BCG Forms
Newmark Grubb Knight Frank
April 13, 2012 - BGC Partners, Inc. (NASDAQ: BGCP) ("BGC"), a leading global brokerage company, today announced the closing of its acquisition of assets of Grubb & Ellis Company ("Grubb & Ellis"), following the recent approval of the transaction by the U.S. Bankruptcy Court for the Southern District of New York.
BGC is rapidly integrating Newmark Knight Frank, one of the largest commercial real estate firms in the U.S. which it acquired in October 2011, with Grubb & Ellis, one of the nation’s best-known commercial real estate brands, forming Newmark Grubb Knight Frank, its new full-service commercial real estate platform. In addition to the Grubb & Ellis professionals now joining the combined firm, Newmark Knight Frank has added over 50 top producing brokers in offices across the country in the last several months.
To read the full press release, please click here.
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Good News Friday May 18, 2012
Energy Optimism
The prices of a barrel of oil and a gallon of gasoline have eased in recent weekls, amounting to a de facto tax cut putting more money in the pockets of consumers. A gallon of West Texas Intermediate crude oil delivered at Cushing, OK, which peaked this year at $109.39 per barrel on February 4th, slipped to $93.97 this past Tuesday, a 14% drop. The price of a gallon of regular gasoline rose in 13 of the first 14 weeks of 2012, reaching a peak of $3.877 the week of April 9th, but it has fallen in each of the past five weeks to $3.658. Prices have declined on rising inventories combined with softer economic data in the U.S.
The long-term outlook is downright rosy as reported in Wednesday's headline story in the USA Today.
Click here to read more.
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