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.
Globe St.com
Yahoo Approved for 3M-SF Campus
by Natalie Dolce

Yahoo Inc. won approval Tuesday night from the Santa Clara City Council's 7-0 vote for the construction of its 3-million-square-foot campus here. City Council members certified the environmental impact report, and have approved the proposed development of 13 structures to be built on 48 acres between Old Ironsides Drive and Patrick Henry Drive for the Sunnyvale-based technology company.

As GlobeSt.com previously reported, the 46-acre campus, which the company acquired the assemblage here back in 2006 from San Francisco-based TMG Partners has been in the entitlement process for about a year and a half.

Yahoo currently owns and leases approximately 1.8 million square feet in Sunnyvale, where it is headquartered, and leases an additional 419,000 square feet on Great America parkway in Santa Clara. Yahoo filed an application for entitlements for the new campus development in nearby Santa Clara a little more than a year and a half ago. The city's planning department began reviewing the draft environmental impact statement late last year.

Yahoo Inc. did not return GlobeSt.com queries for comment, however a Yahoo spokesperson previously told GlobeSt.com that there is no timeline for development or firm plans for how the campus would be utilized. While Yahoo isn't providing any cost estimates either such an undertaking would easily top $1 billion, according to local development sources.

The property is located between Old Ironsides Drive and Patrick Henry Drive off of Tasman Boulevard, next to a light rail station. TMG assembled the contiguous acreage in multiple transactions beginning in 2001. The bulk of the property is a 40-acre former Siemens campus that holds 600,000 square feet of single-story R&D-type buildings. The buildings are "mostly vacant" and house no Yahoo employees, according to the spokesperson.

Yahoo! reportedly evaluated more than 50 Bay Area sites from San Francisco to San Jose. One of the key factors in its search was proximity to its headquarters in Sunnyvale.

At the time Yahoo acquired the property, TMG Partners chief executive Michael Covarrubias told Globest.com that Yahoo would eventually scrape the site and build 2.5 million square feet of office space in multiple mid-rise buildings, which would put it on par with Google's headquarters in nearby Mountain View. Covarrubias said TMG would "work with" Yahoo on securing the entitlements "and hopefully more," referring to the possibility of managing the development side of things as well.