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78-year old Warren Buffett, who was #1 last year, fell one spot after losing $25 billion. No worries, this investor is still worth $37 billion.
“This transaction makes one of the premier firms within the Chicago area into an even stronger organization,” Koenig President and CEO Doug Ayers said in a statement. “By joining with HomeServices, we will be unmatched in our ability to serve the real estate and corporate relocation needs of new and existing clients in the Chicago area.”
Koenig & Strey has been on the market for some time, according to Crain’s Chicago Business, but the sour economy hampered efforts to sell the real estate enterprise.
Perhaps Buffet’s involvement is a good sign for the housing market.
With this acquisition, the Berkshire Hathaway affiliate HomeServices of America now has 15,000 real estate agents in 20 states.