PHILADELPHIA-The city council approves a bill that creates new Keystone Opportunity Improvement Zones for Philadelphia Naval Business Center, 30th St. Station, University City and the CSX property. KOIZ is projected to add $1.7 billion in new construction over 10 years.

PHILADELPHIA-During CoreNet Global's Eastern Regional Symposium here, Lloyd Lynford, CEO of Reis Inc., delivered a sobering look at the impact of the economy and unemployment on all segments of commercial real estate nationwide. Neighborhood shopping centers are the one bright light.

PHILADELPHIA-The locally based private investment firm sells its eight-state portfolio of American Education Centers to Pittsburgh, PA-based Education Management Corp. for $112.5 million in cash and assumption of $3.5 million in debt. Approximately 5,800 students are enrolled at AEC campuses.

PHILADELPHIA-Aramark's seniors program, which prepares and delivers 15,000 hot meals a week, is relocating from the suburbs to a new 10,800-sf facility at 1602-44 N. American St. The location qualifies for federal, state and local financing and tax incentives.

PHILADELPHIA-A gain of 25,000 jobs by year-end, combined with a construction slowdown that adds just 1.5 million sf of office space to the market this year, will limit deterioration of occupancy rates, according to research from Marcus & Millichap.

PHILADELPHIA-The pioneering researcher in the growth and regeneration of hair will move from 1,000 sf in the Port Building to a 4,000-sf, custom-designed lab at the newly renovated 3401 Market St. building. The 10-year lease is valued at $1 million.

PHILADELPHIA-The appointment of John J. Roberts expands the retail REIT's

BALA CYNWYD, PA-American Business Financial Services' exit to 234,000-sf in