The venerable commercial real-estate brokerage firm Grubb & Ellis Co. is changing its name as part of a bankruptcy merger.
The company’s new name is Newmark Grubb Knight Frank.
BGC Partners Inc., a New York-based financial services firm, today announced the closing of its acquisition of assets of Grubb & Ellis after approval of the deal by the U.S. Bankruptcy Court for the Southern District of New York.
Grubb & Ellis had proposed the acquisition as part of a prepackaged Chapter 11 bankruptcy filing in February.
BGC said it is rapidly integrating Newmark Knight Frank, a commercial real-estate firm it acquired in October, with Grubb & Ellis, to form Newmark Grubb Knight Frank as a new full-service commercial real estate platform.
Founded in San Francisco in 1958, Grubb & Ellis was first incorporated in Arizona in 1981, according to state records.