Grandbridge Real Estate Capital - Out of Business?
Heard a rumor today that every single Grandbridge employee that is in production (i.e. sales/debt brokerage) was told that today was their last day and to turn in their laptop. The company has been bleeding talent fast/ &T , but then I look on Truist's careers page and see that they are bankers (i.e. sales/debt brokerage) at many offices across the country. Truly wild and unprecedented if they literally cannibalized a decently well respected cap market brokerage firm, fired everyone, and are trying to re-hire from the ground up.
Does anyone have any inside baseball either from the Grandbridgeside on what is happening?