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RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up

Published Tue, 25 Feb 2025 22:14:44 GMT

TORONTO — The chief executive of one of the country’s most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty.Jonathan Gitlin of RioCan Real Estate Investment Trust says retail committed occupancy across his company’s portfolio edged up to 98 per cent in the first quarter of the year from 97.4 per cent in the same period a year ago.Rent per square for new leasing during the period ended March 31 was $28.57, down from $31.40 a year ago, but up from $24.10 in the prior quarter.The first quarter’s rent per square foot was even higher than the average net rent per square foot of $21.13 that it saw across the rest of its portfolio, he added.“These exceptional occupancy levels…continue to be driven by intense demand for RioCan’s quality retail space, the sort of retail space that simply put is in a short supply,” Gitlin said on a Thursday call with analysts.His remar...

Insolvencies in Canada in March up 28.3% year-over-year, report says

Published Tue, 25 Feb 2025 22:14:44 GMT

OTTAWA — The total number of insolvencies in Canada in March was up 28.3 per cent compared with the same month last year as both consumer and business insolvencies climbed higher.The Office of the Superintendent of Bankruptcy says there were 12,203 insolvencies in March, up from 9,513 in March 2022.The tally was also up 28.1 per cent from 9,526 in February this year.The increase came as Canadians have faced higher interest rates and inflation which have driven up the cost of living and stretched household budgets. The number of consumer insolvencies in March amounted to 11,768, up from 9,195 in March 2022 and 9,222 in February 2023.Meanwhile, there were 435 business insolvencies in March, up from 318 in the same month last year and 304 in February this year.This report by The Canadian Press was first published May 11, 2023.The Canadian Press

Boy, 14, charged with first-degree murder in shooting outside South Side fast food restaurant

Published Tue, 25 Feb 2025 22:14:44 GMT

CHICAGO — A 14-year-old boy has been charged in the fatal shooting of a man outside a fast food restaurant on the city's South Side.Police said the teen faces one felony count of first-degree murder.The shooting happened around 9:40 p.m. Tuesday in the 2100 block of East 71st Place. Police said a man was arguing with the teen in front of a fast food restaurant, when the 14-year-old fired shots. Man fatally shot during argument outside fast food restaurant on South Side The man was transported to University of Chicago Medical Center with multiple gunshot wounds to the body and was pronounced dead.The teen was arrested about an hour after the shooting and was charged accordingly.

Leaders gather at interfaith breakfast to pray for mayor-elect

Published Tue, 25 Feb 2025 22:14:44 GMT

CHICAGO — Fresh off a trip to Washington D.C., advocating for more dollars for the city, mayor-elect Brandon Johnson gathered with faith leaders to pray Thursday morning.Several hundred people were in attendance at the interfaith breakfast just days Brandon Johnson gets sworn in as Chicago's next mayor. Several religious leaders prayed for Johnson's leadership and unity for the city. "I pray that as we stand here, there is a difference between unity and uniformity," Imam Tariq El-Amin from Masjid Al-Taqwa said. ‘Blossom’ the cow thriving after Niles senior prank "I am confident today Chicago that the colors that wrap us and cover us in this moment will be enough to transform not just the city of Chicago but the entire world," Johnson said.After the mayor-elect spoke to the crowd, they surrounded him, stretching arms and prayed for his strength and to never give up. Johnson also announced more staffing decisions for key positions with a new incoming budget director and chief f...

Michael Jordan’s famed ‘Dream Team’ Olympic jacket heading to auction

Published Tue, 25 Feb 2025 22:14:44 GMT

The jacket that Michael Jordan famously and grudgingly wore while receiving an Olympic gold medal has been in Brian McIntyre’s possession for more than three decades now.He figures the time is right to let someone else enjoy it.The red, white and blue Reebok jacket that Jordan — a Nike athlete — was forced to wear on the medal stand alongside the other members of USA Basketball’s first “Dream Team” at the 1992 Barcelona Olympics is headed to auction. Sotheby’s, which has the offering that will run through June 28, estimates that the jacket could fetch anywhere from $1 million to $3 million. WGN at 75: How Channel 9 covered Michael Jordan’s historic 1988 All-Star Weekend “I’ve enjoyed it and it’s just the right time to do this,” McIntyre said. “And it’s easier to do this than it is to leave things for my kids.”Jordan is aware of the decision to auction the jacket, McIntyre said.FILE - United States' Scottie Pippen, left, Michael Jorden, center, and Clyde Drexler rejoice, Aug. 8, 19...

Texas law enforcement entities show support after Cameron police officer killed on duty

Published Tue, 25 Feb 2025 22:14:44 GMT

CAMERON, Texas (KXAN) -- Several Texas law enforcement entities have shown support for the Cameron Police Department after an officer was killed on duty late Wednesday night. According to the Milam County Sheriff's Office, it happened during a response to a report of a gunshot victim around 11 p.m. Wednesday. Cameron Police, the Milam County Sheriff’s Office, Rockdale Police and the Texas Department of Public Safety responded to the incident. Cameron officer, suspect killed in shooting MCSO said the suspect opened fire on law enforcement personnel, and law enforcement fired back. The suspect was shot and killed, and a Cameron officer was wounded and taken to a hospital where they died.The last time a Cameron police officer was killed in the line of duty was 1935, according to the Officer Down Memorial Page. Several law enforcement entities have taken to social media to show support for the Cameron Police Department. The Lago Vista Police Department offered thoughts and prayers in ...

What did Title 42 do, anyway? A look at US immigration policies and how they're changing

Published Tue, 25 Feb 2025 22:14:44 GMT

WASHINGTON (AP) — The U.S. is putting new restrictions into place at its southern border to try to to stop migrants from crossing illegally and encourage them instead to apply for asylum online through a new process. The new rules come with the end of coronavirus restrictions on asylum that have allowed the U.S. to quickly expel migrants at the U.S.-Mexico border for the last three years. Those restrictions have often been referred to as Title 42, because the authority comes from Title 42 of a 1944 public health law that allows curbs on migration in the name of protecting public health. Congress has passed no immigration reform in decades.Disinformation is swirling and confusion is setting in during the transition. A look at the new rules (and the old ones):WHAT IS TITLE 42 AND WHAT DID IT DO? Title 42 is the name of an emergency health authority. It’s a holdover from the Trump administration and it began in March 2020. The authority allowed U.S. officials to turn away migrants who ...

Lake George Beach Club hosting Travis Gray, more

Published Tue, 25 Feb 2025 22:14:44 GMT

LAKE GEORGE, N.Y. (NEWS10) - The Lake George Beach Club is plugging in for the summer. This weekend, the lakeside venue brings live music to Lake George for a suitably sunny weekend, for the annual Summer Warm Up. Get the latest, news, weather, sports and community events delivered right to your inbox! A full weekend of music is in store at 3 Lower Montcalm St. on Friday-Sunday, May 12-14. The lineup includes:Friday, May 12Travis Gray - 5 p.m.The Refrigerators - 9 p.m.Saturday, May 13Travis Gray - 5 p.m.Funk Evolution - 9 p.m.Sunday, May 14Travis Gray - 2 p.m.Pat Decker - 5 p.m. Schuylerville, Fort Edward get canal grants The Lake George Beach Club will serve up its menu of food and drink, with both bars running through the weekend. A Mother's Day brunch will also be held on Sunday. The Summer Warm Up is just one opportunity for live music coming this summer in Lake George. See the full list.

Road closure planned along State Route 29 in Johnstown

Published Tue, 25 Feb 2025 22:14:44 GMT

JOHNSTOWN, N.Y. (NEWS10) -- On Wednesday, May 17, State Route 29 will be closed in both directions to facilitate culvert replacement work. The project is expected to be completed around Tuesday, June 6. Get the latest, news, weather, sports and community events delivered right to your inbox! The closures impact three miles along Route 29 from the intersection with County Road 116 to just west of the intersection of County Road 131 (Meco Road). Motorists can follow the signed detour that includes County Road 156 to State Route 67 to County Road 116 to State Route 29. The detour will be in place through June 6.

NYS Attorney General suing gun accessory maker in connection to Tops mass shooting

Published Tue, 25 Feb 2025 22:14:44 GMT

BUFFALO, N.Y. (WIVB) -- New York State Attorney General Letitia James is taking action against a gun accessory manufacturer that her office connected to the perpetrator of the Buffalo mass shooting. Get the latest, news, weather, sports and community events delivered right to your inbox! The announcement comes days before the anniversary of the horrific incident where 10 Black people were killed and three others were injured in a racially motivated attack at the Tops on Jefferson Avenue.A lawsuit has been filed against Mean Arms, which James' office says aided in the illegal possession of assault weapons in New York, including that which was used by the mass shooter in Buffalo."New York law bans the possession of assault weapons and high-capacity magazines that hold more than 10 rounds of ammunition," James' office says. "Mean Arms manufactures, sells and distributes a magazine lock, known as the MA Lock, that is marketed as a device to lock a magazine onto a semiautomatic rifle. ...