NREI WIRE

“From beginning to end, it could be a 10-year process,” Bruce Berkowitz, whose Fairholme Fund holds one of the largest stakes in the mortgage-finance giants, said in a June 16 interview.

MarketWatch asks if San Francisco is facing a bubble. Co-working spaces begin to take off in suburban office buildings, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

Vornado and Related will put about $630 million of their own money into the makeover. They plan to recoup their investment by leasing about 700,000 sq. ft. of new commercial space.

The Stamford, Connecticut-based Land & Buildings encouraged HBC to focus on monetizing its real estate portfolio.

Following are some of Anbang’s largest purchases.

U.S. housing starts in May came in below expectations, reports The Associated Press. Dollar Tree’s plan for Canadian expansion is risky, according to Reuters. These are among today’s must reads from around the commercial real estate industry.

Amazon agreed to pay $42 a share in cash for the organic-food chain, including debt, a roughly 27 percent premium to the stock price at Thursday’s close.

The bonds will be sold through a Wisconsin agency, the Public Finance Authority, that specializes in acting as a conduit for risky debt.