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 Partners
TMG Partners and Goldman Sachs Asset Management Acquire Mountain View Office Asset
by TMG Partners

Class A Property Spans 445,967 Square Feet at 350 to 380 Ellis Street

SAN FRANCISCO/MOUNTAIN VIEW (July 14, 2021) – TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and the Real Estate business within Goldman Sachs Asset Management (Goldman Sachs) announced today the acquisition of a 445,967-square-foot Class A office campus at 350-380 Ellis Street in Mountain View, California. The seller, NortonLifeLock, is leasing back one of the property buildings.

“TMG sees this acquisition of a fully amenitized campus as an ideal addition to our portfolio and greater Silicon Valley strategy for accommodating the evolving workforce in this submarket,” said Ben Kochalski, Regional Partner with TMG Partners. “With Newmark leading our leasing outreach, we believe the interconnectivity of the campus, the indoor/outdoor amenities, and the adherence to health and wellness at the workplace will entice best-of-breed companies to headquarter here.”

                                            
350-380 Ellis Street, Mountain View            Image courtesy of TMG Partners

 

The property, situated in the heart of Silicon Valley, was constructed with high-quality architectural design and innovative features. Buildings A, B, C and D are each four-story premier, Class A office buildings that are interconnected in a U-shape surrounding the main campus area. The connectivity between all four buildings on nearly every floor provides a unique and walkable corporate environment.

Immediately adjacent, and accessible via both open and covered walkways, is the single-story amenity building (Building E). Campus amenities include open work environments, expansive meeting/conference rooms, kitchen/break areas on each floor, and collaborative space. Additionally, there is a full-service Union 82 Restaurant & Gastropub restaurant and all-hands meeting area in Building E, an on-site multi-story parking structure, a bocce ball court, tennis court, sand volleyball court and numerous outdoor patios.

 

Lobby Interior                                  Image courtesy of TMG Partners

The recently completed headquarter lobby renovation and Client Experience Center offers best-in-class, curated experience for clients, featuring hospitality suites, briefing/board rooms, technology demonstration rooms, pre-function space, integrated technology as well as a multi-functional outdoor patio. Completed in late 2018, the estimated project cost was $22 million.

Newmark’s Executive Managing Director Jon Mackey, Vice Chairman Mike Saign and Executive Vice Chairman Phil Mahoney are the leasing agents for the property. 

About TMG Partners

TMG Partners, founded in 1984 and headquartered in San Francisco, is a full-service real estate development and management company. One of the most active developers in the Bay Area Region, TMG has a portfolio of more than 30 million square feet across Oakland, San Francisco, San Jose, and other Bay Area cities that includes a variety of office, retail, residential, and industrial properties, ranging from office campus and multi-story properties in urban-infill locations to mixed-use and single-story suburban buildings. For detailed information, visit TMG Partners.

About Goldman Sachs Asset Management Real Estate

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.  Established in 1991, the Real Estate business within Goldman Sachs Asset Management is one of the largest investors in real estate with over $50 billion in assets invested since 2012 across the spectrum of investment strategies from core to opportunistic.  Our global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow us on LinkedIn.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, Newmark generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow @newmark.