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Mergers and Acquisitions

Berkshire Hathaway HomeServices announces merger with Key Ventures

Berkshire Hathaway HomeServices New York Properties announced a merger with Key-Ventures, Inc..

The 50-year-old real estate brokerage has a reputation for catering to New York’s elite families, royalty and other high-net worth international buyers.

On the heels of Berkshire Hathaway HomeServices’ expansion into New York City earlier this year, the merger is a milestone in the company’s strategy to grow its presence in the city’s competitive luxury residential market.

590 Madison

The Key-Ventures Team, which is led by co-managing principals Larry Kaiser and Craig Dix, will join Berkshire Hathaway HomeServices New York Properties, which recently opened at 590 Madison Avenue.

Ellie Johnson, president of Berkshire Hathaway HomeServices New York Properties, said, “As real estate continues to evolve, relationships are more important than ever before. This monumental union is an opportunity to significantly expand our platform by sharing resources and knowledge with a company that has sold billions of dollars’ worth of New York City real estate over the years.”

Key-Ventures, Inc. was founded 47 years ago by Evelyn Kaiser and A. Laurance Kaiser IV. It was the first real estate company to breach the $1 million mark in condo and single family sales.

“This partnership represents a new era of real estate and is a testament to our confidence in the tremendous strength of the Berkshire Hathaway HomeServices brand,” Kaiser said. “As the company continues to build solid momentum in New York, we’re excited to join the team and help cement Berkshire Hathaway HomeServices as a dominant force both in New York City and globally.”

Berkshire Hathaway HomeServices is in the midst of a strategic expansion across the Northeast under the leadership of CEO and President Candace Adams.

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