The Real Deal New York

Posts Tagged ‘berkshire hathaway’

  • From left: Warren Buffett, Stephen Meyers, Nancy Seaman and Chris Meyers (Credit: Twitter)

    A little more than a week after establishing its first New York City office, Berkshire Hathaway HomeServices of America continued its expansion by snapping up Westchester’s top residential brokerage, Houlihan Lawrence. And its quest to establish itself as a top player in New York City looks far from over.

    The acquisition of Houlihan Lawrence this week gives HomeServices 1,300 agents across 30 offices in Westchester, Putnam, Dutchess counties in New York and Fairfield in Connecticut. [more]

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  • Ellie Johnson

    Undaunted by the cutthroat residential brokerage game in New York City, Berkshire Hathaway HomeServices opened its first office in the city this week.

    Ellie Johnson, the longtime former senior vice president and manager of the Upper East Side sales office at Sotheby’s International Realty, is leading Berkshire Hathaway HomeServices foray into New York City, the company announced Monday. [more]

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  • Warren Buffett

    Billionaire Warren Buffett’s Berkshire Hathaway HomeServices venture has added nine new real estate broker affiliates throughout the U.S., evidence of his growing confidence in the housing market. Most recently the venture signed affiliate agreements with two brokerages in Texas and California.

    The firm has also added brokerages in Delaware, New York, Georgia, Florida and Tennessee in recent months, according to a statement cited by Bloomberg News. [more]

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  • Warren Buffett

    Following statements of confidence in the U.S. housing market, investor Warren Buffett is entering his holding company Berkshire Hathaway into a venture with Toronto-based private equity firm Brookfield Asset Management, Bloomberg News reported. The deal gives Berkshire Hathaway a controlling interest in the Prudential and Real Living brokerages, but the companies plan to launch their own realty brand, Berkshire Hathaway Home Services, by next year.

    Berkshire Hathaway has been actively acquiring businesses related to the housing market, including a brick manufacturer, the loan portfolio of the bankrupt mortgage lender Residential Capital and real estate brokerages in Oregon and Connecticut. Buffett is counting on low interest rates, inventory and prices to spur a housing rebound, according to Bloomberg. [more]

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  • Jain and his new pad at One Beacon Court

    Berkshire Hathaway executive Ajit Jain, who is seen as one of the front-runners to succeed Warren Buffett at the company’s helm, has purchased a four-bedroom apartment at One Beacon Court for $14.65 million, sources told the Wall Street Journal. It’s the second unit in the 151 East 58th Street condominium for Jain, who bought Ponzi schemer Marc Dreier’s neighboring unit at auction for $8.3 million in 2009. … [more]

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