Grubb & Ellis Company Names James Jones Executive Vice President Operations

Jones is Company's Sixth Key Management Hire Since April

SANTA ANA, Calif., July 22, 2008 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, today announced that James Jones will join the Company effective July 28 as Executive Vice President Operations.

He joins Grubb & Ellis from CB Richard Ellis where he held a similar role."I couldn't be more pleased that Jim will be joining Grubb & Ellis," said Jack Van Berkel, (top right photo) Executive Vice President and Chief Operating Officer. "He brings a wealth of management and operations expertise to this new position, and I'm confident he will play a key role in our efforts to better structure Grubb & Ellis for operating efficiency and client service."

In his new role, Jones will be responsible for the Company's merger integration efforts, Operations, Research and the Grubb & Ellis Affiliate Program.

Over the past several months, Grubb & Ellis has significantly strengthened its management team. In addition to Jones, the Company recently hired:

-- Greg Coxon, a 25-year commercial real estate veteran who spent 20 years at CB Richard Ellis in a variety of management roles as President, Transaction Services - Western Region;

-- Glen Esnard, formerly President, Brokerage Services at Colliers International and a 30-year industry veteran with considerable brokerage and alternative real estate investment product experience, as President, Capital Markets;

-- Brett Hunsaker, one of the industry's most recognized business development professionals as Executive Vice President, Business Development;

-- Moody Younger as Executive Vice President, Managing Director, Texas; and-- Chuck Hunt as Executive Managing Director, responsible for the Company's Los Angeles County offices.

CONTACT: Janice McDill of Grubb & Ellis Company, +1-312-698-6707 ,janice.mcdill@grubb-ellis.com Web site: http://www.grubb-ellis.com/