Grubb & Ellis Launches “Building Knowledge” Blog by Chief Economist Bob Bach

SANTA ANA, CA  (Mar. 17, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has launched “Building Knowledge,” a blog by Bob Bach, (top right photo) senior vice president and chief economist.

The blog features Bach’s commentary on the economy and its effect upon the commercial real estate market.

“This blog enables Grubb & Ellis to increase the value of the market research expertise we provide to clients and the business community at large,” said Jack Van Berkel, (bottom left photo) chief operating officer and president, Real Estate Services.

“I also couldn’t be more pleased that Bob has agreed to author it. ‘Building Knowledge’ gives Bob the platform to do more of what our clients rely on him for most – looking at economic news and trends of the day through the lens of the commercial real estate industry’s most respected market analyst.”

In his first post, Bach discusses debt, the federal deficit and the long-term effect they will have on the economy. For this and future blog posts, visit http://bobbach.wordpress.com.

Bach brings 35 years of experience in real estate market research, consulting and city planning and has been the leader of Grubb & Ellis’ market research department since 1998.

He authors the company’s national market publications, is a frequent speaker at industry events and is quoted widely by the financial and trade media. He works with the company’s researchers in more than 100 markets to insure that Grubb & Ellis proprietary data is accurate and the analysis provided to clients is useful and insightful.

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

Grubb & Ellis and Real Property Tax Advisors Join Forces to Expand Company’s Real Estate Services Platform

SANTA ANA, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  has formed a limited liability company with Real Property Tax Advisors, Inc., an Atlanta-based property tax services firm, to provide its clients a full range of tax advisory services.

The new entity, Grubb & Ellis–Real Property Tax Advisors LLC, will serve clients nationally.

“Real Property Tax Advisors is a firm we’ve had a relationship with for some time,” said Eric Forshee, executive managing director, Grubb & Ellis Management Services. “They have a solid reputation, a national presence and share our commitment to exceptional service. As we work with our clients to address their real estate issues, this is just one of many avenues we explore to minimize costs and create value.”

Providing property tax services since 1972, Real Property Tax Advisors offers property tax management; property tax appeal; litigation support; personal property compliance; personal property audit support; and consulting. The firm prides itself on its strategic approach to managing the entire property tax process. Its appeal success rate is significantly higher than the industry average, resulting in measurable cost savings for its clients.

Anne Sheehan, chairman and president, Real Property Tax Advisors, said, “We are excited to further strengthen our relationship with Grubb & Ellis. The company’s strong brand recognition and expertise managing a wide range of corporate and investment real estate portfolios is a perfect fit for our team of expert tax advisors.”

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

Thomas P. D’Arcy Named President and CEO of Grubb & Ellis

SANTA ANA, CA (Nov. 9, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Thomas P. D’Arcy will join the company as president, chief executive officer and a member of the board of directors, effective Nov. 16.

“Tom is an experienced and respected executive in the commercial real estate industry and we are extremely pleased to have him joining our company. With the recent completion of the company’s recapitalization, we are confident that Tom will accelerate the execution of Grubb & Ellis’ growth strategy and build long-term value for stockholders,” said C. Michael Kojaian, (top right photo) chairman of the board of Grubb & Ellis Company.

 “I also want to take this opportunity to thank Gary Hunt (bottom left photo) for the time and effort he devoted to the company as interim CEO.”

D’Arcy, 49, brings 25 years of successful leadership experience at various public and private real estate companies, and is currently the non-executive chairman of Inland Real Estate Corporation (NYSE: IRC), a $1.5-billion REIT where he has served as an independent director since 2005.

 D’Arcy also previously served as chairman and chief executive officer of Bradley Real Estate, Inc., a NYSE-listed real estate investment trust, from 1989 to 2000.

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

Grubb & Ellis Files Five-Day Extension for Third,Quarter

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has filed a Form 12b-25 with the Securities and Exchange Commission related to the filing of its Form 10-Q for the third quarter ended September 30, 2009.

The company said that the extension is necessary to include information on its $90 million preferred equity transaction, which is expected to close on or about November 6. Grubb & Ellis expected to file its Form 10-Q within the five-day extension period afforded by Form 12b-25.

Grubb & Ellis has scheduled a live webcast to discuss its 2009 third quarter results on Wednesday, November 11, at 10:30 a.m. Eastern Standard Time. The Company will issue its financial results before the market opens that morning.

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

Grubb & Ellis Releases First Logistic Market Trends Report

Report Shows Increase in Vacancy Rates, Steady Rental Rates

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that recent trends show that while vacancy rates for logistic properties have risen, asking rental rates have decreased very little, according to the company’s inaugural logistics research report, Logistic Market Trends, Qtr 4 2008.

The report states that at year-end 2008, the national average asking rental rates for logistic properties was $4.16 per square-foot per year triple net, 3 percent less than the cyclical peak of $4.29 in fourth quarter 2007.

Gaining 260 basis points, the vacancy rate ended 2008 at 11.7 percent.

“Although market conditions are expected to soften over the next few quarters, when the economy slows, the demand for logistic space still tends to hold up well,” said Bob Bach, (top right photo) senior vice president and chief economist, Grubb & Ellis.

“Manufacturers need to store excess inventories while their sales slow, in turn boosting demand for warehouse space.”

On a long-term basis, businesses look at logistics space as a productivity enhancer, an integral part of their supply chain strategies, the report states.

Construction pipeline for logistics space is emptying rapidly, compared to the 98 million square feet of logistics space delivered to the market in 2008.

One of the country’s largest consumer markets, Southern California is a critical link in the supply chain. The area’s ports handle more than 40 percent of all U.S. container imports, and 14 million consumers can be reached within a two-hour truck trip from the twin ports of Los Angeles and Long Beach.

The report also identifies the nation’s top 10 logistics markets:

Chicago; Inland Empire, Calif.; Atlanta; Dallas/Fort Worth; Los Angeles; north and central New Jersey; east and central Pennsylvania; Houston; Columbus, Ohio; and Indianapolis.

For a complete copy of the report, please contact:

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