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BGC Partners Acquires Grubb & Ellis
BGC Partners announced late Monday night that the firm, which last year expanded into the real estate services business by buying Newmark Knight Frank, is further growing in the industry by acquiring...
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Lee & Associates Nabs Four New Hires
The burgeoning brokerage Lee & Associates is adding more brokers, including another executive from the bankrupt real estate services company Grubb & Ellis, executives at the firm revealed....
View ArticleBGC Extends Commission Recoup to Grubb Brokers Who Stay
BGC Partners is offering to pay Grubb & Ellis brokers commissions they are owed if they remain with the company as it wends its way through bankruptcy, sources with knowledge of the firm told The...
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Newmark’s Neal Golden in Talks to Take A Top Position at Cushman & Wakefield
In what would be the next major defection since BGC Partners acquired Newmark Knight Frank in October, vice chairman Neal Golden is in talks to become the new head of Northeast operations for Cushman...
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Threatened with Commission Cuts, Brokers File Flurry of Objections
Scores of Grubb & Ellis brokers and employees filed a flurry of objections over the weekend to a motion in the company’s case in bankruptcy court that would cancel money they are owed in...
View ArticleGrubb Bid Could Bring Challengers
Rumors have been swirling in real estate circles this week that when Grubb & Ellis hits the auctioning block in bankruptcy court this Thursday, BGC Partners, which holds the company’s senior debt,...
View ArticleGrubb & Ellis Seeks To Hand BGC Control Of Commissions
Lawyers for Grubb & Ellis filed a response this afternoon to the hundreds of objections from brokers at the firm in recent days, insisting that the bankrupt real estate services company doesn’t owe...
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Grubb & Ellis Sale Delayed
The sale of Grubb & Ellis didn’t proceed as planned this evening when the judge hearing the case in bankruptcy court in Lower Manhattan delayed handing the company to suitor BGC Partners over...
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Brokers Wait Nervously For Grubb & Ellis Sale
Grubb & Ellis brokers were still waiting on Monday for a decision in U.S. Bankruptcy Court whether they will be allowed to sue the company’s senior creditor BGC Partners, which is trying acquire...
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Newmark, Grubb Knight Frank… But What About Ellis: A BGC Mystery
Grubb & Ellis was purchased out of bankruptcy by BGC Partners last week and merged with another brokerage firm, Newmark Knight Frank. The integrated entity, which many industry experts say will...
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Grubb & Ellis’ Stuart Siegel Joins CBRE
CBRE, the Los Angeles-based commercial real estate services firm, has hired Stuart Siegel as a senior vice president in office brokerage in the firm’s Manhattan office. Mr. Siegel, who previously...
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The Commercial Observer’s Power 100 Gala, Minute by Minute, Drink for Drink
Can The Commercial Observer party at its own party? You bet! The CO got down at its annual Power 100 celebration, which honors its picks for the top 100 most powerful, influential and successful real...
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Shlomo Bakhash Buys Williams Club For $9 Million
Real estate investor Shlomo Bakhash has purchased the former Williams Club, a 30,000-square-foot townhouse building at 24 East 39th Street for a little over $9 million New York City property records...
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BGC Partners Chief Executive Officer Howard Lutnick on the Making of NGKF
In one of the biggest real estate stories to break this year, the commercial real estate company Grubb & Ellis filed for bankruptcy in February, listing $150 million in assets and $167 million in...
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Bankruptcy Judge Martin Glenn Approves Grubb & Ellis’ Liquidation Plan
United States Bankruptcy Court Judge Martin Glenn yesterday approved the Chapter 11 liquidation plan of Grubb & Ellis almost a year after BGC Partners closed on its acquisition of the firm's...
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C&W Tapped as Exclusive Leasing Agent for 199 Water Street
Jack Resnick & Sons has selected Cushman & Wakefield as the exclusive leasing agent for One Seaport Plaza at 199 Water Street, it was announced today. A C&W team comprised of John Cefaly,...
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C&W Eyes Tenants New and Old at 199 Water Street
Cushman & Wakefield’s leasing team at 199 Water Street is targeting traditional financial services tenants as well as new media and communications firms for the Downtown property, Robert Constable,...
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Inheriting a Great Real Estate Empire Is More Complicated Than It Looks
Just being born into one of New York City’s family-owned real estate firms does not guarantee you a spot in the C-suite. At least, not at Rudin Management. “You have to show passion and commitment and...
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Credit Suisse Vet Jeremy Stoler Jumps Ship
Jeremy Stoler has left his position on the capital markets group at Credit Suisse, according to several sources familiar with the move. Stoler was a senior member of the team with a focus on commercial...
View ArticleICSC ’17: Newmark Grubb Knight Frank Is Dropping the Grubb and Rebranding
Apparently, Newmark Grubb Knight Frank doesn’t want to be too “Grubby” anymore. The company is rebranding to “Newmark Knight Frank,” a source with intimate knowledge of the company’s decision told...
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