logo
Share SHARE
FONT-SIZE Plus   Neg

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla's Chief Elon Musk confirmed that there will be no discount on new cars. Through several tweets and an email addressing its employees, Musk said, "It is absolutely vital that we adhere to the no negotiation and no discount policy that has been true since we first started taking orders 10 years ago." Shares of National Beverage Corp. fell about 15 percent on Wednesday after short selling firm Glaucus Research Group has said it is shorting the soft-drink maker and accused the company of manipulating earnings. In a research report, Glaucus alleged that National Beverage achieved its "remarkable history of financial performance in part by manipulating earnings." Canadian pipeline operator Enbridge Inc. said it has agreed to sell its liquids pipeline assets in the South Prairie Region, including the Saskatchewan pipeline system, to privately-held midstream company Tundra Energy Marketing Ltd. for C$1.075 billion in cash.
comments powered by Disqus
Follow RTT