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Berkshire Targets Wealthy Chinese Buyers for U.S. Homes

Source: Bloomberg

by Katherine Chiglinsky
April 17, 2017, 8:13 AM PDT

Berkshire Hathaway Inc.’s real estate brokerage, acquired as an afterthought when billionaire Chairman Warren Buffett bought an energy business, is expanding its global reach with a push to attract wealthy Chinese citizens to purchase homes in the U.S.

Berkshire Hathaway HomeServices announced an agreement to advertise its U.S. homes on Juwai.com, which attracts about 2 million visitors a month. The portal hosts sites on both sides of China’s “great firewall,” meaning consumers can access the information inside the nation from more than 400 cities and also from more than 160 other countries, according to a statement Monday.

HomeServices has been expanding under Buffett by opening new locations, forming a 2012 venture to expand licensing operations and then working to capitalize on demand from non-U.S. buyers. The unit hired Realogy Holdings Corp.’s Peter Turtzo in 2015 to push into international markets and recruited Mitchell Lewis from Christie’s International Real Estate in September to build operations in Europe, the Middle East and Africa.

“The Chinese have overtaken all nationalities besides Americans as the leading buyers of property in the U.S.,” Gino Blefari, chief executive officer of Irvine, California-based Berkshire Hathaway HomeServices, said in the statement. The Juwai.com accord and other efforts overseas “make it much easier for Chinese real estate buyers to find and shop our property listings.”

Read more: https://www.bloomberg.com/news/articles/2017-04-17/berkshire-broker-seeks-wealthy-chinese-buyers-for-u-s-houses

Related: https://www.bloomberg.com/search?query=homeservices+juwai.com
Posted by proverbialwisdom | Mon Apr 17, 2017, 12:02 PM (9 replies)



Los Angeles (February 13, 2017) – Filmmakers Keely Shaye Brosnan and Teresa Tico, along with Executive Producer Pierce Brosnan, will screen their award-winning documentary Poisoning Paradise at the Hollywood Reel Independent Film Festival on Friday, February 17th.

Poisoning Paradise takes audiences on a journey to the seemingly idyllic world of Native Hawaiians where communities are surrounded by experimental test sites for genetically engineered seed corn. The film explores the devastating repercussions caused by chemical cocktails comprised of restricted-use and general-use pesticides that are sprayed 250 to 300 days a year, 10 to 16 times a day near schools, homes, hospitals, and environmentally sensitive shorelines. Poisoning Paradise features local residents, world-renowned scientists, healthcare professionals, and other experts while detailing the imminent dangers for Kauai residents and visitors alike. The film follows local activists striving to pass Kauai County Bill 2491 into law. If passed, Bill 2491 would require multinational agrochemical corporations who experiment with pesticides and genetically modified crops to disclose their use of pesticides, comply with modest buffer zones, and conduct an environmental impact study. Poisoning Paradise also delves into the alliance between local, state, and federal politics and the agrochemical industry.

“Each of us has a responsibility to protect our land, our water, our oceans and the air we breathe for future generations.” — Keely Shaye Brosnan and Teresa Tico

Poisoning Paradise encourages audiences to join the international debate about GMO’s and pesticides which is raging around the world. It invites people to speak up about their “rights to know,” the necessity of “informed consent,” while also holding corporations accountable for poisoning planet Earth.

[center]UPDATE: Poisoning Paradise wins “Best Documentary” at the 2017 Hollywood Reel Independent Film Festival


Posted by proverbialwisdom | Mon Feb 20, 2017, 04:42 PM (4 replies)
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