After Sale Approval In Bankruptcy Court, Grubb & Ellis Moves To Next Phase Under BGC

This week a bankruptcy court judge approved the sale of the venerable but cash-strapped Grubb & Ellis Co. to BGC Partners, Inc., ushering in the latest in a series of changes that have roiled the commercial real estate brokerage business. Next comes the hard work involved in exiting bankruptcy and integrating the new acquisition.

Among the challenges the two firms face are preserving Grubb & Ellis’s property and facilities management and brokerage…
National Commercial Real Estate News From CoStar Group