BOSTON-Boston Properties reports in its first quarter results of 2002 funds from operations of $88.9 million. The company's portfolio comprises 144 properties totaling more than 41.2 million sf, including 10 properties under development totaling 4.3 million sf.

CHULA VISTA, CA-An emergency increase of development impact fees has won city approval. Officials say the 87% increase is needed to help pay for a new $63 million police station and $37.6 million civic center renovation.

SAN FRANCISCO-With demand office space continuing to lag, Tishman Speyer Properties is considering turning the top half of 555 and 575 Market St. into high-rise residential units.

AUSTIN-Caring Family Network now occupies 10,997 sf of a 40,000-sf office building, owned by Lakequest Enterprises, in Austin's northeast submarket. With a rising submarket vacancy, the renewal is good news.