Farkas, Colony Capital In Talks To Acquire ‘Significant’ Stake In Grubb & Ellis

Just a few months after announcing plans to acquire NAI Global, a firm controlled by real estate investor Andrew L. Farkas is in exclusive talks to execute “a strategic transaction” with troubled commercial real estate services firm Grubb & Ellis Co. (NYSE: GBE).

A subsidiary of Texas-based real-estate equity firm C-III Capital Partners, which is an affiliate of Farkas’ global real estate merchant bank Island Capital Group LLC, is negotiating…
National Commercial Real Estate News From CoStar Group