BGC Forms Newmark Grubb Knight Frank Upon Closing Of Grubb & Ellis Acquisition

BGC Partners Q1 Profit Down

BGC Partners Q1 13 Earnings Conference Call At 10:00 AM ET

BGC Partners Inc. (BGCP) Surged To An 8-Month High

BGC Partners Inc. (BGCP) Has Jumped To An 8-Month High After Platform Sale

Trade BGCP now with

4/13/2012 6:57 PM ET

BGC Partners, Inc. (BGCP: Quote) said Friday that it has completed its acquisition of assets of Grubb & Ellis Co., following the recent approval of the deal by the U.S. Bankruptcy Court for the Southern District of New York.

BGC said it is rapidly integrating Newmark Knight Frank, the commercial real estate firm it acquired in October 2011, with Grubb & Ellis, forming Newmark Grubb Knight Frank, its new full-service commercial real estate platform. In addition to the Grubb & Ellis professionals now joining the combined firm, Newmark Knight Frank has added over 50 top producing brokers in offices across the country in the last several months, BGC said.

Click here to receive FREE breaking news email alerts for BGC Partners Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 81 Articles

Editors Pick

Stocks Close Modestly Lower After Lackluster Trading Day - U.S. Commentary

After showing a lack of direction throughout much of the session, stocks ended Monday's trading modestly lower. The slightly lower close on the day partly offset the strength that was seen in the markets last week. The major averages ended the day below the unchanged line but off their lows for the session.

Obama To Deliver Speech On Counterterrorism Policies, Use Of Drones

President Barack Obama reportedly plans to deliver a much-anticipated speech on Thursday outlining his administration's evolving counterterrorism policies. Multiple news sources cited a White House official as saying that Obama will address the use of drones and plans to close the detention facility at Guantanamo Bay in a speech at the National Defense University.

Immigration Officers Union Expresses Opposition To Senate Bill

A second union representing immigration enforcement officers has expressed opposition to the Senate version of comprehensive immigration reform legislation, arguing that the bill fails to address the "insurmountable bureaucracy" at the agency that oversees lawful immigration to the U.S.