WASHINGTON, DC-Fannie Mae will start issuing a new series of Subordinated Benchmark Notes early in 2001. The debt funding is part of a package of voluntary enhancements.

WASHINGTON, DC-Legislation assisting landowners with brownfields revitalization was signed into law Dec. 22. The new law allows owners to expense clean-up costs, as opposed to capitalizing them, until Jan. 1, 2004.

WHITE PLAINS-GHP Office Realty reports the city has leased more than 7,000 sf of space at 7-11 South Broadway, a building the Scarsdale-based development firm has under contract to purchase in early 2001.

FT. WORTH-Crescent Real Estate Equities wants its employees to know the corporation cares. In an ongoing effort to improve administrative-employee relations, Crescent has opened an on-site lounge targeting new or would-be mothers or workers who just need a few minutes quiet time.