SANTA ANA, CA-The investment fund sells two properties to two buyers in transactions totaling approximately $4 million.

COSTA MESA, CA-The number and dollar volume of sales rise dramatically in the Inland Empire, according to an Atlas Hospitality report. Sales fall in Orange County, but the price per room rises.

IRVINE, CA-The real estate investment and management company reports lower revenues, along with a loss of $6.1 million, for the third quarter.

WEST COVINA, CA-The properties, here and in Woodland Hills, are financed in two separate deals. One is a purchase of a West Covina shopping plaza, the other a refinancing of a Woodland Hills property.

LOS ANGELES-The Chicago-based investment firm acquires the 62-story Downtown office tower from a subsidiary of Wells Fargo Bank through Transwestern's Aslan Realty Partners II. Terms aren't disclosed, but it's believed to be a $120-million sale.

LOS ANGELES-The funds provide permanent financing for seven properties comprising 280,000 sf in Southern California, Northern California and Maryland.

RIVERSIDE, CA-UltraStar Cinemas will build 16 to 18 screens in the new complex and is the first major tenant to sign at the project, according to Villaggio developer Alan Mruvka.

LOS ANGELES-The new study by Marcus & Millichap says L.A.'s apartment market continues to benefit from strong fundamentals and a constricted supply of investment deals that is pushing prices upward.