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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.

March 27, 2019

San Francisco Business Times

Real Estate Deals of the Year: WeWork Lease in Oakland

by Dean Boerner

Why it won:

TMG Partners spent $14 million transforming the Breuner Building at 2201 Broadway in Oakland, and WeWork wanted in. The co-working company signed up for 68,000 square feet last October in one of the East Bay’s biggest recent office leases, rewarding TMG’s $65 million 2016 purchase of the 198,000-square-foot building.

“With large floor plates and high ceilings, the property is ideally suited for creative, technology and other startup tenants – not to mention our location within two blocks of BART, Lake Merritt and a myriad of restaurants and entertainment venues,” TMG Partners Director of Development David Cropper said in a statement.

WeWork’s deal was one of Oakland’s largest office leases of the year and will draw up to 1,100 people to the co-working space and surrounding Uptown Oakland neighborhood. Uptown Oakland has enjoyed a revival in recent years, sprouting dozens of new shops, restaurants and performance venues.

The developer enlisted Studio O+A for renovation of the nearly 90-year-old building, which formerly held Breuner’s Home Furnishings. WeWork joins several other tenants like Fehr & Peers and UCSF Benioff Children’s Hospitals Foundation setting up shop in the Art Deco building, now reportedly back on the market by TMG with estimates it could sell for as much as $99 million, or $500 per square foot.

WeWork Lease at 2201 Broadway

Address: Breuner Building, 2201 Broadway, Oakland

Size: 68,000 square feet

Tenant: WeWork

Landlord: TMG Partners

Tenant’s broker: Steve Barker of Savills

Landlord’s brokers: John Dolby and Dane Hooks of Cushman and Wakefield

Law firm: Coblentz Patch Duffy & Bass LLP