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Essex seeks to buy BRE in $4.48 billion apartment deal that points to economy's strength

2013-12-10 02:55:11| Real Estate - Topix.net

In the Bay Area, Essex Property Trust owns complexes such as San Jose's Esplanade, seen in this 2005 file photo In what would be a $4.48 billion deal that is a reminder of the strength of the Bay Area economy, Essex Property Trust said Monday it has made a formal offer to buy a rival apartment realty investment firm, BRE Properties.

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