ALISO VIEJO, CA-Shea Properties has broken ground on Phase I of its 40-acre mixed-use project here. The first phase, which is being built by Snyder Langston, will consist of a five-story class A office building designed to encompass 177,000 rentable sf, as well as 726 parking spaces.

SAN BERNARDINO, CA-Bruce and Judy Kao pay $1.1 million for the apartment complex, which stands at 1334 and 1343 N. Arrowhead in San Bernardino. Investors continue to eye multifamily product in San Bernardino County, as the region's steady rise in population and relatively low unemployment rates provide a stable base of tenants.

IRVINE, CA-O'Neil Storage pays $4.8 million for the Irvine building. Located at 17352 Armstrong Ave., the facility has been sold by realty investor AG/Touchstone Armstrong LLC.

IRVINE, CA-Crown Associates Realty Inc. acquires the 55,200-sf, single-tenant building from Investment Building Group. The facility's sole tenant is Acuity Brands Inc., which signed a 15-year lease here prior to the sale of the building.

MISSION VIEJO, CA-The Mission Viejo retail center sells for $12.3 million. Encompassing 84,812 sf, the shopping complex is currently 96% occupied. Tenants include Kinko's, Hertz Rent-a-Car and Jack In The Box.

ORANGE COUNTY, CA-New research on the region's office market shows that the vacancy rate rose in this year's first quarter, while rents dropped. However, the region seems poised for recovery, as the same quarter experienced a decrease in construction levels and sublet space.

CYPRESS, CA-E. Realty Fund pays $3.6 million for the Cypress property, which stands at 6101 Ball Rd. The three-building complex is currently 97% occupied.

IRVINE, CA-The nation's largest provider of title insurance and real estate related products announces $1.1 billion in revenue for the first quarter of 2002, marking the third consecutive quarter that the company's revenue has exceeded $1 billion.