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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.

August 1, 2024

Silicon Valley Business Journal

Top of the List: Commercial Developers

by Ahavah Revis

This week we rank Greater Bay Area Commercial Developers by square feet of development in the pipeline, which includes projects that are in planning, proposed, approved and under construction.

From FivePoint Holdings’ Candlestick Park and San Francisco Shipyard to SteelWave’s Discovery Station Retail in South San Francisco, developers have over 150 million square feet of development in the pipeline. Square feet is for buildings only; parks and open space are not included.

With Google West back on track, Alphabet would have landed at No. 6 on the Commercial Developers List with 7.3 million square feet of development in the pipeline, just in San Jose alone.

The Greater Bay Area is defined as Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma counties.

We have 13 new developers on this year’s List, including Hunter Properties (No. 9) with 5.05 million square feet of development in the pipeline, N17 (No. 6), 3.19 million; Lift Partners (No. 19), 3 million; Tishman Speyer (No. 20) with an estimated 2.7 million square feet of development planned for phases II and III at Mission Rock; Holland Partner Group (No. 23), 2.27 million; WP Investments (No. 27), 1.86 million; DivcoWest (No. 28), 1.42 million; Hall Equities Group (No. 3), 1.1 million; UrbanCore Development, (No. 33), 885,000; Alexandria Real Estate Equities Inc. (No. 35), 780,196; Satellite Affordable Housing Associates (No. 36), 700,000; Longfellow Real Estate Partners (No. 37), 500,000; and Related California (No. 40), 264,000.

Square footages pertain to Greater Bay Area development as of June 2024. “In the pipeline” is defined as projects in planning, proposed, approved or under construction. This list only includes developers whose primary business is real estate and real estate development and includes only commercial developments such as retail, office, multifamily, mixed-use, industrial, PDR and lab space uses.

Information was obtained from firm representatives and SVBJ research.