LOS ANGELES-The Long Beach City Council has issued a notice to Ohio-based Developers Diversified, saying approval for massive Queensway Bay mixed-use development may be yanked if financing can't be found soon. The builder blames problems on theater bankruptcies.

ORLANDO-The Florida offices of the Indianapolis, IN-based developer were named Outstanding Developers of the Year for breaking ground on 1.6 million sf of office and distribution product with an estimated value of $200 million during 2000.

WASHINGTON, DC-Fannie Mae is redeeming $250 million in recallable mid-term notes with a maturity date of July 2, 2012. The redemption date is Jan. 2, 2001. The company says it's an issue of cost-effectiveness.

NEW YORK CITY-The question and answer period of a conference call yesterday (Thursday, Dec. 21) to discuss the impact of the late-night signing of the deal for stockholders had officials on the defensive.