🠈 BCG Partners 🠊
BCG Partners is a real estate investment firm that was created in 2005 by the investment firm Cantor Fitzgerald in 2004. The company is based in New York and trades on the NASDAQ with the symbol: BGCP.
I will show corporate events of interest in the history of both firms:
- 1945: Bernard Gerald Cantor and John Fitzgerald established the firm.
- 1983: Cantor Fitzgerald became a brokerage service for US Securities.
- 1999: IPO for BCG Partners.
- 2001-09-11: Cantor Fitzgerald lost 658 employees when terrorists attacked the World Trade Center.
- 2004: says Cantor Fitzgerald launched BCG Partners as a separate company.
- 2005: BCG Partners acquired Maxcor Financial Group
- 2008: BCG Partners acquired something called eSpeed
- 2010: BGC Partners acquired MINT Partners
- 2011: BCG Partners acquired a real estate investment and property management firm called Newmark Knight Frank
History of Newmark
- 1929: Newmark was established in NYC
- 2006: Newmark forms a partnership with the London based company Knight Frank which was established in 1897. This US subsidiary changes it name to Newmark Knight Frank
- 2010: Denver based Frederick Ross forms a partnership with Newmark and becomes Newmark Frank Knight Ross
History of Frederick Ross
- 1888: Frederick Ross moved to Denver hoping the drier climate would ease his tuberculosis. Careful diversification helped the firm through the market crash of 1983.
- 1910: Frederick Ross help with the building of the Denver Public Library at Colfax and Bannock.
- Ross was President of the Board of Water Commissioners during the design of the Moffat Tunnel.
- 2010: Ross formed a partnership with Newmark.
- 2013: BCG Partners completed the acquisition of Ross.
- 2012: BGC Partners acquired commercial real estate firm Grubb & Ellis
History of Grubb & Ellis
This history was drawn primarily from Funding Universe.
- 1958: Grubb & Ellis was founded in Northern California by Donald Sr. & John Grubb & Harold Ellis.
- The company expanded through California, add property management services then expanded into Arizona and Colorado in the 1960s and 1970s
- 1980: Grubb & Ellis incorporated in 1980.
- 1981: Grubb & Ellis acquired GMR Properties of Jacksonville, Florida along with select assets from Wright and Company Realtors.
- 1983: Grubb & Ellis began trading on the NYSE. They acquired James Felt Realty, an insurance brokerage called Krueger Insurance Company, a mortgage brokerage called George Smith Financial Corporation, the Marquam Commercial Brokerage Company of Portland, Or, and select assets of Wright and Company Realtors.
- Mid 1980s: they acquired Midwest Realty Exchange of Chicago and entered a partnership with Commercial Realty Services Group of Jacksonville, Fl and with the Adams/Cates Company of Atlanta.
- 1984: Grubb & Ellis acquired Harry S Miller Companies of Dallas which had 28 offices and was the largest real estate firm in Texas.
- by 1997 Grubb & Ellis had a staff of 3,600 with offices in 64 markets and the highest market capitalization in the real estate business.
- 2012: BCG Partners acquired Grubb & Ellis which it merged with Newmark to create Newmark Grubb Knight Frank with initials NGKF. It later drops "grubb" but keeps the initials NGKF.
- 2013: BCG Partners acquired a commercial real estate firm called Smith Mack.
- 2013: BCG Partners acquired a money brokerage firm called Sterling International Brokers Limited
- 2013: BCG Partners entered into a $1.23 Billion deal with NASDAQ for its treasury trading program.
- 2016: BCG Partners acquired an equity derivatives broker called Sunrise Brokers
- Biz Journals - BCG buys out Frederick Ross (Drawn 1/2/2018)
- Knight Frank - Our History (Drawn 1/2/2018)
- Frederick Ross - 117 year history (Drawn 1/2/2018)
- Colorado Springs Color - Commercial Realty: Newmark Knight Frank
- Denver Color - Commercial: BCG Partners
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