Grubb & Ellis Realty Investors Awarded Multiple TOBYs by BOMA

SANTA ANA, CA– Grubb & Ellis Realty Investors, LLC announced that two Las Vegas area properties owned and managed on behalf of tenant-in-common investors, Sienna Office Park I (middle left photo) and City Centre Place, (top right photo) have received The Office Building of the Year (TOBY) award from the local chapter of the Building Owners and Managers Association International (BOMA).

“Grubb & Ellis Realty Investors strives to acquire buildings of the highest caliber and to manage the operations of these assets at a similarly high level on behalf of our program investors,” said Kent Peters, (top left photo) executive vice president of asset management, Grubb & Ellis Realty Investors.

“Grubb & Ellis Management Services has done an excellent job as the property managers, and our partnership speaks volumes about the strength of the newly integrated Grubb & Ellis Company.”

Acquired by Grubb & Ellis Realty Investors in June 2007, Sienna Office Park I consists of two newly developed Class A office buildings totaling more than 101,000 square feet in Henderson, Nevada.

Located at 2850 West Horizon Ridge Parkway, the asset received the TOBY in the category for buildings with less than 100,000 square feet of rentable area.

City Centre Place, acquired by the company in November 2004, is a 103,199-square-foot, Class A six-story, multi-tenant office building with ground retail space in Las Vegas. The asset was awarded the local TOBY in the 100,000 to 249,999-square-foot office building category; City Centre Place was similarly recognized in 2006.

Elizabeth Grossman, vice president of asset management, Grubb & Ellis Realty Investors, serves as the asset manager for each property. Andrea King and Mary Frankert, property managers with Grubb & Ellis Management Services’ Las Vegas office, make up the property management team responsible for the day-to-day operation of the properties. Jeff Goodwin is the building engineer for City Centre Place and Jarod Waisanen serves as the maintenance technician for Sienna Office Park I.

Contacts:

Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

Damon Elder, Phone: 714.975.2659. Email: damon.elder@grubb-ellis.com

Matthew A. Engel Named SVP, Accounting and Finance, Chief Accounting Officer

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has named veteran finance executive Matthew A. Engel senior vice president, accounting and finance and chief accounting officer, effective immediately.

Engel, 41, will have responsibility for the company’s corporate accounting, tax, financial risk management and treasury functions. He reports to Richard W. Pehlke, (middle right photo) executive vice president and chief financial officer.

“Matt brings years of invaluable public company finance and accounting experience to the position of Grubb & Ellis’ chief accounting officer, said Pehlke. “We expect his leadership will be a great asset as we continue to transition our financial reporting operations and move forward with our growth strategy.”

Engel joins Grubb & Ellis from H&R Block, Inc., where he spent seven years in various senior finance leadership positions. Engel is a Certified Public Accountant and holds a bachelor’s degree from University of Northern Iowa.

Contacts:

Janice McDill, 312.698.6707, janice.mcdill@grubb-ellis.com

Damon Elder, Phone: 714.975.2659. Email: damon.elder@grubb-ellis.com

Commercial Real Estate Veteran David Wu from CB Richard Ellis Joins Grubb & Ellis Company as SVP

ONTARIO, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that commercial real estate veteran David Wu has joined its Ontario office as a senior vice president with the Industrial Group.

Wu specializes in the marketing of large institutionally owned assets in the eastern San Gabriel Valley and western Inland Empire and the sourcing of opportunities for industrial developments and acquisitions. He also provides real estate advisory and brokerage services to public and private sector clients. Wu has been a commercial real estate professional for 13 years.

“We are very pleased to have a professional of David’s caliber join our team,” said Mano Leventakis, senior vice president and managing director for Grubb & Ellis in the Inland Empire. “He brings a unique skill set that will allow us to provide an enhanced level of service to our clients.” Wu comes to Grubb & Ellis from CB Richard Ellis where he was a first vice president.

Contacts:

Sharon Abar, 714.975.2185, sharon.abar@grubb-ellis.com

Damon Elder, Phone: 714.975.2659, Email: damon.elder@grubb-ellis.com

Commercial Real Estate Veteran Richard Economou Joins Grubb & Ellis

SANTA ANA, CA (Nov. 19, 2008) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Richard Economou has joined the firm’s New York office as executive vice president. Specializing in the finance, insurance and real estate sectors, he brings over two decades of commercial and retail real estate experience to the firm, including experience with real estate turnaround transactions.

“I couldn’t be more pleased to make this move to Grubb & Ellis at this time in my career,” Economou said. “I’ve worked in this business for 20 years and I’ve seen a lot. This market is a particularly interesting one, because it brings real concrete opportunities for us. This is my kind of market, and Grubb & Ellis New York is perfectly poised to take advantage of it.”

Prior to joining Grubb & Ellis, Economou was senior vice president of New York and National Accounts for Equis Corporation. He recently won the Coldwell Colbert Circle Award, given to the top 3 percent of producers worldwide. Prior to joining Equis Corporation, Economou spent five years at CB Richard Ellis with a focus on tenant representation within the finance, insurance and real estate sectors.

Contact: Janice McDill, Phone: 312.698.6707. Email: janice.mcdill@grubb-ellis.com