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.
Pinterest inks huge lease in SoMa at proposed 1 million-square-foot office campus
San Francisco Business Times
Pinterest inks huge lease in SoMa at proposed 1 million-square-foot office campus
by Fiona Kelliher

Social media website Pinterest Inc. has signed a 490,000-square-foot lease in a proposed office complex in Central SoMa as the company's potential IPO edges closer.

The deal is the biggest commercial lease so far this year, and the biggest in San Francisco since Facebook signed a 755,900-square-foot lease in May for the entirety of Park Tower. It's the second time in recent months that a major tech company has signed a lease for a building that is not yet approved. Salesforce in November pre-leased 325,000 square feet at 550 Howard St., which is slated to be the last major skyscraper to rise in the Transbay district. The leases show that tech companies are so hungry for space that they are willing to do deals well ahead of construction starting on a project.

Developers Alexandria Real Estate Equities, Inc. (NYSE:  ARE) and TMG Partners are developing 88 Bluxome St., which will include about 1 million square feet of office space when it's completed.

With this lease signed, Pinterest will serve as the campus' anchor tenant. The company runs a web and mobile site that people use to share information and images, such as recipes and clothing. Pinterest employs over 1,600 people, the company said in a statement.

88 Bluxome is a redevelopment of the San Francisco Tennis Club and has been in the works for several years, with a land deal that closed in 2017 for $140 million. The developers overcame significant opposition from the local community before their plans went ahead, and the development still isn't obstacle-free: the Central SoMa plan, of which the building is part, now faces a lawsuit. Once that is resolved, the project will need approvals.

“This project had three levels of complexity. You had a major rezoning effort in the Central Soma Plan. Second, the office allocation from Prop. M would need to be secured prior to developing. Third, the property was a functional tennis club," said Mike Taquino, executive vice president at CBRE who worked on the land deal, in 2018.

Pinterest filed paperwork in preparation to go public back in February, planning to list this upcoming June.

CEO Ben Silbermann, along with Evan Sharp and Paul Sciarra, founded the company in 2010.