PHILADELPHIA-Federated dashes hopes that Center City would retain both of the department stores it acquired here.

PHILADELPHIA-Federated dashes hopes that Center City would retain both of the department stores it acquired here. Macy's will replace Lord & Taylor in the Wanamaker Building and the 621,000-sf Strawbridge's will close in June.

PHILADELPHIA-Federated dashes hopes that Center City would retain both of the department stores it acquired here. Macy's will replace Lord & Taylor in the Wanamaker Building and the 621,000-sf Strawbridge's will close in June.

BOCA RATON, FL-In a restatement of financials that adopt new timeshare accounting practices, the timeshare and communities company reports earnings of $6.9 million on sales of $120.3 million for fourth-quarter 2005.

PHILADELPHIA-The City Council approves a tax increment financing district for a 308,000-sf Lowe's-anchored shopping center.

PHILADELPHIA-The city council approves a tax increment financing district at 52nd and Jefferson streets for a 308,000-sf grocery-anchored shopping center. Goldenberg is developing the center in partnership with a West Philadelphia nonprofit.

SUNNY ISLES BEACH, FL-Waterbrook plans to begin construction of the 27-story Da Vinci on the Ocean condominium this December. Units range from 2,133-sf two bedrooms to 4,985-sf penthouses. Prices begin at $1.3 million.

SUNNY ISLES BEACH, FL-Waterbrook plans to begin construction of the 27-story Da Vinci on the Ocean condominium this December. Units range from 2,133-sf two bedrooms to 4,985-sf penthouses. Prices begin at $1.3 million.