Britta Rivera Venture

CHICAGO REAL ESTATE NEWS & MORE

[2013 VIDEO] WARREN BUFFETT ANNOUNCES BERKSHIRE HATHAWAY MERGER…KOENIG & STREY – PRUDENTIAL RUBLOFF JOIN FORCES

On Tuesday November 12, 2013, billionaire Warren Buffett made an exciting announcement; about two legendary Chicago real estate firms set to merge this spring.  Luxury home sales powerhouse Koenig & Strey Real Living and Prudential Rubloff will join forces under his Berkshire Hathaway brand.  They are set to become one of the top real estate brokerage firms in the entire Chicagoland area, gaining a huge percentage of market share.

Essentially, Prudential Rubloff sold its ownership interest in their company to Home Services of America; a Berkshire Hathaway affiliate.  Making this the most notable real estate merger in Chicago’s history.

Over 700 agents showed up to a last-minute surprise meeting at the Drake Hotel, after receiving an email invitation late in the day on Monday (including me!).  It was a shock to hear about the merger, not because it was unexpected, but due to the complete secrecy of this news.  There were no rumors nor talks in advance throughout the company, at least not at an agents level.

The exciting part about this merger, is that they will now both fall under the prestigious Berkshire Hathaway brand.  The company was named The World’s Most Admired Companieswhich offers buyers and sellers even more confidence when using its services.  Major backing of these exclusive firms by Buffett was confirmed; since it is the FIRST time he has allowed a real estate affiliate to fall under the prestigious Berkshire Hathaway name.

During the 60 minute presentation several top executives spoke, including; the current President of Koenig & Strey, Nancy Nagy, and owners of Prudential Rubloff, Chris Eigel and Michael Pierson.  Their joy and complete support of this mega merger could be felt throughout the huge venue.  They will all stay on as top executives when the transition is complete this spring.  And to top it off Warren Buffett hit the big screen, sharing his excitement about the merger with all in attendance.

This press release explains the magnitude of this game-changing announcement and how it is certain to impact Chicago real estate in the future.  Coming this spring the name will change to BERKSHIRE HATHAWAY KoenigRubloff Realty Group.  It may be a mouthful, but the firm will certainly offer clients extraordinary service and a solid reputation.  By combining the most experienced real estate professionals with premier marketing and a top brand name, they will give the competition a run for the money.

Yes indeed, this is exciting news!  It brings me personal pleasure to know that I work for the most exclusive real estate brokerage firms in the great City of Chicago!

Interesting FACT…in 2012 the combined firms closed more than $4 billion in sales; making it #2 in market shares based on volume.  Combining forces will bring the total number of brokers to over 1600 company wide.

NEED ASSISTANCE WITH SELLING OR BUYING IN THE CHICAGOLAND AREA?  CONTACT A REAL ESTATE PROFESSIONAL AT THIS PRESTIGIOUS FIRM….I WOULD LOVE TO HELP! https://brittariveraventure.wordpress.com/about/

CHECK OUT PHOTO’S FROM THIS EXCITING ANNOUNCEMENT AT THE DRAKE

ALL NANCYDSC04837ks party

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November 17, 2013 - Posted by | CHICAGO REAL ESTATE | , , , , , , , , , , , , , , , , , , , , ,

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