CRE Midwest

BGC Partners makes acquisition of Grubb & Ellis official; forms Newmark Grubb Knight Frank real estate firm

BGC Partners in mid-April made its acquisition of Grubb & Ellis Company official. The move follows the approval of the U.S. Bankruptcy Court for the Southern District of New York.

BGC Partners in mid-April made its acquisition of Grubb & Ellis Company official. The move follows the approval of the U.S. Bankruptcy Court for the Southern District of New York.

This is the second major acquisition for BGC Partners in recent months. In october of last year, the company acquired Newmark Knight Frank. The company is now merging that company with Grubb & Ellis to create Newmark Grubb Knight Frank, BGC's new full-service commercial real estate platform.

"With more than 100 offices in North America, 250 million square feet in property and facilities management and an outstanding national appraisal business, the creation of Newmark Grubb Knight Frank is a game-changing moment in the real estate industry," said Michael Lehrman, global head of real estate at BGC. "Newmark Knight Frank and Grubb & Ellis each have consistently ranked among the leading companies in the real estate industry, and now these two great brands have come together as an even more impressive competitive presence in the real estate marketplace."