Grubb & Ellis Pursues Sale To BGC Through Ch. 11

Law360, New York (February 21, 2012, 2:41 PM EST) -- Commercial real estate services company Grubb & Ellis Co. on Monday filed for Chapter 11 protection in New York to sell itself to BGC Partners Inc. in a bid to preserve its business.

BGC, a New York-headquartered broker of financial products, wants to add Grubb & Ellis to a portfolio that already includes Newmark Knight Frank, one of the largest commercial real estate services firms in the U.S. The value of the deal was not immediately available Tuesday.

Looking to implement the transaction as an asset...
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