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.

WASHINGTON, DC-The Freedom Forum has closed a $100-million deal with the city to purchase land at the northeast corner of Pennsylvania Ave. and 6th St. NW to move the forum and an interactive news museum here.

WASHINGTON, DC-The Greater Washington Commercial Association of Realtors elected Scott Johnston, a vice president at Spaulding & Slye Colliers, as its president for 2001. Johnson specializes in the Downtown market.

WASHINGTON, DC-The American Seniors Housing Association is separating from the National Multi Housing Council and setting up shop at 5100 Wisconsin Ave. NW, Suite 30. The two agencies will continue to cooperate in mutually beneficial areas.

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.

RICHMOND,VA-Charter One Mortgage Corp. is planning to move its national headquarters to a more than 90,000-sf office building at Colonial Place at Virginia Center when the new site is finished.

WASHINGTON, DC-Southern Energy Inc. has paid Potomac Electric Power Company $2.75 billion, including permitted capital expenditures, for four power plants, an office site, and assorted assets throughout the region.