MINNEAPOLIS – HomeServices of America, a Berkshire Hathaway affiliate, today announced the consolidation of Berkshire Hathaway HomeServices Northwest Real Estate (based in Seattle, WA) and Berkshire Hathaway HomeServices Northwest Real Estate (based in Portland, OR), creating a regional Pacific Northwest brokerage. Jason Waugh, current president and CEO of Berkshire Hathaway HomeServices in Portland will assume the role of president and CEO of the combined companies, effective immediately. Mike Gain, a 38-year real estate veteran and current president and CEO of Berkshire Hathaway HomeServices in Seattle has been named Chairman Emeritus where he will play an integral role in BHHS Northwest Real Estate’s success focusing on acquisition and expansion strategies and opportunities.
The merger unites the two companies, creating an organization with more than 725 real estate professionals providing residential and commercial clients in the Seattle and Portland metropolitan areas, as well as Central Oregon, the Yamhill County wine region and Oregon’s coastal communities with extraordinary strength and resources to help them buy and sell their homes. In 2014, the combined firm closed nearly $2.2 billion in sales volume.
“This merger creates a regional powerhouse within the Pacific Northwest,” said Waugh. “We are combining two organizations, each with immensely talented agents, sales managers and employees and a shared commitment to delivering an exceptional real estate experience into a company that will be unmatched in their ability to serve the real estate needs of new and existing clients.”
“I am extremely proud of everyone at Berkshire Hathaway HomeServices Northwest Real Estate and what we have accomplished,” said Gain. “Bringing these two companies together creates a tremendous amount of growth potential and I am looking forward to driving these opportunities in my new role within the company.”
“Mike and Jason have done an outstanding job in positioning Berkshire Hathaway HomeServices Northwest Real Estate for continued growth and success,” said Ron Peltier, chairman and CEO of HomeServices. “Combining the operations of these companies brings together two great organizations and reinforces our commitment to expanding our footprint in the Pacific Northwest.”