COSTA MESA, CA-Having subdivided the nine-building Costa Mesa complex to allow for the sale of individual facilities, Werdin Corp. is targeting 1031 exchange buyers. Werdin originally acquired the property, The Waters at Creekside, in January 2001.

IRVINE SPECTRUM, CA-W. L. Butler Construction Co. snatches up the 13,727-sf building, which stands at 7 Goodyear. Buildings in this small to mid-sized range continue to be hot sellers in the Orange County industrial market.

FULLERTON, CA-Work wraps up on the $6.6-million industrial project, which encompasses 216,706 sf. The complex consists of three buildings, which stand on a 10.91-acre parcel at the corner of Moore Avenue and Gilbert.

LAKE FOREST, CA-Lumenyte International inks a $1.3-million, five-year lease to occupy an industrial building here. The company has already moved to the new location from its previous facility in Irvine Spectrum.

ORANGE, CA-The company inks a 5-year lease for 9,418 sf of office space here and plans to relocate from its current Santa Ana headquarters in July. The transaction is valued at $1.2 million.

SAN JUAN CAPISTRANO, CA-Encompassing 36,000 sf, the facility stands on a 3.2-acre parcel in the San Juan Capistrano Business Park. The building is currently leased by United Rental, Indian Motorcycles, Enterprise Rent-a-Car and a classic automobile showroom.

SAN JUAN CAPISTRANO, CA-Point Center Financial, a private money alternative lender, takes 8,619 sf of office space here. The new tenant joins Picerne Financial, The Delta Group and Anderson Jones at the two-building complex.

ORANGE COUNTY, CA-The office market's biggest stumbling block these days is a surplus of space, according to new research on the region. This excess of space will cause an increase in vacancy rate and a decrease in rents, which is expected to continue throughout the rest of the year.