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…
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BREAKING NEWS: Grubb & Ellis Files For Bankruptcy, Sells Itself to BGC Partners After All
GlobeSt.com Grubb & Ellis To Sell All Assets to BGC Partners GlobeSt.com By Natalie Dolce Membership is FREE and provides access to a world of timely information, expert insight and analysis, and an unparalleled array of resources not available from other commercial real estate media outlets. Grubb & Ellis Enters Into Strategic Transaction With BGC Partners MarketWatch (press release) all 9 news articles
SANTA ANA, CA-Grubb & Ellis intends to implement the transaction as an asset sale under Section 363 of the US Bankruptcy Code and expects business to continue without disruption as it completes the sale process.
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Grubb & Ellis To Sell All Assets to BGC Partners
Movers & Shakers for Feb.
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Movers & Shakers for Feb. 19, 2012 – Daily News Transcript
A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S.
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Latest Potential Investor In Grubb & Ellis Emerges From Talks Without Agreement
Real estate investment firm C-III Capital Partners LLC completed its acquisition of NAI Global, just 10 days after negotiations between C-III and partner Colony Capital LLC to acquire Santa Ana, CA-based Grubb & Ellis Co. expired without an agreement. Financial terms of the transaction were not disclosed
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C-III Capital, CEO Farkas Close NAI Global Purchase
Just as two previous investors have apparently stepped back from pursuing potential deals for Grubb & Ellis Co., a third influential player has started talks to acquire or invest in the struggling Santa Ana, CA-based commercial real estate services firm. Grubb & Ellis Co
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Third Time’s the Charm? Grubb & Ellis Enters Talks with Wall Street Exec Lutnick
While on the surface, it may seem like a simple corporate name change, Grubb & Ellis Healthcare REIT II’s successful transition to Griffin-American Healthcare REIT II has spawned a host of changes, including several high profile defections and a shake up in capital market activities at several nontraded REITs. Griffin-American Healthcare REIT II this week completed the transfer of its advisory and dealer manager agreements from commercial real…
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What’s in a Name Change? Plenty When it Involves Grubb & Ellis
REAL ESTATE : Investors like the Inland area Press-Enterprise BY JACK KATZANEK A first-of-the-year forecast on commercial real estate conditions across the country cites the strength of Inland Southern California for investors looking to sink money into industrial properties. The key to Grubb & Ellis' findings on ..
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REAL ESTATE: Investors like the Inland area – Press-Enterprise
Storm clouds brew over Grubb & Ellis InvestmentNews According to an April report in the Orange County Register, the commercial real estate downturn hurt Grubb's business , resulting in a drop in leasing and sales. The merger with NNN Realty also hurt the company, as it was done just as the number of TIC …
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Storm clouds brew over Grubb & Ellis – InvestmentNews