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.
California Newswire
S.F. Technology Leader Riverbed Signs Long Term Lease for World Headquarters in SOMA
by Valerie Gotten

San Francisco Mayor Edwin M. Lee today announced that Riverbed Technology, a leader in IT performance solutions, has entered into a 167,788 square-foot lease at 680 Folsom Street to house their world headquarters. Riverbed is expected to move into the building in 2014.

Riverbed, currently at 199 Fremont Street, will expand by 65,430 square feet into five floors at 680 Folsom Street with a 10-year lease term. This expansion will allow for Riverbed's continued successes as they grow their offices here in San Francisco. Currently with 503 employees in San Francisco, representing almost a third of their worldwide workforce, Riverbed continues to see growth. The Office of Economic and Workforce Development (OEWD) estimates that this expansion will allow for Riverbed's local workforce to grow to 1,157 employees, more than doubling their local presence.

"Riverbed's long term commitment to keep their worldwide headquarters in San Francisco through 2024 demonstrates once again that we are the location of choice for high tech companies," said Mayor Lee. "With dynamic leaders like Riverbed's Jerry Kennelly, we are making San Francisco the 'Innovation Capitol of the World.' I want to congratulate Riverbed, TMG and JLL on the completion of this successful real estate transaction that will create jobs and drive innovation in our City."

"Riverbed is proud to have had its headquarters in San Francisco for the past 10 years. We're making this investment to support our long-term growth and cement our commitment to the City of San Francisco," said Riverbed Co-Founder and CEO Jerry Kennelly. "Like many prosperous technology companies headquartered in San Francisco, we think the City is the right location to attract the best talent and provide a thriving environment for our current employees. It is about time San Francisco becomes the capital of Silicon Valley and we want to be a part of that."

"Riverbed is the ideal tenant not only for this space, but to complement the increasing tech growth in San Francisco's SoMa area," said TMG Partners Chairman and CEO Michael Covarrubias, the developer for 680 Folsom Street. "It's very exciting to be a part of this renewed vitality here in the City and we believe it not only indicates the strengthening of our local economy, but indicative of the positive trending in both the residential and commercial space within this area of the City."

Riverbed was represented in the transaction by the real estate firm Jones Lang LaSalle. "The Riverbed real estate team was excellent throughout this entire process and took a very strategic approach to their future real estate requirements. By being proactive, they executed a headquarters strategy and netted a superb block of quality space which will be the finest development in San Francisco in the last decade," said Jones Lang LaSalle's HQ practice leader and International Director David Churton.

With construction now underway at 680 Folsom Street, the building will be fully renovated in time for Riverbed's occupation. The new headquarters will feature a clear glass wall skin replacing the current concrete facade, a new public plaza and is pursuing LEED Gold certification.