Steward Health Files Chapter 11 After Medical Properties Deal
Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
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Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance.
One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Jul 19, 2016
The Canadian Press
TORONTO -- Commercial real estate firm CBRE says Toronto has the lowest downtown office vacancy rate in North America.
A new report says the vacancy rate in Toronto's office real estate market dropped to 4.9 per cent in the second quarter of the year.
That's a decline of 40 basis points compared to the first quarter of the year, when the vacancy rate was 5.3 per cent.
CBRE says vacancy rates in the office market in downtown Toronto have been going down since 2013, thanks to strong demand from tenants.
That's despite the fact that almost four million square feet of new space has come onto the market since then.
In terms of industrial space, Vancouver has overtaken Toronto to have the lowest availability rate in the country, dropping to 3.6 per cent during the second quarter, a decrease of 50 basis points from the previous quarter.