UAE’s $35 Billion Egypt Deal Marks Gulf Powers’ Buying Spree
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
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Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
New York Community Bancorp Inc. has had one of the most tumultuous quarters in recent banking history. Its first-quarter earnings will probably reveal more about impacts from the drama — and management’s plan to move forward.
Donald Trump’s longtime personal assistant, who worked for his real estate empire for decades, told a jury that she has a “vague recollection” of seeing Stormy Daniels at Trump Tower sometime before 2015.
The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
Jun 19, 2019
BNN Bloomberg
,Toronto has quickly become a global hub for shared work spaces, a new report says.
Canada’s largest city ranks third behind London and New York in the rate of new shared office openings, according to research by CoworkingResources. A new space opens every 13 days in Toronto, compared with every five days in London and 7.5 days in New York, the report says.
Vancouver was the only other Canadian city to crack CoworkingResources’ top 50 markets for new shared offices, coming in at number 31 with a new space opening every 40.7 days.
The report by CoworkingRescources tracked all coworking office openings from June 2018 to April 2019.
Coworking spaces have become increasingly popular in recent years as companies look to cut costs. CoworkingResources says rising real estate prices have pushed many small- to mid-sized businesses to explore shared spaces. In Toronto, demand for office space has outpaced supply, leading prices to surge to more than $35 per square-foot in the fourth quarter of 2018, according to CBRE. That’s a $2.50 increase year-over-year, making it the second priciest market in Canada, behind Vancouver.
The report adds that shared work spaces are at an all-time high and growing rapidly globally. The number of spaces has nearly tripled worldwide since 2015 and is expected to surpass 20,000 offices soon.
WeWork Cos., the industry’s largest player with more than 600 global locations, recently filed for an IPO. Analysts believe the listing could end up being the year’s largest behind Uber Technologies Inc.