NEW HAVEN, CT-Metropolitan Funding Corp. reports that it has closed a $9-million refinancing transaction for 59 Elm St., a 107,000 sf office building here.

TRENTON-AES Power Direct is pulling out of the New Jersey market, citing losses tied to rising energy costs. The move is considered a blow for the deregulated energy market here.

BRISBANE, CA-The locally based publisher of Business 2.0 magazine says it will remain here, on North Hill Drive, and is no longer negotiating an anchor tenancy in FuturePlex LLC's $200 million San Francisco office development that is under construction.

ATLANTA-The 359-unit apartment project is going up in Brookwood, off 26th Street, at an estimated construction cost of $115,599 per unit. The rent range is $900 to $1,600 per month with penthouse space at $2,000-plus.