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.
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.
Google Inc. is opening showrooms in six U.S. cities, promoting its latest products and stepping up retail efforts against Apple Inc. and Microsoft Corp. as the year-end holiday shopping season gets under way.