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Squirrel Hill properties adjacent to hotel project sell for $2M (BizJournals)
A stretch of Squirrel Hill properties adjacent to a planned $50 million hotel and condo project has sold for nearly $2 million.

One Liberty Properties, Inc. Announces Results of Dividend Elections (Business Wire via Yahoo! Finance)
GREAT NECK, N.Y.----One Liberty Properties, Inc. announced the results of its stockholders' elections relating to its quarterly dividend of $.22 per share, payable on April 27, 2009 to record holders of March 30, 2009.

Conneaut head suggests dumping industrial park (Star Beacon)
A proposed industrial park on the city's East Side, in the planning stages for years, could prove to be an expensive failure, City Manager Robert Schaumleffel Jr., told City Council Monday.

Commercial real estate (Houston Chronicle)
LAND: Vasudev Properties purchased 7.5 acres on Garden Road in Pearland from the estate of Luther Sawyer. Mauris Hardcastle of Hardcastle Real Estate brokered the sale.

Redevelopment board hands out grants (Daytona Beach News-Journal)
The Holly Hill Community Redevelopment Advisory Board has awarded two commercial property improvement grants for April. Mapleleaf Garden Condominiums Association Inc., 1202 Ridgewood Ave., was given $5,000 for pressure washing and painting estimated to cost $10,000. New Heights Community Church, 340 Flomich St., was awarded $3,000 for walkway and other exterior upgrades estimated to cost $6,000.

FD council buys buildings (The Fort Dodge Messenger)
Fort Dodge officials continue to buy property near First Avenue South and 13th Street to prepare for possible new development there. On Monday, the City Council bought two buildings from Michael Buhr and Mary Ann McSweeny Buhr, of Fort Dodge, for a total of $285,000. One building, which houses McSweeny's School of the Performing Arts at 101 S. 13th St., was purchased for $155,000.

Sublease office space spikes as metro economy tightens (BizJournals)
Sublease space in Birmingham’s office market more than tripled in the first quarter of this year, according to a local market report.

Recognized Expert on IRC Section 1031 Like-Kind Exchanges, Kelly Alton, General Counsel at Nationwide Exchange ... (Business Wire via Yahoo! Finance)
----Nationwide Exchange Services: CONTACT: Shilpa Mysoor, 310.276.7731 or smysoor@nesf.com WHEN: Saturday, April 25, 2009 10:00 A.M. - 3:00 P.M. WHERE: Nationwide Exchange Services 50 West San Fernando St., Suite 300 San Jose, CA 95113 COST: The event is complimentary with lunch provided For more information, contact: info@nesf.com

Mexico City Office Buildings Swayed by Earthquake (Bloomberg)
April 27 (Bloomberg) -- Mexico City was shaken by a magnitude-6.0 earthquake that caused office buildings to sway and prompted workers to step outside seeking safety. There were no immediate reports of injuries or damage.

Opportunity found in battered REITs (Asbury Park Press)
When a seasoned real estate investor like Ross Meredith admits to being scared, you know it's time to do your homework before leaping back into a battered market.