15,000 to 20,000 Google workers.

Trammell Crow has gained approval for a mixed-use complex that would include 1 million square feet of offices and contain residences and retail.

Just east of all of this activity around Diridon Station, Adobe Systems is pushing forward with plans for an office tower that could contain 3,000 of its workers, in a major expansion of the tech giant’s downtown San Jose headquarters campus.

“What TMG and Valley Oak are planning is right next to the what Google is looking at developing,” said Scott Knies, executive director of the Downtown San Jose Association. “There is a huge amount of change that is ahead for the west side of downtown.”

The developers have gained a key approval from San Jose city officials and now have requested approval for a specific permit to develop the site. The project is being designed by New York-based Kohn Pedersen Fox Associates, lead designers of Hudson Yards in New York City.

“There should be a lot of interest from tech companies to lease or buy this property,” Staedler said.