BUSINESS BRIEFING
Times Wire Reports
A real estate brokerage controlled by Warren E. Buffett’s Berkshire Hathaway Inc. bought a Chicago-based agency, entering the third-largest U.S. metro area amid signs of a rebounding real estate market.
HomeServices of America Inc. said it acquired Koenig & Strey GMAC Real Estate from Brookfield Residential Property Services. Terms weren’t disclosed. Koenig & Strey has 21 offices and about 900 agents in the Chicago region.
HomeServices, a Minneapolis-based unit of MidAmerican Energy Holdings Co., is the second-biggest U.S. residential brokerage. No. 1 is Apollo Management’s Realogy.
MidAmerican is majority-owned by Omaha-based Berkshire Hathaway, whose chief executive is Buffett.
