PHILADELPHIA-Husband-and-wife owners of three area restaurants buy the 222-seat former Bobby's Seafood Restaurant on West Chester Pike between the city and West Chester, PA. They plan to open Teikoku, an upscale Japanese-Thai eatery with a tea-garden setting.

ATLANTA-The 126,619-sf retail center, off I-75 in Byron, GA near Macon, sells for $2.35 million. The buyer of the 68%-leased, 14-year-old mall, Peach Festival Outlet LLC, sees opportunity in the adjacency of Robins Air Force Base. Tenants include Levi and Dress Barn.

ATLANTA-Joseph Swanson, owner of numerous businesses in the Southeast and Southwest and a 30-year investor and developer of real estate in Tennessee and Florida, joins the board of the Murfreesboro, TN-based REIT that specializes in long-term health care facilities.

ATLANTA-In the wake of accounting scandals, a survey by locally based CoreNet Global found that 30% of corporate real estate executives and asset managers will stop or reconsider using "synthetic" leases that take company property off the balance sheet.

ATLANTA-Locally based Flight Concepts International signs for five years at 4357 Park Drive, taking the building in the 230-acre, mixed-use center in Norcross, GA to 79% occupancy.

PHILADELPHIA-In three separate transactions, 120 local multifamily rental units change ownership at prices ranging from $15,242 per unit to $34,722 per unit. The largest of the class-C buildings, Ivy Court in the East Oak Lane section, was in receivership.

PHILADELPHIA-The long-awaited action paves the way for a group of four Pittsburgh-based foundations and the Regional Industrial Development Corp. to develop a mixed-use center on the 178 acres that has sat idle since LTV closed its steel mill in 1997.

PHILADELPHIA-In a 23-page lawsuit, described by Fidelity National Information Systems' executive vice president as "dij` vu all over again," FNIS charges the board with forcing consumers into slow and costly appraisals for mortgage applications. FNIS prevailed in an Oregon suit.