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(Reuters) - Grubb & Ellis Co filed for bankruptcy protection amid a slower-than-expected recovery in the commercial property market, and agreed to sell nearly all its assets to the financial services brokerage BGC Partners Inc . Howard Lutnick, chief executive of BGC and also of the boutique investment bank Cantor Fitzgerald LP, said in a statement the purchase reflects BGC's desire to "build a premier position" in real estate services. BGC in October bought Newmark Knight Frank, a New York real estate services company that employs more than 7,000 people. ...?
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Source: http://www.financeroom.net/?p=272435
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