We have investigated (III-V-N) semiconductor laser structures grown by Molecular Beam Epitaxy (MBE) using photoreflectance and photoluminescence at various temperatures. The investigated laser structures all contain quantum well, and some of them have buffer layers. We have studied effects of rapid thermal annealing and buffer layer on the optical properties. All the principal optical transitions in strained (III-V-N) semiconductor laser structures were analyzed. The matrix transfer algorithm was used to calculate transition energies and electronic wavefunctions of the quantum well. The transitions involving the confined quantum states are compared with observed spectral features. The distribution of the calculated electronic wavefunction may explain the intensity variation of the spectral features.