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 wins unanimous approval to develop 750,000-sf creative office in uptown Oakland
Multihousing Professional
TMG Partners wins unanimous approval to develop 750,000-sf creative office in uptown Oakland
by Staff

TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, last night received unanimous approval from the Oakland Planning Commission on their proposed office development at 2201 Valley in Oakland at the Commission’s regular meeting. The development will occupy a full city block between Telegraph Avenue, Valley Street, West Grand Avenue, and 22nd Street. The 750,000-square-foot office building will include approximately 10,000 square feet of ground floor retail and arts spaces.

“2201 Valley brings balance to the greater Bay Area’s traditional regional job centers and adds to Oakland’s still-burgeoning identity as the center of dynamism and diversity,” said TMG CEO Michael Covarrubias, an Oakland native. “The proposed building’s large open floors, high ceilings, and column-free spaces – made possible by the engineering required to span the BART tunnel that runs beneath the site – form the kind of creative work space ideal to growing companies.”

Located only a block from the 19th Street BART Station, 2201 Valley is designed to achieve a LEED Gold designation. The building, designed by Solomon Cordwell Buenz, has proposed fanned vertical steps that embrace the structural requirements of the BART span, and resolve into a visually distinct, stepped vertical tower broken by outdoor terraces and landscaped decks. The building lobby faces towards Broadway and the HIVE along West Grand, and the 10,000 square feet of ground floor spaces include dramatic 30-foot ceiling spaces for local retailers and artists to embrace the Uptown arts and retail community.

“Our project includes a variety of indoor and outdoor spaces for people to work and gather, supporting Oakland’s distinctive identity as a new mecca for technology and talent within the broader landscape of the Bay Area,” said Denise Pinkston, partner with TMG Partners. “Over the past year, we have worked with the public and community representatives to develop our project and believe the result is an Oakland-inspired design that makes a lasting architectural contribution to the city’s skyline.”

Benefits to the community include replacing a surface parking lot and contaminated gas station with:

  • A sustainable and uniquely Oakland workplace that reflects Oakland’s cultural and architectural tradition and enhances the Downtown
  • Ground floor retail and permanent dedicated arts spaces and installations that connect the building to the Uptown Arts community
  • An elegant design solution that addresses the significant constraints of constructing a modern building that spans the BART tunnel
  • High-quality jobs and significant revenues for the City of Oakland including $8 million in one-time fees, $7.9 million in estimated annual revenues, and over $13 million in nearby restaurant/retail sales (estimate by Hausrath Economics)

TMG currently owns and is renovating two other Oakland properties at 1330 and 2201 Broadway.