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The article reports on the commitment obtained by Mills Corp. from Goldman Sachs & Co. to provide the real estate investment trust with financing of up to 2.23 billion dollars in Arlington, Virginia. The investment trust consists of a senior term loan of up to 1.48 billion dollars and a first mortgage of about 746 million dollars. According to Mills Corp. chairman and CEO, the financing commitment is part of the company's initiative to attain greater flexibility with their facilities.

Reports on the acquisition of six retail properties by the Mills Corp. in two different transactions in Arlington, Virginia. Terms of the deal; Advantages of consolidation.

In a crucial step that may finally lead to the development of Block 37, key executives at Viacom Inc. have all but signed off on a plan to build a showcase television studio for WBBM-TV/Channel 2 on the vacant Loop parcel. Viacom has been negotiating since early last year with Mills Corp., the Virginia-based company picked by the city to develop the long-empty 2.7-acre site into a massive mixed-use complex. That would be good news for a site the city has struggled to develop since clearing it in 1990. Sitting on the southwest corner of the parcel, the television studio would look out on Daley Plaza, giving it the potential to generate the same sort of promotional buzz that Channel 5 has reaped.

Provides information on real estate developer Mills Corp. of Arlington, Virginia. Appointment of Ronald Weidner at the company; Plans of the company according to chairman and CEO Laurence C. Siegel; Information on the projects planned by the company; Background on the project Meadowlands Xanadu.

Mills Corp. has sold a 50% stake in the Opry Mills mall in Nashville to Kan Am Grund, a German real estate fund, for $158.1 million. The price includes the assumption of $89.3 million of debt on the 1.2 million-square-foot shopping complex, Mills said in a press release Friday. Mills, which is based in Arlington, Virginia, said it plans to use the proceeds to fund its mall developments, reduce the outstanding balance on its line of credit, and for general corporate purposes.

Reports that Virginia-based Mills Corp. has won negotiation rights to redevelop the Meadowlands sports complex in East Rutherford, New Jersey.