BGC Partners Buys Denver Real Estate Firm Frederick Ross

BGC Partners (NASDAQ: BGCP  ) has acquired Frederick Ross, a prominent Denver commercial real estate company, BGC announced today. It did not disclose financial terms of the deal.

Since 2010, Frederick Ross has been a partner firm of what is now known as Newmark Grubb Knight Frank, a leading real estate company. BGC acquired Newmark Knight Frank in 2011 and absorbed the former Grubb & Ellis the following year.

Longtime Frederick Ross President and CEO Jack Box will serve as chairman for the relevant NGKF region, BGC said in its statement. BGC quoted NGKF CEO Barry Gosin as saying that with the new acquisition "we will continue to work collaboratively to grow our presence in this important market."

BGC Partners also announced it had acquired Smith Mack, an independent full-service commercial real estate services firm operating in Philadelphia and surrounding regions. Financial terms of that deal were also not disclosed. Smith Mack has been a partner of Newmark Grubb Knight Frank since 2009.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2175730, ~/Articles/ArticleHandler.aspx, 12/20/2014 12:21:07 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement