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Grubb & Ellis

New York, NY
Grubb-&-Ellis
Grubb & Ellis
Grubb & Ellis was a commercial real estate brokerage and advisory firm dating from 1958, with a New York City presence since 1985. It was acquired in April 2012 by BGC Partners, a wing of Cantor Fitzgerald, and was folded into a one-time rival. At the time of the acquisition, Grubb & Ellis had a New York regional staff of 1,000, including debt and equity experts; financial analysts; and appraisers. They worked out of five offices, including the regional headquarters at 125 Park Avenue; and the firm managed more than 36 million square feet of commercial space in the New York City area. The has been integrated with the old Newmark Knight Frank, the commercial brokerage and advisory firm acquired by Cantor Fitzgerald in 2011. Much of Grubb & Ellis regional work had come from outside the city, including in Westchester County and Connecticut; and the firm for a long while struggled to gain a significant workload in prime Manhattan, even filing for bankruptcy protection in February 2012. Cantor Fitzgerald was able to acquire its assets through the bankruptcy filing for the relative bargain price of $51 million. The new firm is called Newmark Grubb Knight Frank. Cantor Fitzgerald C.E.O. Howard Lutnick has said the firm will roll out by the end of 2012 property derivatives pegged to rents in individual buildings so landlords and tenants can hedge against unexpected market volatility. -TA
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03/07/13
A state bankruptcy judge approved Grubb & Ellis’ liquidation plan on Wednesday, almost a year after the struggling commercial firm was acquired by BGC Partners,...
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08/06/12
BGC Partners has filed suit alleging that Avison Young, a Toronto-based commercial real estate brokerage, has “illegally looted” business from its recently acquired Grubb &...
From left: Jonathan Miller, now of Lee & Associates, the Barney's space on Madison Avenue and 9 West 57th Street
06/25/12
New York City newcomer Lee & Associates is continuing its expansion here with more “specialized hires,” a spokesperson for the national brokerage told The Real...
BGC CEO Howard Lutnick
04/12/12
BGC Partners closed on the acquisition of bankrupt commercial brokerage Grubb & Ellis last night, the New York Observer reported. The Observer did not mention...
Grubb & Ellis
03/29/12
BGC Partners’ purchase of nearly all the assets of the bankrupt commercial brokerage Grubb & Ellis is set to close in the coming weeks, a...
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03/21/12
An auction scheduled for today to sell nearly all the assets of the distressed California-based brokerage Grubb & Ellis was cancelled yesterday, leaving stalking-horse bidder...
03/06/12
Financial brokerage BGC Partners plans to increase its stake in the foundering commercial firm Grubb & Ellis by injecting an additional $10 million so that...
From left: Howard Lutnick, CEO of TK, and Scott Markowitz of TK
02/29/12
A federal bankruptcy court judge in Manhattan responded yesterday to a group of creditors frustrated over the speed of the potential BGC Partners acquisition of...
G&E
02/21/12
New York City’s commercial property insiders are digesting the news that Midtown-based finance and property brokerage firm BGC Partners has agreed to buy the assets...
G&E
02/21/12
Grubb & Ellis is selling its assets to BGC Partners, the commercial brokerage said last night, and filed for Chapter 11 bankruptcy protection. The deal...
BGC Partners CEO Howard Lutnick
02/01/12
Midtown-based financial brokerage BGC Partners, which bought Newmark Knight Frank’s American real estate brokerage division last year, chose not to acquire or provide financing to the...
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01/17/12
Howard Lutnick’s BGC Partners, which bought Newmark & Company last year for $63 million in cash plus additional stock, is in talks to invest in...
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01/06/12
The New York Stock Exchange suspended trading of the stock of commercial real estate firm Grubb & Ellis today, and the stock traded on the...
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10/31/11
Andrew Farkas, chairman and CEO of C-III CapitalEarlier this month, investor Andrew Farkas purchased a stake in national brokerage firm Grubb & Ellis in an...
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06/02/11
One of the largest independent commercial property firms in Canada that has been on an expansion burst in the United States over the past 18 months...
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05/31/11
Grubb & Ellis said the exclusive negotiation period for the struggling commercial real estate brokerage to hammer out an acquisition or other strategic alliance with...
03/22/11
Commercial real estate brokerage Grubb & Ellis may soon put itself up for sale. According to Bloomberg News, the company said in a regulatory filing...
09/01/10
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01/08/10
While New York City may be known for its pricey office space, that paradigm could change soon. Washington, D.C. is inching closer to the Big...
09/09/09
Three middle-market sales pros from the capital markets group of full-service commercial firm Cushman & Wakefield have moved to the New York office of brokerage Grubb &...
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08/18/09
Commercial real estate services company Grubb & Ellis could be delisted from the New York Stock Exchange because it has had less than $50 million in market...
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03/23/09
Office rents are dropping steadily as more space comes onto the market and landlords are competing for tenants. Manhattan office rents have fallen 25 to...
12/29/08
On Fox Business news last week, David Arena, president of Grubb & Ellis, discussed why the commercial real estate market deserves a bailout (which he said should really be...
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10/06/08
Patrick Breslin, former president of the retail group at GVA Williams, has joined the New York office of Grubb & Ellis as president of the firm's east...
  • Event Office Leasing
  • Address 110 West 40th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 2,639
  • Price per foot $ 39.00
notes
The technology advisory firm signed a new lease.
  • Event Retail Leasing
  • Address 605 West 48th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 22,500
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 605 West 48th Street
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Alan Weisman, David Cekolis, Stuart Siegel
  • Party 2 La Boom
  • Party 2 Brokerage Drew Tishman Enterprises
notes
The Latin night club signed a lease.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,377
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 40 Wall Street
  • Party 2 Real Estate Resource Group
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Ilan Hoffman
notes
The real estate services firm signed a five-year lease.
  • Event Office Leasing
  • Address 40 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,377
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 40 Wall Street
  • Party 2 Real Estate Resource Group
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Ilan Hoffman
notes
The real estate services firm signed a five-year lease.
  • Event Office Leasing
  • Address 22 Cortlandt Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 126,000
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Barrett Stern
  • Party 2 Municipal Credit Union
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Barry Rosner, Stephen Schofel
notes
The credit union signed a new 15-year lease.
  • Event Office Leasing
  • Address 575 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 15,475
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 L'Oreal USA
  • Party 1 Brokerage CBRE
  • Party 1 Broker Jason Frazier
  • Party 2 Navillas Tile
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Daniel Woods
notes
The construction company signed a four-year sublease.
  • Event Retail Leasing
  • Address 125 East 39th Street
  • Neighborhood Murray Hill
  • Borough Manhattan
  • Square feet 4,545
notes
The vegan Japanese restaurant signed a 10-year lease.
  • Event Office Leasing
  • Address 875 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 4,348
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 Elan Pharmaceuticals
  • Party 2 Symphony Capital
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barry Lewen
notes
The investment firm signed a sublease extension.
  • Event Office Leasing
  • Address 390 Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 6,000
notes
The advertising and design firm signed a 10-year lease.
  • Event Office Leasing
  • Address 390 Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 6,000
notes
The advertising and design firm signed a 10-year lease.
  • Event Office Leasing
  • Address 225 Varick Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 12,978
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 Trinity Church
  • Party 2 Optomen Productions
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Robert Yaffa, Wayne Van Aken
notes
The production company signed a 10-year lease.
  • Event Office Leasing
  • Address 22 Cortlandt Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 126,000
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 Mayore Estates
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Barrett Stern
  • Party 2 Municipal Credit Union
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker S. Sehosel, Barry Rosner
notes
The financial services firm signed a 15-year lease renewal.
  • Event Office Leasing
  • Address 210 11th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,338
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 Onbar
  • Party 2 Third Generation Art
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Stephen Siegel, David Cekolis
notes
The art gallery signed a five-year lease.
  • Event Office Leasing
  • Address 20 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,586
notes
The healthcare services firm signed a five-year lease.
  • Event Office Leasing
  • Building Name Tower 45
  • Address 120 West 45th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 10,750
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 Pzena Investment Management
  • Party 2 Perimeter Internetworking
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barry Lewen
notes
The e-security and technology firm signed a four-year sublease.
  • Event Office Leasing
  • Address 1001 Sixth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 5,173
  • Publication Date 02/01/2012
  • Event Date 12/23/2011
  • Party 1 1001 Sixth Avenue Associates
  • Party 2 Strategic Products & Services
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Ira Rovitz
notes
The technology firm signed a five-year lease.
  • Event Retail Leasing
  • Address 2484 Adam Clayton Powell Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 675
notes
The tax services firm signed a five-year retail lease.
  • Event Retail Leasing
  • Address 2236 Adam Clayton Powell Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Square feet 760
notes
The pediatric speech therapy firm signed a five-year lease for retail space.
  • Event Retail Leasing
  • Address 1065 Park Avenue
  • Neighborhood Carnegie Hill
  • Borough Manhattan
  • Square feet 700
notes
The dog daycare center signed a retail lease.
  • Event Office Leasing
  • Address 885 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 1,930
notes
The financial services firm signed a five-year lease.
  • Event Office Leasing
  • Address 112 West 34th Street
  • Neighborhood Penn Plaza
  • Borough Manhattan
  • Square feet 3,425
  • Publication Date 01/01/2012
  • Event Date 11/22/2011
  • Party 1 112 West 34th Street Company
  • Party 2 Taylor Consulting & Contracting
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Ira Rovitz
notes
The energy consulting firm signed a five-year lease.
  • Event Retail Leasing
  • Address 2039 Broadway
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 3,500
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Stan Lindenfeld
  • Party 2 Ricky's
  • Party 2 Brokerage Task Realty
notes
The accessories chain signed a lease for a pop-up store.
  • Event Retail Leasing
  • Address 77 West 68th Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 680
notes
The women's apparel firm signed a 15-year lease.
  • Event Office Leasing
  • Address 805 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 6,193
  • Publication Date 12/01/2011
  • Event Date 10/22/2011
  • Party 1 805 Third New York
  • Party 2 Polsinelli Shughart PC
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Michael Gottlieb, Hadley Springer
notes
The law firm signed a five-year lease.
  • Event Office Leasing
  • Address 520 Eighth Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 13,703
notes
The engineering firm signed a 10-year lease.
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