BGC Closes Grubb & Ellis Purchase, Launches Newmark Grubb Knight Frank

BGC Partners, Inc. late Friday announced it has closed on the acquisition of Grubb & Ellis Co., which grew from a single office opened in Oakland, CA in 1958 to become one of the world’s largest and best known CRE brokerages. Known for more than half a century as the namesa
Read More

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
Read More

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
Read More

BGC Partners, NKF and Grubb & Ellis Announce Strategic Transaction

National Real Estate Investor
Read More

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 New
Read More

Grubb & Ellis Chairman Kojaian Steps Down

Longtime Grubb & Ellis Co. director C. Michael Kojaian has resigned from the troubled Santa Ana, CA-based real estate services company. Kojaian, a Michigan-based real estate investor who has served as director since September 1996, advised the company Feb. 10 that he was resignin
Read More

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 subsidia
Read More

Grubb & Ellis Sells Daymark; Exits Tenant-in-Common Business

Grubb & Ellis Co. has sold it Daymark Realty Advisors Inc., to a joint venture entity controlled by Sovereign Capital Management Group and Infinity Urban Century, an investment affiliate of The Infinity Group for an undisclosed price. Grubb & Ellis has exited the tenant-in-c
Read More