One Court Sq Sells for $481M

SL Green Realty Corp. (NYSE: SLG), along with joint venture partners including JP Morgan Chase & Co., have sold One Court Square in Long Island City, NY to a private investor group led by David Werner for a total consideration of $ 481 million, or about $ 324 per square foot. The
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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 exit
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Path Cleared For Bankruptcy Court Approval of Grubb & Ellis Sale

Grubb & Ellis Co. has canceled a bankruptcy auction to sell off its assets, leaving BGC Partners, LP as the only bidder and clearing the way for a court hearing on Thursday to approve the sale. Santa Ana, CA-based Grubb & Ellis filed for bankruptcy protection on Feb. 20 and
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