Real Estate News – April 19, 2011




Hollywood’s Famous Sign Elicits Few Hoorays From Its Neighbors (via WSJ.com): http://on.wsj.com/dPPRQs


Discount retailer Dollar General and its top competitor Family Dollar plan to open more than 900 new stores and create more than nine thousand new jobs this year (via foxnews.com): http://fxn.ws/erZNgi


A bill introduced in the U.S. House of Representatives would waive withdrawal penalties on certain retirement plans if the funds were used to buy a house that has been in foreclosure for a year or more, HousingWire reports (via REALTORMag): http://bit.ly/i8PLJj


Lenders would be required to make sure prospective borrowers were able to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday (via Reuters.com): http://reut.rs/eFTbdV


Another tenant has left Block E in downtown Minneapolis. Panchero’s Mexican Grill closed its skyway level shop Friday and confirmed Tuesday that it wasn’t allowed to stay in the retail complex because of the mall owner’s development plans. A company spokesman said the chain hopes to find another downtown spot (via StarTribune.com): http://bit.ly/fVDwJt


Foreclosure Crisis Triggers S&P Credit Downgrade (via housingpredictor.com): http://bit.ly/faMqK6


Palm Springs man charged with bilking renters with foreclosed home (via palmbeachpost.com): http://bit.ly/eWbuDh