Getting your player ready...
Grubb & Ellis Co. said it hired investment firm JMP Securities LLC to explore strategic alternatives, which could include a potential sale or merger of the commercial-real-estate and investment company.
Shares of Grubb & Ellis jumped 9 percent to $1.07 in after-hours trading Tuesday.
Chairman C. Michael Ko jaian said that while the company’s management team has made progress restructuring the business and driving top- line growth, “we believe now is the time to explore opportunities on how to best leverage” the capabilities of Grubb & Ellis.
