Nick Chop Commercial Appraisals

Commercial real estate valuation throughout North Florida.

Grubb & Ellis Commercial Real Estate Brokerage Sold

Grubb & Ellis

Grubb & Ellis Company

 

BGC Partners purchases commercial real estate company

BGC Partners acquired Grubb & Ellis a commercial real estate brokerage along with the appraisal arm Grubb & Ellis Landauer Valuation Advisory Services. Grubb & Ellis had filed for Chapter 11 bankruptcy protection in February and had been looking for a buyer for nearly a year. Over the last several months Grubb has lost commercial real estate brokers to competitors in many markets. Purchase price is not known but thought to be +$40,000,000. The company merged with a Jacksonville, Florida based GMR Properties in 1981 that allowed Grubb’s commercial real estate entrance to the east coast. Grubb & Ellis has been a leader in commercial real estate brokerage and property management since the 1980’s.  Today, Jacksonville’s Grubb & Ellis brokerage is Grubb & Elllis Phoenix Realty Group which began in the early 1990’s.

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