Grubb & Ellis looks to extend plan solicitation period to March 15

By Caroline Salls

Pittsburgh, Dec. 19 - Grubb & Ellis Co. is seeking an extension of its exclusive period for soliciting votes on the plan of liquidation filed on Nov. 14, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend the exclusive vote-solicitation period to March 15 from Jan. 14.

Presuming that the disclosure statement for the plan is approved at a Jan. 9 hearing, Grubb & Ellis said there will not be enough time for it to solicit votes before the current Jan. 14 exclusivity deadline.

A hearing on the exclusivity extension is also scheduled for Jan. 9.

Grubb & Ellis is a Santa Ana, Calif.-based real estate services and investment firm. The company filed for bankruptcy on Feb. 20, 2012 under Chapter 11 case number 12-10685.

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