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”.
San Francisco Business Times
Big S.F. developers team up to buy vacant Market Street mall

Biotech real estate giant Alexandria Real Estate Equities Inc. and TMG Partners are teaming up to buy 6x6, a mall near Union Square in San Francisco that has sat vacant since it was built.

Terms of the deal were not disclosed, but Alexandria, one of the region's largest biotech developers and landlords, confirmed that it closed on the purchase of 945 Market St.

"We are excited to be bringing this important property under local control and look forward to securing a mixed-use project with a strong retail presence," Pasadena-based Alexandria (NYSE: ARE) said in a statement.

Cypress Equities, a Dallas-based developer, completed the $150 million, 264,000-square-foot 6x6 project in 2017, but it hasn't attracted any retail tenants. The developer later secured city approval to convert 50,000 square feet to office.

The project sits a few blocks from Union Square, San Francisco's premier shopping district. The location in Mid-Market continues a years-long transformation from rundown and crime ridden to a neighborhood now home to tech companies, new hotels and thousands of new homes.

Neither Alexandria nor TMG would comment about their specific plans for the property.

San Francisco-based TMG Partners is one of the Bay Area's largest development companies with about 6.3 million square feet of space in their pipeline. Alexandria has more than 5 million square feet along the Peninsula — from San Francisco's South of Market district and Mission Bay, where it has been the primary biotech developer and a partner with the Golden State Warriors in two office towers on the team's new Chase Center arena site, through South San Francisco and to near Stanford University.

Seth Siegel, a broker with Cushman & Wakefield who was not involved in the sale, said 6x6 offers "a good opportunity to reposition a new construction project."

"Alexandria has had success branching out of Mission Bay with other projects in San Francisco," Siegel said.

In 2017, Cypress Equities CEO Chris Maguire told the San Francisco Business Times that adding some office tenants to 6x6 would accommodate "retailers that want to have a showroom with space for office."

"We have this unique interest for office, so if it makes the project better to have it, we'll have it," Maguire said. "We may never pull the trigger on office here, but this isn't fundamentally different from the way we envisioned this project. This is a retail project, so if the retail is not successful, the project is not successful."