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.

BLOOMINGDALE, IL-Folio Group, Inc. explores other northern DuPage County locations before settling on 280 Madsen Dr. in this western suburb. The building was developed by ProLogis.

SAN JOSE, CA-A new director of leasing and two new reps are hired for the Rockville, MD-based REIT's master planned mixed-use community scheduled to open here in mid-2002 with 680,000 sf of shops and restaurants.

BERKELEY, CA-A two-building downtown complex at the corner of Addison Street and Shattuck Avenue is fillin gup with arts organizations. About 13,500 sf of ground-floor retail space remains available at $2.25/sf.