BRE Properties Inc. is in talks to be acquired by Essex Property Trust Inc. for about $4.5 billion in cash and stock, a deal that would create the largest publicly traded apartment landlord on the U.S. West Coast.
Bitcoin, the virtual money former Federal Reserve Chairman Alan Greenspan called “a bubble,” was accepted as payment in the purchase of a Tesla Motors Inc. Model S electric car at a California Lamborghini dealership.
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.
Bitcoin, the digital money created as an alternative to currencies controlled by nations and banks, is finding that its wider adoption depends on both as governments in China and the U.S. demand enthusiasts play by existing rules.
Tesla Motors Inc. rose the most in almost six months after its Model S electric car was cleared of any defect in a German review following three recent fires and two analysts said the events won’t hurt the business.