ORANGE COUNTY-All three sectors of the regional economy--high-tech, tourism and construction--are expected to slow down in the second and third quarters while construction will continue to give the county an economic boost, according to a recently released economic forecast.

ORANGE, CA-A binding distributor has inked a $1.2 million lease at the North Orange Industrial Park, bringing the complex's occupancy level up to 100%. Industrial demand continues to soar in the county's tight market, especially from small to mid-sized users.

ORANGE, CA-The county's industrial market continues to tighten, as a Toronto-based distributor, relocating its distribution center from Santa Ana, snatches up a 20,970-sf industrial building in Orange for a five-year term.

FULLERTON, CA-The Fullerton Industrial Park has been sold to a Hartford, CT-based investment group. Although the parties involved in the transaction would discuss financial details, brokers in the area say the deal is worth about $17 million.

LOS ANGELES-JB Oxford & Co. has renewed a commitment for 22,502 sf of office space in Beverly Hills, the latest affirmation that many financial-services firms think LA-based companies still have upside potential.

SANTA ANA-The ordinance limits the length of time visitors may stay at hotels in which 25% or more of the guests are actually living there. It will not affect hotels that are used mainly by leisure and business travelers.

LOS ANGELES-Shell construction has begun on two speculative industrial buildings being developed by LA-based Robertson Properties Group. The larger of the two buildings will be a 372,542-sf, cross-dock facility.

ORANGE COUNTY, CA-International House of Pancakes signs 25-year lease valued at estimated $3 million to open new restaurant at Anaheim Town Square. The current building, previously occupied by Jolly Rogers, will be torn down and a new restaurant built in its place.