Branson Edwards Joins Grubb & Ellis in Chicago Office

SANTA ANA, CA (Nov. 11, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Branson Edwards (top right photo)  has joined the company as executive vice president, managing director of the company’s Retail Occupier Services Group, effective immediately.

 Edwards brings 19 years of experience that includes executive positions in the retail and retail real estate services industries.

“Branson brings tremendous retail real estate field execution and corporate management experience,” said Jack Van Berkel, (top left photo) chief operating officer and president, Real Estate Services. “He has participated in developing and managing thousands of stores as a retailer and as a service provider. Bringing him on board is a big step toward enhancing the level of service we can provide our retail occupier clients.”

Based in the Chicago office, Edwards will lead the newly created group, developed to deliver strategic consulting, tenant representation brokerage, asset management, project management, lease administration and facilities management services to retailers nationally.

 As part of his responsibility, Edwards will develop the company’s Retail Tenant Representation Practice Group, as well as recruit experienced retail corporate services and tenant representation brokerage professionals throughout the country.

Most recently, Edwards was managing director of Jones Lang LaSalle’s Retail Outsources Services. He founded retail real estate services company The Standard Group, which merged with Jones Lang LaSalle in early 2008.

The Standard Group outsourced real estate department and management functions for retailers, managing both high growth new store rollouts and existing store portfolios for clients such as T-Mobile USA Inc., Hollywood Video and Buffalo Wild Wings.

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

Grubb & Ellis Company Reports 2009 Third Quarter Results

SANTA ANA, CA  (Nov. 11, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today reported revenue of $136.1 million for the third quarter of 2009, compared with revenue of $153.2 million for the third quarter of 2008. The company reported revenue of $385.1 million for the first nine months of 2009, compared with revenue of $468.8 million for the comparable 2008 period.

The net loss attributable to the company for the third quarter of 2009 was $21.4 million, or $0.34 per share, compared with a net loss of $56.3 million, or $0.88 per share, for the same period a year ago.

For the first nine months of 2009, the company reported a net loss of $95.7 million, or $1.51 per share, compared with a net loss of $68.0 million, or $1.07 per share, for the first nine months of 2008.

For a complete copy of the company's new release and financials, please contact:
Janice McDill, Phone: 312.698.6707, Email: janice.mcdill@grubb-ellis.com