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Grubb & Ellis Has Green Light to Auction Assets

Wednesday, 21 March 2012 12:24
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Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York has ruled that the sale of Grubb & Ellis Co.'s assets would go forward under an amended schedule. Judge Glenn set a March 21 auction, following objections from several of its largest creditors seeking to block or postpone the proposed sale to BGC Partners Inc. for $30 million.

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