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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 39 years. As much as we have accomplished over the last three 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 over three 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 & CEO

As the Bay Area’s economy has grown over the last three 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 FieldChief Investment Officer

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 39 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

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.

December 11, 2012

The Registry

TMG Partners + Alcion Ventures Acquire 153K SF Class A Office Building in North San Jose

TMG Partners, one of the San Francisco Bay Area's largest mixed-use property developers, with equity partner Alcion Ventures LP, announced the acquisition of a four-story, 153,000-square-foot Class A office building at 2851 Junction Avenue in San Jose.

Kaufman Jacobs sold the property for an undisclosed sum.

"The acquisition is an ideal Class A office building in North San Jose which, although constructed to current design standards, we will have the opportunity to further renovate and improve in order to continue to take advantage of the strong tenant demand for institutional quality buildings," said Michael Covarrubias, chairman and CEO of TMG Partners. "We are confident of the continuing attraction for tech companies to the San Jose area."

Located in the Montague Park area of North San Jose near major technology companies, the office building was built in 2002 and until recently was fully occupied by the County of Santa Clara, which vacated last week. Each of the steel-framed building's four floors has a 38,108-square-foot floorplate. While some capital expenditures have been made over the years, TMG will immediately embark on a substantial renovation of the project to include a new lobby, common areas, restrooms, outdoor eating areas and upgraded sustainable landscaping and electric vehicle charging stations in addition to other upgrades to the property.

Mark Ziemendorf of Cornish and Carey, Newmark Knight Frank represented the seller. The buyers represented themselves.