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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.

July 9, 2010

San Francisco Business Times

TMG to Manage Reposition of SoMA Office Building

by J.K. Dineen

Continental Development Corp. has tapped San Francisco development firm TMG Partners to manage the repositioning of the 400,000-square-foot 155 Fifth St., which Wells Fargo vacated at the end of June.

TMG President Michael Covarrubias said the firm is evaluating all the options for the property - including housing and retail - but it is probably best suited for a large technology or government office tenant. The San Francisco Convention and Visitors Bureau has also looked at the property as a potential location for the expansion of Moscone West, but is currently focused on another TMG-owned property, 680 Folsom.

The Fifth Street property redevelopment comes at a time when central SoMa between Fourth and Seventh streets has seen radical change and could undergo even more development. A block South of 155 Fifth St., the $460 million Westfield San Francisco Centre opened in 2006; just to the north, the InterContinental San Francisco hotel was completed in 2008. In addition, the Hearst Corp. has hired Forest City to come up with a redevelopment scheme for the San Francisco Chronicle property directly across the street.

"We are going to look at a few alternative uses," said Covarrubias. "It could be in the right place at the right time. It's right in the middle of an up-and-coming pathway."

Continental owns or manages 4 million square feet in Southern California and, like TMG, specializes in new development as well as reviving aging or challenged urban properties. Continental Senior Vice President Alex Rose characterized TMG as a Northern California version of his firm.

"When we knew Wells was going to leave, the conclusion we came to was that it was important to have local knowledge of market conditions, brokers and city folks and processes," said Rose.