Drugs, death and a bad market: Even the feds aren't immune to the woes of Detroit real estate (Minneapolis-St. Paul Star Tribune)

DETROIT - Federal prosecutors twice pursued a former autoworker suspected of running a multimillion-dollar drug operation. The first attempt fizzled when Clarence Carson died shortly after an indictment. The second? Blame it on the collapse of Detroit's real-estate market.

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-Four heavy hitters in New York real estate--Henry Gallin, Michael Glick, Frank Sullivan and Ray O’Keefe--have teamed up to form Gallin Glick Sullivan O’Keefe, a locally based consulting firm with a national platform.

Four Industry Greats Form National Real Estate Consulting Firm - Gallin Glick Sullivan OKeefe (Business Wire via Yahoo! Finance)

NEW YORK----Real estate industry giants Henry Gallin, Michael Glick, Frank Sullivan and Ray O’Keefe announced the formation of a new national consulting firm that will help investors, lenders, corporate users, owners, government agencies and service companies formulate and execute real estate strategies to resolve challenges and take advantage of opportunities in today’s market.

Tennessee Real Estate Tycoons Enjoy $45 Million Tax Loophole While State Revenues Crater (Nashville Scene)

Raising taxes has never been a fast track to success in politics. But it's getting a little ridiculous when state lawmakers refuse to make commercial real-estate tycoons pay their fair share, especially during an economic meltdown when budget cuts are threatening sick people and college students....

Another Blow to Faltering 1031 Real Estate Industry (CoStar Group)

Already stung by cases alleging massive embezzlements and a string of failures of 1031 exchange accommodators, now comes another major blow to the business of tax-free real estate exchanges. LandAmerica 1031 Exchange Services Company Inc., one of the...