There are several areas that are semi common for your vehicle to leak coolant from. The thermostat, expansion tank, and bleeder screw are all common. The bleeder screw is a couple dollars, tank about $225, and thermostat closer to $400.
Of course these are just common areas, not inclusive. The vehicle really needs to have a coolant pressure test run on it to see where the leak is coming from, and go from there on the repairs.
The noise you hear from the AC could be associated with the coolant leak if coolant is leaking on the belt causing it to slip. It could need a new belt, or it could need a new tensioner etc. Once again, hard to tell for sure. Belts are under $100, the pulley $215. Once again, just the common guesses on what could be wrong.
All prices I quoted are estimates, and include parts and labor.
Thanks!
Jared
Service Advisor
Level 3 Certified BMW Service Advisor