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WASHINGTON, DC-Fannie Mae and Freddie Mac agreed to greater financial disclosure, allaying concerns that the two government-sponsored home mortgage lenders are growing too quickly, but not silencing political critics. The deal would require them to issue new subordinated debt as insurance against financial crises.

WASHINGTON, DC-Preferred Real Estate Investments plans to buy and renovate a vacant 480,000-sf office building overlooking the Anacostia River in Washington, DC, taking advantage of plans to redevelop this dilapidated industrial waterfront.

PORTLAND-Williams Communications, a major fiber-optic player based in Tulsa, OK and Centennial Real Estate Corp., a Dallas-based real estate investment company, are each planning to develop a telecom facility in Northwest Portland.

ORLANDO-The locally-based firm is moving the corporate offices of Earth Lore Ltd. here but leaving the firm's production and distribution plants in Canada. The amount of space being sought is undetermined.

PHOENIX--Just weeks before its scheduled to open, the Collier Center, a $500-million office, hotel and retail project in the heart of downtown, has landed another major tenant, one of the state's up and coming law firms.

RICHMOND, CA-Essex Property Trust Inc. has purchased 26.5 acres in the Hilltop neighborhood for $10.3 million. The Palo Alto-based REIT says it will immediately begin construction of 504 apartments units.

HOUSTON-Ariel of France is relocating into a 45,000-sf office/warehouse structure that it has bought from Work Flow Management in the Northwest Industrial Park. It plans to hang a for sale sign on the Brookhollow West building.

LOS ANGELES-The 280-unit Maple Hill Apartments in Fontana, acquired by a private partnership based here, is fully leased.