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.
TMG and Invesco snap up large Jackson Square office building
San Francisco Business Times
TMG and Invesco snap up large Jackson Square office building
by Fiona Kelliher

TMG Partners and Invesco Real Estate have snapped up an office building at 600 Battery St. in San Francisco's Jackson Square, marking TMG’s second stint owning the site.

Terms of the deal were not disclosed, but the Business Times previously reported the 120,000-square-foot building could fetch a more than $1,000 per square foot or near $125 million, according a source close to the deal.

The seller was a joint venture of M&J Wilkow and the National Real Estate Advisors LLC. Marketing company IPG Mediabrands occupies the site, but that lease expires in 2020.

TMG’s owned the building in the 1990s, renovating it and selling in 1998. The building’s unusually large 40,000-square-foot floorplates and modern amenities attracted TMG back for a second time, the company said in a statement. It was renovated again in 2000 to Class A standards.

“It’s a rare opportunity to acquire a property whose history you know this well,” said TMG Partners’ CIO Matt Field.

TMG has recently been active in the Oakland market, winning approvals for a massive 760,000-square-foot tower at 2201 Valley St. and looking to unload another adjacent building it renovated at 2201 Broadway. Also in Oakland, Invesco and partner Hines recently started leasing up a 385-unit residential development next to the MacArthur BART station.

The historic Jackson Square district has long been home to boutiques and smaller public relations and architecture firms. But tech companies have increasingly eyed the neighborhood, with companies like former Twitter CEO Dick Costolo’s firm 01 Advisors taking space. Other creative companies, such as footwear maker Allbirds, recently expanded in the area.

Vacancies were about 5.4 percent in the Jackson Square and North Waterfront areas in the fourth quarters, with asking rents at about $71 annually per square foot, according to brokerage CBRE. That's on the softer end of the San Francisco market overall, where asking rents hit $81 per square foot and vacancies dipped to 4.1 percent.

Kyle Kovac and Mike Taquino, two brokers with CBRE, represented the seller.