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”.

2019

San Francisco Business Times
Why it won:
San Francisco Business Times
Social media website Pinterest Inc. has signed a 490,000-square-foot lease in a proposed office complex in Central SoMa as the company's potential IPO edges closer.
San Francisco Business Times
TMG Partners has snapped up Ben Kochalski of John Buck Co. who has led high-profile San Francisco projects like Park Tower and One Steuart Lane, to head up a new Silicon Valley office.
Haute Living
Even if you have not crossed paths with Michael Covarrubias in business or socially, it’s likely that as a Bay Area resident you have had indirect contact with Covarrubias.
San Francisco Business Times
TMG Partners and Invesco Real Estate have snapped up an office building at 600 Battery St. in San Francisco's Jackson Square, marking TMG’s second stint owning the site.
Multihousing Professional
TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, last night received unanimous approval from the Oakland Planning Commission on their proposed office development at

2018

GlobeSt
The acquisition of the 24-story, 522-000-square-foot downtown office building is the second purchase by TMG and KKR in Oakland this year.
The Mercury News
Michael Covarrubias is a key player on both the finance and building sides of the development coin.
San Francisco Business Times
WeWork’s rapid Bay Area expansion continues with another outpost coming to Oakland.
San Francisco Business Times
Global investment firm KKR & Co. is the new owner of 1330 Broadway, a recently revitalized Oakland office tower.
Silicon Valley Business Journal
One of the largest proposed projects in downtown San Jose has gotten its final approval from city officials.
San Francisco Business Times
Effect No. 5: Cities prioritize commercial development over adding housing
Northern News
Denise Pinkston is a partner with TMG Partners, San Francisco. She has 30+ years of experience in real estate, planning, and project management. Before joining TMG Partners, Ms.
Bay Area Council
On Tuesday, the Bay Area Council Housing Committee showed appreciation to Denise Pinkston, Partner at TMG Partners and former Housing Committee Co-Chair.
San Francisco Business Times
Why it won: The fight to develop an office project on the site of a tennis club at Fifth and Brannan street brought out figurative pitchforks and high-profile na
San Francisco Business Times
Why it won: After years of passing on Oakland, TMG Partners made its first deal in the city by snatching up 1330 Broadway in an off-market, $80 million deal in 2
The Mercury News
SAN JOSE — A big tech village in downtown San Jose is moving forward, an ambitious project that could bring 5,000 jobs to a site that’s adjacent to a separately proposed Google transit-
San Francisco Business Times
Oakland’s office development boom is surging into 2018 with another big project in the works. TMG Partners wants t
The Registry
TMG-VOP Julian, LLC, a joint venture between TMG Partners of San Francisco and Valley Oak Partners, LLC of San Jose, announced today a Site Development Permit Application to the City of San Jose to

2017

San Francisco Business Times
A new group unites 50 government officials, developers, labor leaders and tech execs to seek consensus where others have failed, and strike a 'Grand Bargain' over housing in the Bay Area.

2023

2020

2019

2018

2017

2016

2013

San Francisco Business Times Real Estate Deals of the Year
San Francisco Business Times Real Estate Deals of the Year
San Francisco Business Times Real Estate Deals of the Year

2012

San Francisco Business Times Real Estate Deals of the Year
San Francisco Business Times Real Estate Deals of the Year

2011

2010

California Department of Housing and Community Development

2009

2008

San Francisco Business Times Real Estate Deals

2007

PG&E and Alameda County Environmental Health Services

2006

Silicon Valley Business Journal Book of Lists
San Francisco Business Times Book of Lists
San Francisco Business Times Book of Lists
California’s Leading Commercial Developers — Real Estate Resource

2005

2004

San Francisco Business Times Book of Lists

2003

2002

San Francisco Business Times Book of Lists

2001

San Francisco Business Times Book of Lists

2000

1999

1998

1997