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CHARLOTTE-Fitch Investors Service of New York cites the area's economic strength despite growth and rising capital needs, but says funding future schools and transportation will be a challenge.

SAN DIEGO-Some 16 large sites across the county are suitable as potential homes for technology "clusters" for biotech and high-tech manufacturing, according to a new study.

SAN FRANCISCO-Expansions by some of the major biotech companies are not the antidote to the markets current ills, but the growth does bode well for the future of the industry, according to some experts.

SEATTLE-The Alexandria, VA-based REIT paid $129.3 million for a total of 995 units in Issaquah, Lynwood and Everett as part of a nine-property portfolio acquisition from developer Trammell Crow Residential.

DENVER-First Data has accelerated its building plans for a one-million sf office campus in the Meridian International Business Park. Ground has broken on a 166,000-sf phase two, which is a mirror image of a building that had opened in 1998.

ORLANDO-About 40 local movers and shakers and reporters are returning from Indianapolis today after flying there yesterday on team owner Richard DeVos' private jet to attend a National Basketball Association league game and inspect the two-year-old, $236 million Conseco Fieldhouse built largely from tax dollars and corporate donations.

WASHINGTON, DC-Fannie Mae's first quarter net income is up 16.6% over the same period last year. Net income was $1.2 billion, while earnings per share were up $1.20.

DETROIT-Albert Kahn Associates Inc. is designing the automaker's $7-million, 43,500-sf wellness center and childcare facility in Alabama. SWR Associates Inc. and Site Work Inc. are involved.