BGC Negotiates Possible Investment In Grubb & Ellis

Jan 18, 2012 2 Comments by

BGC Partners, which bought Newmark & Company last year for $63 million in cash plus additional stock, is in talks to invest in the struggling commercial brokerage firm Grubb & Ellis.

In a filing with the U.S. Securities and Exchange Commission, Grubb & Ellis said that the firm entered into an exclusivity agreement which gives BGC until Jan. 31 to pursue debt or equity financing and/or a strategic transaction with [Grubb & Ellis].

The exclusive agreement Grubb had with Andrew Farkas C-III Capital and Colony Capital expired earlier this week.

Source: The Real Deal

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2 Responses to “BGC Negotiates Possible Investment In Grubb & Ellis”

  1. G&E Investors: Another One Bites The Dust says:

    […] two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Part… expired Tuesday without an agreement, according to a document filed with the U.S. Securities and […]

  2. Grubb & Ellis Files For Bankruptcy Protection says:

    […] reported, BGC entered negotiations last month to invest in Grubb & Ellis, but ultimatel did not strike a deal during the window of exclusive […]

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