Commercial

BGC Partners to Buy Grubb & Ellis as Brokerage Files for Bankruptcy

Howard Lutnick's BGC Partners Inc. (NASDAQ: BGCP) has agreed to buy the commercial real estate brokerage Grubb & Ellis Co.(PINK:GRBE), which will file for Chapter 11 bankruptcy protection after declining revenue from the commercial real estate bust.

$147.5 Million Sale of Class A Medical Office Buildings in San Diego Closed by HFF

HFF has closed the sale of two Class A medical office buildings totaling 253,676 square feet in San Diego, California, as it is claimed.

U.S. hotel market performed well in Early February

The U.S. hotel industry experienced increases in all three key performance metrics during the week of 5-11 February 2012, according to latest report from Smith Travel Research(STR).
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