PHILADELPHIA-While retaining its headquarters in Selinsgrove, PA and existing office space in Williamsport, PA, the bank holding company is centralizing operations, executive offices and information services in the former 25,000-sf training and headquarters.

PHILADELPHIA-Locally based DePaul Group opens the 16-story, 242-unit Dockside multifamily rental building at 717 S. Columbus Blvd. The building, which is shaped to resemble an ocean liner and located at Pier 30 on the Delaware River, is a precursor of additional waterfront development.

ATLANTA-After numerous delays, the Oak Brook, IL-based REIT sells its last remaining real estate asset, the 322,000-sf power center, to Northwest Festival, LLC, for $63.35 per sf. The center is 97% leased. The sale clears Banyan's path to liquidation.

ATLANTA-Two area suburban stores are included in a five-property sale/leaseback transaction between the Canton, MA-based home entertainment chain and Bellevue, WA-based GE Capital Business Asset Funding. Tweeter Sells the stores for $14.5 million and leases them back for $20 million.

ATLANTA-Billy Mitchell relinquishes his chief executive title at the locally based broker/developer firm. Bob Peterson, who joined as an executive vice president last May, assumes that title and the presidency. Tom Senkbeil, current president and chief operating officer, resigns.

PHILADELPHIA-In a two-part transaction, the Port Washington, NY-based UPREIT sells the 200,000-sf, Kmart-anchored Valmont Plaza in West Hazelton, PA and another property in nearby Manahawkin, NJ to West Hills, CA-based Armstrong Capital for $16.8 million. Acadia provides $12.6 million short-term financing.

ATLANTA-West Palm Beach, FL-based Ocwen Federal Bank sells a 195,053-sf, class-A office building on Arkwright Rd. in Highridge Centre in Macon, GA for $14.36 million to Kevin Cogan, a private investor/developer in Louisville, KY. The building is 85% leased.

PHILADELPHIA-Columbus, OH-based hedge fund Sierra Equity Partners and Sierra Brokerage Services chairman and chief executive John Christopher McCamey are accused of misrepresenting real estate tax lien certificates as "government secured" and yielding a 15% to 50% return.