BIRMINGHAM, AL-The Alabama REIT and its subsidiary, Colonial Realty LP, are replacing their $300 million revolving facility due April 2003 with the new financing package from a banking consortium headed by SouthTrust of Birmingham, AL, Wachovia of Charlotte and Wells Fargo of San Francisco.

SAN ANTONIO-The Randolph-Brooks Federal Credit Union is going up on 20 acres at the intersection of Interstate 35 and Loop 1604 in the northeast corridor. When completed, the administration center will house 400 workers.

LONDON-A local council has given the go-ahead for the biggest single leisure development in Welsh history, the pounds 1 billion ($1.57 billion) Dragon International film studio complex.

MARLBOROUGH, MA-Berwind Property Group closes on its purchase of the 540,000-sf 3Com campus. The Philadelphia-based privately held real estate investment firm paid $57.8 million for the property, which will be partly leased back by 3Com.