BrokerageIndustry News

HomeServices expands Pacific Northwest footprint

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HomeServices of America Inc. has acquired Prudential Northwest Realty Associates, a Seattle-based brokerage with more than 350 sales associates in six offices that handled more than $740 million in sales last year.It's the Berkshire Hathaway affiliate's second foray into the Pacific Northwest, following on the heels of HomeServices' acquisition of Portland, Ore.-based Prudential Northwest Properties in February."Prudential Northwest Realty is a strong company with an excellent reputation in a growth market," said Ron Peltier, chairman and CEO of HomeServices in a statement. "This aligns with our vision of acquiring distinguished companies in leading markets that share our core values."Mike Gain, Prudential Northwest Realty's president and CEO, will continue to manage the day-to-day operations, along with his sales management and leadership team.Both the Portland and Seattle brokerages will retain their names and remain franchisees of Prudential's U.S. real estate ne...