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Rubloff Is Acquired by Prudential Preferred
One by one the giants of Chicago's real estate industry are disappearing. Today, Prudential Preferred Real Estate acquired Rubloff Residential combining the two companies to form Prudential Rubloff. What's driving all the consolidation? The economy and the real estate slump have forced the companies to trim costs by combining forces and expanding the volume of transactions processed. This makes the third large acquisition in the last year. First Sussex and Reily was sold and then just last week Koenig & Strey was purchased. Stay tuned. More sales, consolidations and liquidations are likely.
