Berkshire unit buys NYC-area property firm

New York

HOMESERVICES of America Inc, a unit of Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second foray into the New York City area this month.

The purchase by HomeServices, the second-largest US residential real estate brokerage, was disclosed eight days after its majority-owned Berkshire Hathaway HomeServices unit announced the opening of its first New York City office. Terms of Tuesday's deal were not disclosed.