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Grubb & Ellis posts $651,952 operating loss for period ended March 31
By Caroline Salls
Pittsburgh, April 25 - Grubb & Ellis Co. reported a $651,952 operating loss for the period of Feb. 21 to March 31 on $27.76 million in total revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.
The company had $9.79 million in cash and cash equivalents at March 31.
Grubb & Ellis is a Santa Ana, Calif.-based real estate services and investment firm. The company filed for bankruptcy on Feb. 20 under Chapter 11 case number 12-10685.
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