Jim Donovan Joins Grubb & Ellis as Vice President, Multi Housing

SACRAMENTO, CA) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Jim Donovan, (top right photo) LEED AP, has joined the firm as vice president, Multi Housing Group.

“With 15 years of experience in all facets of multi housing commercial real estate, Jim’s reputation as a leading multi housing professionals spans the Western United States,” said Bob Dean,  (lower left photo) executive vice president and regional managing director of Grubb & Ellis’ Pacific Northwest offices.

 “His many relationships, coupled with his knowledge and penchant for service excellence, will be a tremendous value to our company and our clients.”

Donovan previously was senior vice president of Apartment Energy Consultants where he aided owners of multi-family projects in the western U.S. with the 45L Federal Tax Credit Program provided to owners of energy efficient homes.

Prior to joining Apartment Energy Consultants in 2007, he spent four years as the vice president of acquisitions and development for the California division of American Capital Group. In this role, he oversaw the development of approximately 1,500 apartment units valued in excess of $200 million. Donovan began his career in multi housing real estate serving as president of JD Development Company, a private firm he began in 1995.

He holds a bachelor’s degree from the University of California, Davis.

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

Grubb & Ellis Declares Preferred Stock Dividend

SANTA ANA, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced  that its board of directors has declared a dividend of $3.00 per share on the company’s 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of June 18, 2010. The dividend is for the quarterly period from April 1, 2010 and is payable on June 30, 2010.

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

Grubb & Ellis Equity Advisors Eliminates Potential REIT Internalization Fees

SANTA ANA, CA (June 03, 2010) – Grubb & Ellis Equity Advisors, the primary real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), announced today that it has eliminated potential internalization fees for the non-traded real estate investment trusts for which it provides advisory and management services.

Currently registered offerings affected by the policy are Grubb & Ellis Healthcare REIT II, Inc. and Grubb & Ellis Apartment REIT, Inc.

“We have taken this action because we believe it is in the best interests of the stockholders whom have invested in our real estate investment trusts,".said Thomas P. D’Arcy, (top right photo)  chairman of Grubb & Ellis Equity Advisors and president and chief executive officer of Grubb & Ellis Company.

"This action further reinforces that Grubb & Ellis Equity Advisors is fully focused on working to provide superior returns to our investors and we believe our sponsorship philosophy will help build long-term brand value for Grubb & Ellis as a leading sponsor in the non-traded REIT sector.

 “This decision clearly demonstrates our commitment to our partnership with the broker-dealer community, registered representatives and individual investors.”

Grubb & Ellis is the first major sponsor of publicly-registered, non-traded REITs to eliminate potential internalization fees, which are typically paid when a REIT matures to the point that its board of directors determines that the REIT should become internally managed. Between 2000 and 2007, seven non-traded REITs paid internalization fees ranging from $68 million to $375 million.

“This new policy represents potentially substantial investor savings and is consistent with our ‘investor first’ philosophy,” said Jeff Hanson, (middle left photo)  president and chief executive officer of Grubb & Ellis Equity Advisors.

“Through this decisive action, Grubb & Ellis Equity Advisors directly aligns its interests with those of its non-traded REIT stockholders and demonstrates our commitment to the success of our investment programs.”

Publicly registered, non-traded real estate investment trusts raised approximately $58.7 billion in investor equity between 2000 and 2009. The industry is expected to raise between $7.5 billion and $8 billion in 2010, according to Robert A. Stanger & Company, which tracks the sector.

Contact:

Damon Elder. Senior Director, Communications, Grubb & Ellis Equity Advisors, LLC, 1551 N. Tustin Avenue, Suite 200, Santa Ana, California 92705, 714.667.8252 ext. 52659, 714.975.2659 direct
714.356.1460 cell, http://equityadvisors.grubb-ellis.com/

Heather Densmore Shover Joins Grubb & Ellis's Dallas Office as Vice President, Agency Leasing

DALLAS (Feb. 2, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Heather Densmore Shover (top right photo) has joined its Dallas office as vice president, Agency Leasing where she will primarily focus on agency leasing in the far north Dallas submarket.

“Grubb & Ellis is dedicated to building the most talented and hard working team of professionals in order to provide our clients with the finest service and highest value in the commercial real estate arena,” said Moody Younger, executive managing director of Grubb & Ellis’ Texas operations. “Heather exemplifies these qualities and is a tremendous addition to our team in Dallas.”

Since assuming his role with Grubb & Ellis in April 2008, Younger has recruited 10 experienced transaction professionals to the company’s Dallas office.

Prior to joining Grubb & Ellis, Shover spent nearly three years as a senior associate at Stream Realty Partners L.P., a local full-service real estate investment, development and services company . Prior to entering the commercial real estate field, she was a senior consultant at Deloitte Consulting LLP.

Shover received an MBA from the University of Texas, Austin.

Contacts: Julia McCartney, Damon Elder Phone: 714.975.2230; 714.975.2659. Email: julia.mccartney@grubb-ellis.com; damon.elder@grubb-ellis.com