PHOENIX-The Greater Phoenix Income Properties sells its last multifamily holding, the 274-unit Desert Sky Apartments along West McDowell Road. The buyer, also from Phoenix, gets the 80%-leased property at 10% below the asking price.

PLANO, TX-Margaux Development and Granite Properties have bought 9.2 acres in East Plano for a 100,000-sf, Kroger-anchored center. In Crowley, they are working a 125,000-sf first phase while awaiting clearances for three more in other Dallas-Fort Worth suburbs.

OAKLAND, CA-After repositioning the property and raising occupancy, the joint venture sells the 109-unit Grand Lake Terrace in Oakland's Adams Point district off Lake Merritt to a private family trust for $12.25 million. The property was 94% occupied at the time of sale.