Billionaire investor Warren Buffett entered the South Florida real estate market Tuesday when one of his companies purchased the Esslinger Wooten Maxwell (EWM) brokerage.The deal for an undisclosed price continues the reshaping of the real estate industry here, as a major independent brokerage cedes control to a national chain. Buffett's HomeServices of America is the country's second-largest brokerage and now will take on industry leader Coldwell Banker in Florida.
Coldwell, a division of Cendant, bought Wimbish-Riteway in October and Arvida Realty in April, setting off a consolidation trend that picked off two of the largest high-end and independent brokerages in South Florida. That left EWM as the top luxury brokerage not owned by a chain, a status that ended with Tuesday's announcement. While Coldwell folded the local brand into its own, the EWM name will survive the acquisition, a HomeServices spokesman said.
Buffett's investment company, Berkshire Hathaway, owns the Minnesota-based HomeServices, which is a subsidiary of energy company MidAmerican Energy Holdings (MEHC). Berkshire acquired MidAmerican in 2000 and in a letter to stockholders Buffett promised the unit access to his empire's deep pockets.
''Berkshire stands ready to inject massive amounts of money into MEHC,'' he wrote. Berkshire reported income of $4.2 billion last year.
Thank you for your continued friendship, confidence and support!
We are proud to announce that EWM the largest independent real estate brokerage company in south Florida with sales of $1,800,000,000 has engaged The Americas Group to help them further develop business in the Americas.
Through EWM we are now in a position to assist you with your real estate needs both commercial and residential whether you are buying, selling or renting. We can also assist with financing, insurance and property management. We hope you will take advantage of our combined deep understanding and involvement in south Florida and use our services to help you maximize your results. We are able to serve you in both Spanish and Portuguese.
We look forward to hearing from you and learning how we can assist you. Please give me a call and we will be pleased to discuss your needs and refer you to the appropriate person at EWM or elsewhere.
Also, we will be notifing you from time to time on real estate projects in which we become involved as we continue to build a real estate sales, financing and development capacity for The Americas Group.
Thank you for your continued friendship and confidence.
We are proud to announce that we have been engaged by Milennium Partners to assist them with sales and marketing activities in the Americas for their latest “World Class Project” – The Four Seasons Hotel & Tower Miami.
Millennium Partners has constructed $3 Billion in projects including preeminent residential projects in New York on Central Park South and Battery Park City, in Boston on the Common, as well as Washington D.C.’s West End and Georgetown neighborhoods. Following the much accliamed Four Seasons Hotel and Residences San Fransico, The Four Seasons Residence Miami represents the latest step in the evolution of Millenium’s innovative World Class blending of residences, a five star flagship hotel, a sports club & spa and distinguished office space.
Whether you are re-locating to Miami from the Americas or the U.S. or visiting for business or pleasure we hope you will consider the distinguished and upscale Four Seasons Hotel and Residences on Brickell Avenue. We look forward to giving you a tour and assiting you with your residential, office or hotel needs and all under one roof with breathtaking views of Miami.
The Americas Group looks forward to assisting you with your Real Estate requirements as we deepen our involvement in that sector. Please give us a call or e-mail us and we will put you in contact with our Real Estate partners who can assist you with your needs.
We are proud to announce that Ferrell Schultz (www.ferrellschultz.com), the prestigious Miami based international law firm and The Americas Group have signed a Professional Services Agreement. The Americas Group will provide government relations and business community relations advisory services to Ferrell Schultz and/or its clients, principally in Latin America. The Americas Group has also agreed to assist in coordinating client introductions and client relations, internationally. Ferrell Schultz has offices in Nassau, Panama, Mexico, Columbia, Venezuela, Argentina, Chile, Beirut and soon to be in Brazil.
We are honored to include Ferrell Schultz in our continuing effort to assemble a group of clients and partners that are able to offer
The Americas Group has been engaged by Counsel Financial Services (CFS) to help them shape their Business Plan and to assist them in raising debt financing. CFS is one of the pioneers and leading commercial lenders providing revolving lines of credit and other lending programs exclusively to plaintiff's attorneys nationwide. They use the law firm's receivables as collateral in addition to other guarantees and insurance assignments. The Company is looking to raise $20,000,000 through high yield debt instruments in the first traunch. The company's objective is to expand and establish itself as the leading lender in this specialized activity. They believe the potential market for financing law firms' litigation is in the hundreds of millions.
The Company, through its principals and affiliates, has over 10 years of successful track record in investing in small plaintiff's personal injury litigation and in financing plaintiff's law firms. The principals are all successful plaintiffs attorneys and through their specialized knowledge and experience have been able to establish very effective underwriting standards and criterion which have significantly lowered the risks in this type of lending. These standards have successfully withstood the test of time.
If you are interested in learning more about Counsel Financial Services or its lending program, please give us a call or send us an e-mail. We look forward to continuing to serve you and thank you once again for your continued confidence, friendship and support.