BREAKING NEWS: Grubb & Ellis Files For Bankruptcy, Sells Itself to BGC Partners After All

Grubb & Ellis Co., one of the country’s most recognizable CRE services brands, which fell on hard financial times during the economic recession, has agreed to file for Chapter 11 bankruptcy protection and sell the company in a bankruptcy transaction to BGC Partners, owners of Newmark Knight Frank.

In a statement, Santa Ana, CA-based Grubb & Ellis said it believes the acquisition by the investment firm headed by Cantor Fitzgerald CEO Howard Lutnick…
National Commercial Real Estate News From CoStar Group