IRVINE, CA-The locally based developer has commenced construction of a 535-unit luxury apartment complex here. The project is rising on Carlson Avenue at Campus Drive.

IRVINE SPECTRUM, CA-A nonprofit organization grabs the 5,280-sf property in a deal valued at $1.1 million. The transaction comes as the South County office market is experiencing an increase in vacancy.

CORONA, CA-The New York-based firm will take 60,704 sf of industrial space in the Corona facility, according to the terms of the five-year lease. The deal is valued at $1.4 million.

SAN JUAN CAPISTRANO, CA-Ashby Enterprises snatches up the 49,703-sf industrial building in a deal valued at $4.4 million. The vast supply of industrial product in South County has begun to shrink somewhat, according to a new report on the region.

SOUTH ORANGE COUNTY, CA-New research points to a slight increase in the overall vacancy level in South Orange County's office market, as the rate has increased from 17.31% in December to 17.60% in January.

SANTA ANA, CA-The firm will consolidate its San Fernando Valley and Orange County offices into the recently leased facility in Santa Ana. According to a recent report, the county's office vacancy rate is expected to increase above the current level of 14.4% in the near term.

YORBA LINDA, CA-A manufacturer of computer memories pays $2.3 million for the Yorba Linda building and plans to move its headquarters here.

ANAHEIM, CA-A private investor snags the 43,614-sf Anaheim Medical Center, which was 92% occupied at the time of sale. Office investors continue to favor properties with low vacancy rates, as Orange County office product is still experiencing a drop in occupancy levels.