CHARLOTTE-The locally-based retailer will be relocating an undetermined number of the 300 workers to its new $9.2-million, 367,000-sf automated center in Blythewood, SC, near Columbia, SC, 200 miles south of Downtown Charlotte.

ATLANTA-Indicating that returns were not up to snuff, the locally-based multifamily development/management company has sold a majority interest in its apartment properties for $60 million to Philadelphia-based CMS Cos. Gables and CMS are now joint-venturing those assets.

WASHINGTON, DC-Fannie Mae is redeeming $790 mil in recallable midterm notes on Jan. 18, according to company officials. The notes carry interest rates averaging 6.4% and maturity dates from Sept. 2001 through Dec. 2002.

RICHARDSON, TX-Stanford Microdevices has inked a five-year lease for 20,832 sf at 1212 E. Arapaho Rd. The company plans to occupy the site in July in a move that will more than quadruple its office space.