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.
Developers' 1.2M SF Central SoMa Project
Bisnow
Developers' 1.2M SF Central SoMa Project, New Pinterest Office Get Green Light
by Dean Boerner

The project that hauled in San Francisco's largest office lease so far this year now has approvals.

The San Francisco Planning Commission awarded Alexandria Real Estate Equities and TMG Partners full approvals on Thursday for their 1.2M SF mixed-use development within the city's newly rezoned Central SoMa area. In March, Pinterest signed a lease for 490K SF of the then-unapproved project in a deal illustrating the red-hot demand for office space in the city.

Currently the location of the San Francisco Tennis Club, 88 Bluxome St. is now being readied for approximately 775K SF of office, up to 118 affordable housing units and 134K SF of new space for the tennis club. Developers expect construction on Phase 1, which includes the 775K SF of office and part of the affordable housing building, to begin in 2020, with the office space coming online in 2022. 

The project taps into the dwindling office space allowed under San Francisco's Proposition M, a citywide cap on the amount of office space allowed to be approved every 12 months (starting each October). Before approval of the 88 Bluxome St. project, the available allocation was at 2.1M SF, according to the San Francisco Business Times.

With its full-project approval, the 88 Bluxome project brings that number down to about 1.3M SF of available office space. Alexandria Real Estate Equities anticipates other tech and also life science tenants joining Pinterest in the complex, which is already 60% pre-leased by Pinterest and the tennis club.

"88 Bluxome will bring an exceptional mix of much-needed community benefits and retail amenities to SoMa while it provides a dynamic campus environment to spur innovation," said Senior Vice President Terezia Nemeth, who heads real estate development and community relations for Alexandria.  "We have worked closely with the city of San Francisco and our community partners to effect a new model for urban development, one that supports the world's leading innovators, embraces excellence in sustainability and takes a holistic approach to engaging and activating the community."

The development will involve the ground-up construction of three buildings between 85 and 243 feet and a combined 17K SF of retail and restaurant space. The major office development that beat 88 Bluxome St. to become the first to win approval in the newly upzoned Central SoMa area, Tishman Speyer's 598 Brannan St. development, did so on the first of two phases.

Its second phase, which calls for 211K SF of the total 922K SF of office space, has yet to receive approval, with the city beginning to approve projects in phases to manage Prop M allocations. Alexandria Real Estate Equities and TMG Partners' 88 Bluxome St. project is the first office development in the Central SoMa Plan area to receive full approval.