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Vacancy rates in Canada’s office leasing market rose during the first quarter, as millions of square feet of available space returned to the market and private sector companies delayed leasing decisions.
The Quebec Professional Association of Real Estate Brokers says Montreal home sales were down in May from last year but showed signs of picking up from recent lows.
The day before Ilija Batljan stepped down from troubled Swedish landlord SBB, creditors sent a letter to the firm’s board claiming it had breached the terms of its bonds.
Park Hotels & Resorts Inc. has stopped making payments on a loan tied to the Hilton San Francisco Union Square and the Parc 55 San Francisco, two of the city’s largest hotels, dealing another blow to a downtown struggling with remote work and mounting public safety concerns.
Singapore will host its last horse race next year as the government reclaims land for urban development, bringing an end to a sports club that traces its history back to 1842.
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