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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.

September 21, 2012

San Francisco Business Times

TMG strikes deal with Samsung for Cypress site

by J.K. Dineen and Blanca Torres

It turns out that San Francisco-based TMG Partners is not only crushing it in San Francisco, but in Silicon Valley as well.

In a joint venture with Farallon Capital Management, TMG Partners has reached a 15-year build-to-suit deal with Samsung Information Systems America Inc., a Samsung Electronics subsidiary, for a new campus at Cypress Business Park. The project is at 625-685 Clyde Avenue in Mountain View. Studios Architecture of San Francisco is the architect, and Devcon Construction is the general contractor.

The research and development center will relocate from its current facility in North San Jose to the 8.5-acre site and expand to two new six-story class-A office buildings totaling approximately 385,000 square feet, with parking structures. The new facility will be oriented around a central plaza with views overlooking the adjacent Sunnyvale golf course.

The building will be constructed to LEED Gold standards. Entitlements are in process and anticipated for completion in the second quarter of 2013 with a targeted occupancy in the fourth quarter of 2014.

Matt Von der Ahe and Hyoung Chon-Yeun, both of CBRE, represented the tenant.

TMG Partners has completed 2 million square feet of sales deals in the last year or so, most recently selling 680 Folsom St. to Boston Properties in a stock and cash transaction valued at $340 million, which works out to about $650 a square foot. The city currently assesses the property at $70 million, presumably the number that Rockwood/TMG bought it for.

On top of that is the $170-million construction loan that the sellers secured to transform it from an obsolete, concrete telephone building into a modern, glass-skinned office building designed by Skidmore Owings & Merrill.

Early in the year, TMG and DivcoWest sold 1275 Market St. to Dolby for about $110 million, having bought it a year before for $44 million.