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.
San Francisco Business Times
Exclusive: Global engineering firm expands to Oakland
by Blanca Torres

Global consulting firm Arup plans to open its first Oakland office as more multinational companies look to expand in the East Bay.

The firm inked a 16,000 square-foot, 10-year lease with landlord TMG Partners in 1330 Broadway, a newly renovated, 315,000 square-foot office tower. Software giant Oracle recently grabbed space in the building, which sits above the 12th Street BART station.

“Oakland is a hot place to be right now, a lot of people didn’t previously have it on their radar screen and now they do,” said Adam Chall, partner at TMG Partners.

The landlord spent about $30 million renovating 1330 Broadway with a new lobby, new restrooms, modern elevator and other upgrades after buying the building in 2015. The 18-story tower features a style of architecture known as International Style distinguished by rectilinear forms and minimalist design.

The building is “iconic,” Chall said. “Tenants are starting to appreciate it for what it is.”

Arup could house about 100 employees in the new Oakland office and hired Gensler to design the interior. With more than 90 offices worldwide, Arup employs more than 12,000 workers including close to 300 in the Bay Area, according to Business Times research.

The company’s San Francisco office has worked on projects such as the new Apple campus in Cupertino and the upcoming Transbay Transit Center in San Francisco.

“Arup is excited to grow our Bay Area presence to better serve our East Bay clients and to be part of the Oakland community,“ said Aidan Hughes, managing principal of Arup, in a statement.

Many companies are looking to add offices in Oakland to better accommodate employees who live in the East Bay as opposed to relocating the entire operation, said John Dolby, a broker with Cushman & Wakefield who represented Arup in the deal along with Greg Fogg. Dane Hooks, also of Cushman & Wakefield, represented TMG.

In the past few weeks, WeWork, a co-working space operator, signed an 80,000 square-foot lease for its first Oakland location.

Tenants are looking for attractive space and proximity to BART, Dolby said. Oakland’s market is tight right now with few options for tenants that need a large chunk of space.

Demand from prospective tenants in the East Bay was around 1.5 million square feet during the first quarter, according brokerage firm CBRE. About 60 percent of that demand is coming from tenants seeking 50,000 square feet or more, which is hard to come by in Oakland. Vacancy was around 4.5 percent in downtown Oakland during the first quarter with asking rates around $53 per square foot.

With Arup’s deal, 1330 Broadway is now nearing 80 percent leased up with about 65,000 contiguous space available between the seventh and 10th floors.

The landlord moved around some tenants to consolidate them on other floors to open up a larger space, Chall said.

“We’ve been really happy with the tour activity,” he said. “Our new lobby, amenities, and extensive building improvements are strategically intended to meet the wants and needs of tenants.”