Real Estate News – April 19, 2011

Hollywood’s Famous Sign Elicits Few Hoorays From Its Neighbors (via

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

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):

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

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

Foreclosure Crisis Triggers S&P Credit Downgrade (via

Palm Springs man charged with bilking renters with foreclosed home (via