SAN FRANCISCO-The locally based fund sponsor pays $68 million for a 700,000-sf, 36-acre distribution complex that it will lease out while awaiting entitlements to reposition it.

LAS VEGAS-The locally based casino operator says its focus on profitability and lowering costs helped its earnings jump to $24 million from $2.6 million one year ago.

SAN FRANCISCO-The owner of both the brokerage firm Colliers Macaulay Nicolls and the hotel industry advisory PKF Consulting merge parts of the two units to create PKF Capital.

SAN FRANCISCO-The asset management arm of Charles Schwab & Co. launches a fund for individual investors that will invest in commercial real estate securities on a global basis.

SACRAMENTO-Countering an increasing trend in residential defaults, the delinquency in the commercial sector in California has been on the decline.

LAS VEGAS-One week after filing suit regarding Riviera Holdings denial of its cash offer for the company, an investment group looks to replace the company's board of directors.

LAS VEGAS-As part of the $1-billion renovation and re-branding the 2,567-room former Aladdin property, construction is under way for the first of two 50-story timeshare towers.

LAS VEGAS-The deal includes the Stratosphere casino resort on the Las Vegas Strip, 17 acres of Strip land, two off-Strip hotel-casinos and a casino resort in Laughlin, NV.