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.
A modern high-rise building with reflective glass panels, situated on a bustling urban street at sunset.
Curbed
Ritzy, tech-inspired tower coming to Uptown in Oakland
by Adam Brinklow

SF developer wants a piece of Silicon Valley in The Town

Developers are preparing to break ground on an ambitious 28-story office development on Telegraph Avenue in Oakland, turning a flat and underused block in the middle of Uptown into what the city hopes will be a crowning attraction for tech investment.

Meanwhile, those selling the building are trying to parlay Uptown’s neighborhood popularity into sales.

Dubbed Telegraph Tower, the building at 2300 Telegraph Avenue stacks 875,000 square feet of office space onto two parcels that are presently a gas station and a parking lot. SF-based TMG Partners applied to develop the properties in January of 2018.

Michael Covarrubias, chief executive officer of TMG, said at the time that his company hoped to “balance out the Bay Area’s traditional regional job centers”—which is to say, he wants to bring downtown Oakland more of the same development happening in San Francisco and Silicon Valley.

On Wednesday, architecture firm Solomon Cordwell Buenz (SCB) released new renderings of the project, talking up design elements like the building’s angular form and the “industrial-inspired” metal seam visible on the exterior, as well as the “virtually column-free” interior space and trendy Nana Walls—it seems the tech set have not yet gotten over their infatuation with big, open floor plans.

The high-profile project is a score for the city, with Oakland Mayor Libby Schaaf calling it “stunning.”

But a bigger question for area residents is how will the tony tower might affect the neighborhood.

TMG have bet on the in-demand Uptown locale to help push the new building to buyers, although it is neither shrewd nor accurate for TMG to call the Uptown neighborhood “the Bay Area’s best-kept secret.” (A secret to who, exactly?)

The group also notes that companies can inspire employees by “immersing your creative workers in the Uptown Oakland arts scene,” pushing the building’s proximity to Art Murmur and the fact that they hired local artist and Burning Man regular Karen Cusolito to produce the lobby art.

In truth, this sort of big, tech-centric new development is the thing that gives Oakland artists and low-income residents anxiety. (For what it’s worth, the building does include new a gallery space and a theater in a bid to add some tangible assets to the art scene.)

Construction could begin at some point early this year.