BRE Properties Inc., a California real estate investment trust, is the latest target in a $22 billion apartment landlord spending spree that could swoop up Home Properties Inc. and Post Properties Inc. next.
Water exposed to radiation from Japan’s wrecked Fukushima atomic plant will reach the U.S. at safe levels, the chairwoman of U.S. Nuclear Regulatory Commission, said as the first isotopes linked to the plant near the West Coast.
The San Francisco Giants signed pitcher Tim Hudson to a two-year contract, adding the 38-year- old, three-time All-Star to a starting rotation that includes Matt Cain, Tim Lincecum and Madison Bumgarner.
San Francisco’s Bay Area Rapid Transit District rode the best rally in top-grade municipal debt since 2008 to earn historically low relative borrowing costs after settling its longest strike in 16 years.
Toll Brothers Inc. agreed to buy Shapell Industries Inc.’s homebuilding business for about $1.6 billion, gaining 5,200 lots in the Los Angeles and San Francisco Bay areas as buyer demand for housing rises.