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

BGC Partners, Inc. (BGCP) 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.

by RTT Staff Writer

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