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.
ABC News- San Francisco
ONLY ON 7: San Francisco of the future, taking place now
Written and Produced by Ken Miguel
SAN FRANCISCO (KGO) --

Driving into San Francisco these days, you can't help but notice the construction cranes dotting the skyline. Much of that work is part of an aggressive plan to redevelop a once derelict neighborhood south of market. What's rising in its place, are thousands of new homes, offices, and hotel rooms.

This is the San Francisco of the future. It's a view you'll only see on ABC 7 news thanks to graphic designers at Steelblue. Tall towers will rise where freeways once stood. Parking lots will become parks. The site of the old Transbay Terminal will become a transit hub for the entire bay area, on top, a three block long park.

But this San Francisco isn't just a dream it's now taking shape and it all centers around this site.

"All the bracing is in place, and we really hit a next milestone, of building the train box, which are the bottom two layers of the transit center," said Dennis Turchon, senior project manager of the one-point-$1.9-Billion new Transbay Terminal project.

Turchon gave us a closer look at the progress being made below ground. "Someday we'll have six trains running through here," he said, "Six tracks 4 for high speed rail, two for Caltrain."

Five-stories below the busy streets above, work is underway. "The transit center is the complete opposite of the old Transbay Terminal," said Turchon. "It's high ceilings, bright, skylights, lots of windows."

The centerpiece of the new transit center will be a huge glass column supported by massive pipes. Turchon showed us where they will connect.

"Behind me are the anchor bolts that will hold all those pipes together. - so we are a point now that we will never see again," he said.

This fall, the transit center will start to rise above ground when steel work begins. It is slated to open in 2017. Because funding for the high-speed rail and Caltrain extension still need to be secured, trains won't likely run for a couple more years.

But that isn't slowing work on another landmark next door.

"It will be the tallest building west of Chicago," said Michael Tymoff of Boston Properties.

The "Salesforce Tower" will be 1070 feet tall. Rising more than 200-feet higher than the city's tallest building, the Transamerica Pyramid.

"This is an unprecedented time in San Francisco's history, from the standpoint of development, both commercial and residential," said Tymoff,

The city's South of Market neighborhood is a maze of construction detours. Between the bay bridge and Market Street, more than two dozen projects are under construction or planned. These architectural renderings show what some of them will look like.

The owners of this empty lot at Mission and First streets have big plans for the corner.

Local developer TMG Properties wants to build two towers, including a 950 foot skyscraper.

"We went to three architects, all world renown, and asked them to give us their vision of what they saw on the site," said TMG's Michael Covarrubias.

Combined, the two buildings could provide two million square feet for offices, a hotel, and residences.

"It will be the second tallest," said Covarrubias, "and if we do it right, we're going to put the condominiums on the top of the tall tower - so they will be the tallest residential units on the west coast."

They hope to break ground by the end of next year. If built - it will be part of a dynamic new neighborhood taking shape.

"This going to become sort of a grown up San Francisco for the 21st Century," said Covarrubias.