PHOENIX-The Gaines Investment Trust spends $26.5 million for the 350-unit Ventana Apartments in Scottsdale and then drops another $18 million on the 380-unit Ridge Apartments--all in one day. It's the trust's first foray into the metro Phoenix market.

SACHSE, TX-The 95,325-sf shopping center, ticketed to open in May, has lined up a dry cleaners, styling salon and nail salon for the first phase of the Oak Grove Plaza, being anchored by a 62,825-sf Kroger Signature store.

VENICE, CA-An example of live-work spaces that have become popular on the Westside of Los Angeles, the 28,000-sf complex was fully occupied at the time of the sale. The chairman of Altemus-Warner leads the buying partnership.

NOGALES, AZ-A Scottsdale investment group uses a 1031 Exchange to gain title to the 107,249-sf Loma Linda Shopping Center. Tenants such as Walgreens, Safeway and Factory-To-U sweeten the investment proposition.