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.
The Registry
TMG Sells 250 West Tasman in North San Jose for $37.6MM
by Jon Peterson

San Francisco-based TMG Partners has sold the 95,550 square foot 250 West Tasman Drive office building in North San Jose for $394 per square foot or $37.6 million, according to sources familiar with the transaction.

TMG declined to comment on the sale price of the property when contacted for this story. The property was acquired by GEIRINA, a China-based energy company. The company was represented in the transaction by Kidder Mathews through its China serves team. This realty company was led by Skip Whitney, partner and executive vice president, and Eric Bluestein, partner and executive vice president. Due to a non-disclosure agreement, Whitney could not comment on the purchase price of the property.

“The China-based buyer is planning to use the building for its corporate headquarters building in the United States. It will not be taking all of the space in the building. It has not been determined how much actual space it will be occupying. Any space that it doesn’t take will be leased to other tenants,” said Whitney.

The new owner of the company will have the benefit of having less expensive source of energy. “This building is located in an area that has a power source that is not coming from PG&E and was setup when Cisco had owned the building. It will give the new owner energy that costs 20 percent less than the rest of San Jose,” says David Cropper, director of development.

When the property was sold there were no tenants in the building. “We would have been happy with either a lease or sale of this building. Because of the situation when we sold the asset, there was no cap rate associated with sale of the property,” said Cropper. TMG sold the building with Colliers International and JLL. The listing agents were Craig Fordyce and Mike Rosendin of Colliers and Scott Mathisen of JLL.

TMG had owned the property in a venture with New York City-based The Fortress Group. “We both had agreed that either a lease or a sale of 250 West Tasman would have been a good option for us,” said Cropper. They had purchased the former eight-building Cisco campus in September of 2013 for $153.7 million. One year later it sold half of the buildings to San Francisco-based Shorenstein for around $100 million. There are tenants in the remainder of the project, which include ForeScout Technologies and Silver Spring Networks.

Cisco had moved out of the buildings in various stages. It occupied one of the buildings as late as January of 2014. The tenant left two other buildings over the next year. TMG had added some improvements to 250 West Tasman. This included painting the outside and new landscaping.