Warren Buffett’s NYC brokerage wants to poach commercial brokers

Herb Hirsch is leading Berkshire Hathaway's entry into the commercial market

TRD New York /
Jun.June 28, 2017 11:00 AM

Berkshire Hathaway’s Herb Hirsch, Warren Buffett and Midtown offices (Credit: Getty Images)

The commercial broker poaching war ain’t over yet, and a new participant has entered the fray. Berkshire Hathaway Homeservices’ New York City office is looking to expand the commercial side of the brokerage, and is on the hunt for more brokers.

The New York City arm of the Warren Buffett-owned firm opened up in Manhattan back in January,  and broker Herb Hirsch joined the team in March, the New York Post reported.

Hirsch is leading the commercial leasing side of the business, according to the newspaper. He has hired two brokers to join the team and is looking for more.

“The name speaks for itself, and there is a lot of interest and people looking to buy commercial property in New York,” Hirsch told the Post. He is shopping a 300,000-square-foot development site downtown, according to the Post.

Soon after launching in New York City, Berkshire Hathaway picked up Westchester’s top residential brokerage, Houlihan Lawrence.

The firm has been expanding in the northeast, targeting a large presence in Westchester County through the acquisition of firms in Scarsdale, Larchmont, Eastchester and Rye.

The CEO of Berkshire Hathaway Homeservices Ron Peltier told The Real Deal in January that Berkshire NYC is a “stake in the ground” and that the firm will continue to look for other city brokerages to buy.

There was a flurry of commercial broker poaching in 2016 and the early part of this year, including top producers Doug Harmon and Adam Spies leaving Eastdil Secured for Cushman & Wakefield; and Richard Baxter, Yoron Cohen and Scott Latham jumping from JLL to Colliers. In December, TRD looked at the biggest broker poaches of 2016.

Last week, broker Eric Anton left HFF and joined Marcus & Millichap[NYP]Miriam Hall


Related Articles

arrow_forward_ios
An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

arrow_forward_ios