G & E files for bankruptcy

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BGC Partners will buy the assets of Grubb & Ellis Co., which filed for bankruptcy in February.

Grubb & Ellis listed $150 million in assets and $167 million in debt in its Chapter 11 filing. The brokerage was dumped as the sponsor of Grubb & Ellis Healthcare REIT II in November. American Healthcare Investors and Griffin Capital became the co-sponsors and renamed the REIT the Griffin-American Healthcare Trust Inc. Recent acquisitions by the REIT include 10 skilled nursing facilities in the Southeast last fall for $166.5 million.