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”.

2012

The Wall Street Journal
Social-game maker Zynga Inc. said it will pay $228 million to purchase its 670,000-square-foot San Francisco headquarters, according to a regulatory filing Monday.
San Francisco Chronicle
Zynga Inc. is using some of the money it generated from the sale of virtual buildings in games like "CityVille" to buy a real building — its own headquarters in San Francisco.
San Francisco Business Times
Macys.com, one of San Francisco's fastest growing technology tenants, has leased 250,000 square feet at 680 Folsom St.
California Newswire
San Francisco Mayor Edwin M.
San Francisco Business Times
Guitar Center plans to open its new location in the TMG Partners' Emeryville Public Market on Friday.

2011

San Francisco Business Times
Now comes the interesting part.
The Wall Street Journal
Zynga has expanded its San Francisco headquarters at 650 Townsend St. since it signed the lease last fall.
San Francisco Business Times
Big tech firms circle SoMa renovation
San Francisco Business Times
TMG Partners is renovating about 60,000 square feet of the Public Market in Emeryville to prepare for a major overhaul of the existing 14-acre retail and office complex into a pedestrian-oriented n
The Registry
The red-hot San Francisco apartment market, driven by robust job creation and still expensive for-sale housing, is drawing more projects to break ground.
RENTV.com
In a major NoCal acquisition, The Sobrato Organization, in partnership with TMG Partners, paid $91 mil for 500 Terry Francois, a six-story, 291k sf ($313/sf) Class A office property located on the
Silicon Valley / San Jose Business Journal
Driven by the prospect of a 2013 San Francisco America's Cup and Salesforce.com's recent $278 million land acquisition in nearby Mission Bay, the Port of San Francisco received an unexpecte

2010

San Francisco Business Times
Two Bay Area redevelopment projects have secured additional funding from the state's Catalyst Projects for California Sustainable Strategies Pilot Program.
California Department of Housing and Community Development
Sacramento - The California Department of Housing and Community Development (HCD) will host award announcement and celebration honoring Catalyst Projects designated under HCD's
StopWaste.org
StopWaste.Org Announces Business Efficiency Award Winners
San Francisco Business Times
Zynga on Friday was finalizing the biggest new office lease in San Francisco in nearly five years, taking up about 270,000 square feet at the Townsend Center at Townsend and Eighth streets in San F
San Francisco Business Times
In the sizzling world of South of Market real estate, all roads these days lead to TMG Partners.
San Francisco Business Times
Michael Covarrubias and his firm TMG Partners are known for taking on the hairiest Bay Area real estate, broken projects with high vacancy, tough entitlements, or structural shortcomings.
San Francisco Business Times
Fast-growing tech companies drove San Francisco's leasing market to its first quarter of growth since 2008, a trend that seems to be strengthening even as financial service and law firms contin

2023

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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