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.
The Mercury News
Big developers strike deals for mega tech campus in downtown San Jose
by George Avalos

SAN JOSE — Three big developers have grabbed a stake in what’s deemed to be a potentially game-changing project in downtown San Jose, a proposed million-square-foot tech campus perched near the banks of the Guadalupe River and the edge of Google’s future transit village.

Boston Properties has obtained an interest in the Platform 16 tech campus, a city-approved project being developed by TMG Partners and Valley Oak Partners that’s expected to be marketed to one or more tech or telecommunications giants.

The involvement of Boston Properties in Platform 16 suggests that a widening array of major developers are interested in downtown San Jose. In recent months, big players such as Jay Paul, John DiNapoli, Sobrato Organization and Gary Dillabough have either bought large properties at key development sites, or have unveiled plans for major projects on properties they own.

“National developers are recognizing downtown San Jose as a primary, urban market,” said Nick Goddard, a vice president with Colliers International, a commercial realty brokerage. “Downtown San Jose is no longer a secondary, or tertiary market.”

The Platform 16 project is bounded by Autumn Parkway, West Julian Street, North Autumn Street and a railroad line, and is just south of a Target store that’s part of the bustling San Jose Market Center. It’s also on the edge of areas where Google has collected numerous properties for a future transit-oriented development near the Diridon train station and SAP Center.

Boston Properties has obtained an option to buy at least a portion of the Platform 16 development site and also has bought a ground lease from TMG and Valley Oak Partners on the property, according to several Santa Clara County public documents. Boston Properties paid $2.8 million in multiple transactions to obtain the ground lease and purchase options, with the most recent one occurring on Jan. 23, the county records show.

A ground lease means TMG and Valley Oak are renting land for the development to Boston Properties, and Boston would own one or more buildings that would be constructed on the site. Boston and TMG didn’t comment about the specifics of their joint efforts, when asked by this news organization to discuss the situation.

Separately, TMG and Valley Oak, acting through an affiliate, have paid $38.2 million to buy the site through a series of transactions, with the most recent one occurring on Jan. 24.

The joint venture of TMG and Valley Oak also has obtained a $30.1 million loan to finance its purchase of the land and existing buildings on the 5.4-acre site, county documents show.

The Boston Properties interest in the site would bring to the project a company with plenty of financial muscle to add to the considerable resources of TMG and Valley Oak Partners. During the one-year period that ended in September, Boston Properties, a real estate investment and development company, earned $527.6 million on revenue of $2.67 billion, according to the Yahoo Finance site.

“Boston Properties is one of those developers with ongoing relationships with big tech companies,” said Bob Staedler. principal executive with San Jose-based Silicon Valley Synergy, a land use and planning consultancy. “Boston Properties getting involved with Platform 16 is more fuel for the fire for downtown San Jose.”

TMG and Valley Oak have gained final approvals from the city to build the campus, which would consist primarily of three big modern office buildings. The sellers of the parcels for the campus were trusts controlled by the Michael Akatiff family or an Akatiff company called Pacific Coast Cycle, the county documents show.

“Downtown San Jose is a proven commodity,” Goddard said.