A two-week period of exclusive negotiations between Grubb & Ellis Co. and New York-based financial brokerage BGC Partners expired Tuesday without an agreement, according to a document filed with the U.S. Securities and Exchange Commission.
Under the agreement, Grubb & Ellis gave New York-based BGC Partners, headed by chief executive Howard Ludnick, from Jan. 16 to 31 to pursue a debt or equity financing deal to buy the company based in Santa Ana, Calif.
