TMG Partners has acquired Skyport Plaza, a 435,000-square-foot office and retail complex located at 1650 Technology Dr., 1700 Technology Dr., 50 Skyport Dr. and 90 Skyport Dr. in San Jose. TMG Partners acquired the asset together with accounts managed by KKR. The seller was Hudson Pacific Properties, which announced a $75.5-million sale price.

In conjunction with the acquisition, TMG signed a long-term, 393,000-square-foot lease with the County of Santa Clara. The 30-year lease is expected to commence in the first quarter of 2029, following extensive renovations to the two office buildings, formerly occupied by Qualcomm and now 100% vacant. The retail is fully occupied.

“We’re pleased to support the County of Santa Clara in their consolidation at Skyport Plaza which will provide a more efficient and modern experience for their employees,” said TMG co-CEO Ben Kochalski. “We look forward to working with them on the property improvements to modernize the infrastructure for their staff, as well as provide a location where they can conveniently access services and restaurants.”

Slate Asset Management and One Investment Management have agreed to acquire a portfolio of eight grocery-anchored retail parks in Norway from Tellus Eiendom AS for approximately €250 million (US$279 million). The portfolio is located in the Greater Oslo region and is anchored by Norway’s leading grocery operators and discount retailers.

“We are pleased to be expanding our European Essential real estate platform with this significant acquisition,” said Brady Welch, co-founding partner of Toronto-based Slate Asset Management. “These eight retail parks sit in dominant locations along major transport corridors around Oslo. The portfolio is anchored by Norway’s strongest grocery operators and benefits from CPI-linked lease structures, designed to provide durable, inflation-protected cash flows. We look forward to applying our active management to unlock the portfolio’s full potential through value-add enhancements.”

The portfolio is dominated by essential tenants serving non-discretionary, everyday needs, including Coop, NorgesGruppen and Reitan Retail, three of Norway’s largest and most established grocery operators. The acquisition builds on Slate and OneIM’s existing partnership and follows their investments in a portfolio of five grocery-anchored retail properties in Greater Copenhagen, as well as a portfolio of four essential real estate properties in Germany.

Slate Asset Management has been advised by Schjødt, ABG Sundal Collier, Crowe and Veridian.

Pacific Retail Capital Partners (PRCP) has formed a joint venture with Conversant Capital LLC to acquire Pacific View Mall in Ventura for an undisclosed sum. The JV combines PRCP’s retail operating and leasing expertise with Conversant’s flexible capital capabilities and deep experience investing across real estate asset classes to acquire the 884,000-square-foot property. PRCP will assume leasing and operational responsibilities.

“Pacific View is a well-established retail destination with a distinctive position along Ventura County’s coastline, and we are pleased to partner with Conversant on the acquisition,” said Steve Plenge, PRCP’s CEO and founder. “The property has served the Ventura community for more than six decades, and we look forward to continuing to build on its strong foundation alongside our new partner.”

Located at 3301-1 E. Main St. in Ventura, Pacific View opened in 1964 and is the only enclosed super-reginal mall in its 25-mile trade area.

Stockdale Capital Partners and funds managed by Hamilton Lane have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air lifestyle center in the Inland Empire community of Chino Hills. The $157-million acquisition was led by Stockdale, with Hamilton Lane as a co-investor.

“The Shoppes at Chino Hills represents an opportunity to acquire a true ‘Main Street’ retail environment in one of Southern California’s most desirable and supply-constrained submarkets,” said Bastian Peters, who, along with Jeff Bhathal, heads Stockdale’s retail platform. “With its strong demographics, experiential tenant mix, and embedded growth potential, the property aligns perfectly with our strategy of acquiring high-quality retail destinations where we can unlock additional value.”

Post-closing, the property will be renamed The Shops at Chino Hills. Additional plans for its rebranding, remerchandising, and repositioning strategy will be divulged in the coming months.

The property was marketed for sale by the CBRE team of Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup in the firm’s Irvine office.

Cushman & Wakefield, along with locally based buyers DMJ Capital Partners, LLC and StoneSteps Real Estate, LLC, announced the acquisition of a multi-tenant office property, located at 169 Saxony Rd. in Encinitas, for $13.5 million. The property was previously held in a family trust, having been owned and operated by the seller and her late father for more than 24 years.

The seller was represented by Brooks Campbell, Louay Alsadek, Peter Curry, and Maddie Mawby with Cushman & Wakefield. DMJ Capital Partners and StoneSteps Real Estate represented themselves.

“As a sign of the strong investor demand for well-located office properties in San Diego, we received multiple offers from active investors,” said Campbell.

Built in 2001, the two-story coastal office asset encompasses 40,270 rentable square feet and was 69% leased at the time of sale. Cushman & Wakefield has been appointed as leasing agent for the property.

CIM Group completed the acquisition of Domain WeHo, a 166-unit apartment community in West Hollywood, in partnership with Hulic Co., Ltd. Although terms were not disclosed, LA Business First reported that the previous owner, RREEF Property Trust, paid more than $103 million in 2019.

Domain is a seven-story building with 9,185 square feet of ground-floor retail located at 7141 Santa Monica Blvd. west of La Brea Avenue, a major business corridor and active neighborhood with several restaurants, retail and entertainment venues as well as creative offices. Opened in fall 2017, Domain offers studio, one- and two-bedroom residences, including 33 designated as affordable.

According to LA Business First, Domain WeHo sits kitty-corner to the studio campus The Lot at Formosa, also owned by CIM Group. Last year, the firm transferred ownership of the property to a shell company controlled by CIM as part of a recapitalization.

The conversations behind tomorrow’s apartment deals happen at Connect Apartments on September 22 in LA. Connect with the capital sources, owners, developers, and brokers driving multifamily investment. Learn more and reserve your seat at www.connectapts2026.com.

Redwood West, in partnership with Panattoni, has acquired The Pike, Long Beach, a waterfront retail, dining and entertainment lifestyle center. Although Redwood West and Panattoni did not identify the seller or sale price, SITE Centers Corp. announced separately that it sold the 394,616-square-foot center for $50 million. Northmarq’s Investment Sales team led by Bryan Ley and Tim Kuruzar arranged the transaction.

Located at 95 S. Pine Ave. and delivered in 2003, The Pike is 91% leased. Its tenant roster includes Restoration Hardware, Cinemark, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks.

The new ownership plans to invest $20 million into the property, with a focus on new leasing, supporting existing tenants and creating opportunities for community engagement and activation. “The Pike’s waterfront is one of Long Beach’s greatest assets,” said John Pomer, principal of Redwood West. “Our vision is to create a vibrant gathering place with experiences, events, and public spaces that invite residents and visitors to connect with the community year-round.”

French retail real estate giant Unibail-Rodamco-Westfield (URW) said Wednesday it is acquiring full ownership of its Westfield UTC shopping center in San Diego from its joint venture partner. The $705-million acquisition will be funded with a combination of cash and up to 2.6 million new shares to be issued by URW.

Acquiring the remaining 50% stake in the 1.2-million-square-foot open-air center will be subject to URW’s share price and customary closing conditions. The deal excludes certain land parcels that will continue to be owned by the JV.

In a statement, URW said, “The acquisition of Westfield UTC, one of the best retail assets in the U.S., would further enhance URW’s unparalleled portfolio of flagship assets in some of the most attractive urban markets in Europe and the U.S. It is fully consistent with [URW’s] ‘A Platform for Growth’ 2025-2028 business plan and targeted return profile.”