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Rental housing investor Starlight halts distributions on two funds, citing variable-rate mortgage woes

Starlight Investments, one of Canada’s largest owners of apartment buildings and multifamily properties, is halting monthly payouts on two of its funds, another sign that higher interest rates are causing trouble across the real estate sector – even for the most sophisticated managers and investors. Starlight, which owns $25-billion worth of properties and real estate …

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Allied Properties REIT explores selling assets worth $1.3-billion to ease debt woes after interest rates soar

Michael Emory, CEO of Allied Properties REIT, stands in the lobby of offices on Adelaide in Toronto.Ashley Hutcheson/The Globe and Mail Office property owner Allied Properties REIT AP-UN-T is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of …

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Ford recalls over 634K SUVs due to fuel leaks and fire risk

DEARBORN, Mich. (AP) – Ford Motor Co. is recalling over 634,000 SUVs worldwide because a cracked fuel injector can spill fuel or leak vapors onto a hot engine and cause fires. The recall covers Bronco Sport and Escape SUVs from the 2020 through 2023 model years. All have 1.5-liter, three-cylinder engines. The Dearborn, Michigan, automaker …

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Webb telescope captures first look at an exoplanet’s atmospheric breakdown

(CNN) — The James Webb Space Telescope has captured a detailed molecular and chemical portrait of a faraway planet’s skies, scoring another first for the exoplanet science community. WASP-39b, otherwise known as Bocaprins, can be found orbiting a star some 700 light-years away. It is an exoplanet — a planet outside our solar system — …

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Trump’s taxes: US Supreme Court clears way for handover of returns to Congress

Mark Sherman, The Associated Press Published Tuesday, November 22, 2022 3:19PM EST Last Updated Tuesday, November 22, 2022 4:21PM EST WASHINGTON (AP) – The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee …

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