LAS VEGAS-Riviera Holdings Corp. suffers a net loss of $18.3 million for the third quarter, but its ADR is up 6.5% compared to a year ago.

RENO, NV-A joint venture of L3 Development and Robert A. Cashell takes ownership of the 351-room hotel for an undisclosed amount.

SAN DIEGO-The local biopharmaceutical company sells its real estate assets to Veralliance Properties. The firm agrees to a 10-year lease to stay in the space.

NEWPORT BEACH, CA-Fundamentals for commercial property types are mostly positive, though further subprime spillover is a possibility.

"[Green building] is not a fad," said James Thomas, chairman, president and CEO of Thomas Properties Group Inc., during a panel discussion at the 17th Annual PREA conference, held last month at the Beverly Hilton Hotel.

BEVERLY HILLS, CA-With serious exposure to subprime loans ready to reset next year, California's economy will take a hit that will continue at least another 18 months, say Milken experts.

BEVERLY HILLS, CA-With serious exposure to subprime loans ready to reset next year, California's economy will take a hit that will continue at least another 18 months, say Milken experts.

BEVERLY HILLS, CA-With serious exposure to subprime loans ready to reset next year, California's economy will take a hit that will continue at least another 18 months, say Milken experts.