Grubb & Ellis Adds Multi Housing Capabilities to Phoenix Office

PHOENIX, AZ (June 28, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that David Cravath  (top right photo) has joined the company as vice president, Multi Housing Group.

“David’s experience spans all facets of the multi housing sector,” said Pete Bolton, (top left photo)  executive vice president and managing director of Grubb & Ellis’ Phoenix office. “He is a smart and intuitive professional who provides clients valuable insight and I am thrilled to bring his expertise to Grubb & Ellis.”

Cravath joins Grubb & Ellis after spending roughly three years as a founding member of The Phoenix Group. Previously, he owned and managed Cravath Commercial Apartment Advisor, a private company he began in 2000 that focused on land and multi housing sales.

 He joined Iliff Thorn in 1989, which later merged with Colliers International, and spent 10 years as a vice president specializing in multi housing sales. While at Colliers he ranked as the leading multi housing professional for nine years.

Cravath began his career in 1983 with Marcus & Millichap. Since that time, he has closed more than 350 commercial real estate transactions valued in excess of $400 million.

Cravath holds a bachelor’s degree from Rocky Mountain College.

Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com