Grubb & Ellis Company Promotes Jason Stewart and Rick O’Brien to Senior Vice President

PITTSBURGH, PA (Feb. 4, 2009) – Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, today announced it has promoted Jason Stewart (middle left photo) to senior vice president, Office Group, and Rick O’Brien, (top right photo) CPA, SIOR, to senior vice president, Industrial Group. The promotions recognize their levels of production and contributions to the company.

“Jason and Rick have completed some of the most important recent transactions in this market,” said Duke Kingsley, executive vice president, managing director of the company’s Pittsburgh office. “Combined with attentive and responsible client service, their performance makes them huge contributors to our success.”

Stewart joined Grubb & Ellis in 1995 and specializes in the Pittsburgh central business district and suburban office markets. In 2008, Stewart was awarded the President’s Council designation by Grubb & Ellis for outstanding production and leadership.

O’Brien has been with Grubb & Ellis since 2000 and specializes in industrial leasing and sales. He is a member of the Grubb & Ellis Industrial Council and the Logistics Group Specialty Council.

Contact: Erin Mays, Phone: 312.698.6735. Email: erin.mays@grubb-ellis.com

Industry Veteran Steve Rahe Joins Grubb & Ellis Company from CB Richard Ellis

DENVER, CO (Feb. 04, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading provider of integrated real estate services, today announced that 23-year commercial real estate veteran Steve Rahe has joined its Denver office as senior vice president, Investment Services. He will specialize in multifamily property sales.

“Steve exemplifies the kind of individual Grubb & Ellis prizes,” said Mark Ballenger, executive vice president, managing director of the company’s Denver office. “He is an experienced real estate professional with a lengthy and successful career who enjoys a reputation for integrity and exceptional client service.”

Rahe joins Grubb & Ellis from CB Richard Ellis, where he had spent the entirety of his professional real estate career and served as a first vice president focusing on the sale of apartment communities throughout the state of Colorado.

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