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.
Silicon Valley Business Journal
Boston Properties partners with TMG on massive San Jose office development near Diridon, Google village
by Marlize van Romburgh

Boston Properties, one of the largest office space developers in the U.S., has teamed up with two Bay Area firms on a planned 1.1 million-square-foot office campus near San Jose's Diridon Station and search giant Google's future campus in the heart of the city.

Boston Properties said Wednesday that it has entered into a 65-year ground lease agreement with San Francisco-based TMG Partners and San Jose-based Valley Oak Partners for the site at 440 W. Julian St. known as Platform 16. Financial terms of the deal were not disclosed.

TMG and Valley Oak last year secured final city approvals for the project.

“At the site of one of the biggest technology hubs in the country, Platform 16 will help companies attract and retain the best and brightest minds to the area by offering easy access to public transportation, housing, culture, food and entertainment in the heart of San Jose," Boston Properties Executive Vice President Bob Pester said in a statement.

The 5.4-acre project is slated to include three office buildings, designed by New York City-based architecture firm Kohn Pedersen Fox Associates.

The developers emphasized that the project will feature "large floorplates" ranging from 25,000 to 90,000 square feet. The buildings will have 15-foot floor-to-floor heights, 16 outdoor terraces, indoor and outdoor workspaces and amenities including a fitness and wellness facility and conference center.

“TMG and Boston Properties share the vision of a modern office campus that addresses the top priorities of today’s growing companies: a location uniquely transit-accessible, access to affordable housing with San Jose the number one housing-to-jobs ratio in the Bay Area, and a facility that promotes collaboration and efficiency through large floorplates and multiple outdoor spaces,” Matt Field, TMG's chief investment officer, said in a statement. “The building’s location will also allow employees to enjoy an exciting urban environment with the adjacent SAP Center, San Pedro Market, and the wide variety of cultural, culinary, and entertainment experiences in downtown San Jose.”

The developers said they expect demolition to begin this spring and to break ground this summer, with an estimated completion date "as early as 2021." Boston Properties will have a one-year option in February 2020 to acquire the land at a fixed cost, it said.

Sherman Chan, Mark Schmidt, Mike Charters and Will Schmidt of CBRE are marketing the project for lease on behalf of Boston Properties and TMG.

"This planned development will help bring thousands of jobs into our city center with easy access to public transit, and include a number of public space improvements that will help connect the Guadalupe River Park to Platform 16 and the rest of the Diridon Station area," San Jose Mayor Sam Liccardo said in a statement.

The Platform 16 project is adjacent to Alphabet Inc.-owned Google's plans to build a sprawling, transit-connected urban campus in San Jose for as many as 20,000 workers. Those plans, which are still in the early stages, moved forward last year when the city agreed to sell a spate of publicly owned parcels near downtown to the company for almost $100 million.