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 Gains Full Approval for New SoMa Office Development in San Francisco
The Registry
TMG Gains Full Approval for New SoMa Office Development in San Francisco
By Jon Peterson

San Francisco-based TMG Partners has been given full unanimous approval by the planning commission of the City of San Francisco for the development of a new office project located at 501-505 Brannan. At this point the developer has not filed for a building permit, according to an e-mail from the City of San Francisco.

“We are expected that we will be starting our project sometime in early to mid-2015. This project already falls under the current provisions of Prop M, so we don’t have to worry about that at this time,” says Matt Field, chief investment officer with TMG. He envisions a development time frame that will last 24 months from start to finish.

The company is prepared to start the project without a tenant if need be. “We would begin the development on a spec basis if we have to. We do have time on our side. The San Francisco office market continues to be very strong from a demand perspective,” said Field.

TMG figures that it will attract a variety of kinds of tenants. “Obviously, technology based tenants are having a big impact on the office market in San Francisco. Our opinion is that this segment of the industry and others will be attracted to our site,” said Field.

TMG is planning on developing a six story 85-feet tall project. According to an e-mail from the Planning Department for the City of San Francisco, the development will include up to 137,446 gross square feet of office space, 732 gross square feet of retail space and 66 off-street parking spaces.

The City of San Francisco stated in a board meeting document several reasons for approving the project. These include the existing site is underdeveloped for current zoning limitations and is within an area that can accommodate growth under current zoning controls. The authorization of the office space will allow for new businesses in the area, which will contribute to the economic activity in the neighborhood. The project is consistent with the intent of the MUO District, which is to encourage office uses, and does so at a location that is central to multiple transit options.

The project on Brannan is located in the SoMa West sub-market in San Francisco, according to data from the San Francisco office of Colliers International. This sub-market has only one office building under construction, and this is the building at 85 Bluxome Street, which broke ground last week. The Bluxome development site is practically on the same block as the proposed TMG development.

The sub-market has tightened up over the past quarter. Colliers stated in its third quarter 2014 research & forecast report that the vacancy rate was reduced from 6.3 percent to 5.6 percent between the second and third quarters. There is a total of 3.5 million square feet in the sub-market spread over 41 buildings.