News
Dallas-Fort Worth Commercial Real Estate

Warren Buffett Buys Luxury Real Estate Firm

The third-richest man in the world, Warren Buffett, is making a play for luxury real estate. His Berkshire Hathaway affiliate HomeServices of America just bought Dallas real estate firm Allie Beth & Associates, marking the company’s first foray into Texas.

One of the highest-grossing firms in Dallas, the brokerage specializes in luxury properties, with $1.5B in sales last year. “We love Texas...,” said HomeServices chairman and CEO Ron Peltier. “It’s a big market that we plan to grow. This certainly wont be the last acquisition.”

This year, HomeServices of America associates completed more than 22,000 transactions totaling over $77B in sales. [WFAA]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands