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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.

April 2, 2019

San Francisco Business Times

TMG Partners promotes top executive

by Emily Fancher

Developer TMG Partners has promoted top executive Matt Field to president.

Field was CIO at the San Francisco-based developer and will continue to lead the firm’s investment committee along with Development Director David Cropper and CEO and Chairman Michael Covarrubias.

“In his capacity as chief investment officer, Matt successfully executed his strategic direction on individual developments which strengthened the overall portfolio,” Covarrubias said in a statement. “As president, Matt’s responsibilities will include guidance on all TMG properties and transactions across the region.”

The company recently opened a Silicon Valley office with the hiring of Ben Kochalski, a former John Buck Co. executive who spearheaded the development of Park Tower in San Francisco. Park Tower was leased by Facebook last year in the largest deal in the city’s history.

Field joined TMG 26 years ago and has managed buying and selling properties, overseeing $3.5 billion in deals since 2003, according to the firm. Field has also spearheaded ground-up development.

TMG — which had 4.5 million square feet in its Bay Area development pipeline as of 2018 — has active projects throughout the region. Its pipeline includes:

A planned 1.1 million-square-foot office campus near San Jose's Diridon Station and search giant Google's future campus in the heart of the city. The site at 440 W. Julian St. is known as Platform 16. TMG is working with San Jose-based Valley Oak Partners and Boston Properties on the proposal.
A 450-foot-tall, 750,000-square-foot office tower in Uptown at 2201 Valley St., which was recently approved in Oakland.
The proposed 88 Bluxome St. project, which would replace the San Francisco Tennis Club in Central SoMa. Pinterest has pre-leased 490,000 square feet in the 1 million-square-foot project, which is a joint venture with Alexandria Real Estate Equities.
The redevelopment of the California Pacific Medical Center at 3700 California St. into 273 homes. Grosvenor America is working with TMG on the proposed Presidio Heights project.