Globest Sectors

WASHINGTON, DC-Fannie Mae has announced $130 million worth of early security redemptions later this month. The five securities carry interest rates ranging from 6% to 7.6%. They are slated for April 17 and 18.

NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.

RARITAN TWP., NJ-After a 145-year run at the old Flemington Fairgrounds, the Hunterdon County will apparently do one more encore before developers move in and construct a 550,000 sf shopping center.

EDEN PRAIRIE, MN-SuperValu takes a $240-million restructuring hit and loses $1.7 billion in revenue with the defection of wholesale client Kmart. However, it plans to add up to 15 superstores and 120 smaller stores.

WHITE LAKE TOWNSHIP, MI-Brentwood Golf & Country Club is in a two-part transaction by Charleston, SC-based Golf Trust of America. Brentwood and Club of the Country in Louisburg, KS sell for a combined $5.25 million.

ATLANTA-Locally based Southwire Co., a supplier to major commercial real estate projects, has sold its Hawesville, KY facility to Century Aluminum Co. of Monterey, CA for $450 million.

MINNEAPOLIS-Padilla Speer Beardsley will anchor the four-story, 80,000-sf building, which is part of city's plans to redevelop the riverfront. The site is part of a former railroad yard and has been vacant for years.

ASPEN, CO-The upscale Aspen Club Lodge lands a new owner and management company, a move coming shortly after completion of a $2-million renovation. Northridge Capital has bought the property from IRG Aspen LLC. The deal puts Kimpton Hotel and Restaurant Group in as manager.