Warren Buffett buying Prudential Northwest's parent company
A very famous name is taking over the real estate franchise network associated with Prudential Northwest Realty.
Investor Warren Buffett’s company, Berkshire Hathaway announced Tuesday, Oct. 30 it is buying the franchise network from Brookfield Asset Management. Berkshire and Brookfield will switch agents to a new brand next year.
"We are honored and proud to be entrusted with the use of the Berkshire Hathaway name as our real estate franchise brand" said Mike Gain, president and CEO of HomeServices of Washington doing business as Prudential Northwest Realty. "We will convey the strength of Berkshire Hathaway's reputation and its associated principles of honesty, integrity and financial stability in everything we do.
"They say one is judged by the company that one keeps. In business no one is more respected than Warren Buffett and Berkshire Hathaway. I cannot think of anyone with whom I'd rather be associated in business with," Gain said. "At Prudential Northwest Realty, it just keeps getting better."
Homeservices of Washington is headquartered in West Seattle and occupies the 6th floor of Jefferson Square. Mike Gain as a lifelong resident of West Seattle wouldn't have it any other way. After coming out of retirement he moved the headquarters to West Seattle in March of 2009 just minutes from his home.
Prudential Northwest Realty has offices in West Seattle, Burien, Federal Way, Kent, Bellevue and Lynnwood. The plan for Mike and Berkshire Hathaway is to grow their company in the northwest region with mergers and acquisitions. "It is very comforting to have the financial backing of Berkshire Hathaway HomeServices" said Gain.