Grubb & Ellis Company Receives $18M Financing Commitment From Colony Capital

By Benzinga Staff
March 30, 2011 4:37 PM

Symbols: GBE

Grubb & Ellis Company (NYSE: GBE) today announced that it has received an $18 million financing commitment from Colony Capital, LLC, a private, international investment firm focusing primarily on debt and equity investments in real estate-related assets and operating companies, headquartered in Los Angeles.

In conjunction with this financing, Colony was granted the right to an exclusive 60-day negotiating period during which it can evaluate a potential larger strategic investment with Grubb & Ellis.

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Grubb & Ellis Company Receives $18M Financing Commitment From Colony Capital

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