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.

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Koenig & Strey Is Sold!!!

Chicago real estate firm Koenig & Strey has been sold to a firm controlled by Warren Buffett's Bershire Hathaway.  Here is a link to the story at Crain's Chicago.  This comes after Koenig recently closed numerous Chicago offices after encountering a huge drop in it's sales volume.

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