BGC purchase of Grubb & Ellis expected to close in early April

BGC Partners’ purchase of nearly all the assets of the bankrupt commercial brokerage Grubb & Ellis is set to close in the coming weeks, a statement released by the firm today said.

On Tuesday, a U.S. Bankruptcy Court judge approved BGC’s purchase of Grubb, the California-based firm that filed for bankruptcy Feb. 20.

Sign Up for the undefined Newsletter

“The company expects to close the acquisition of substantially all of the assets of Grubb & Ellis Company in early April,” BGC’s statement said. — Adam Pincus