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Grubb & Ellis Company Announces Date and Location of 2008 Annual Stockholders' Meeting

    SANTA ANA, Calif., Aug. 19 /PRNewswire-FirstCall/ -- Grubb & Ellis
Company (NYSE: GBE), a leading real estate services and investment firm,
today announced that it has scheduled its 2008 Annual Stockholders' Meeting
for Wednesday, December 3, 2008 in Washington, D.C. The Meeting will take
place at The Four Seasons Hotel located at 2800 Pennsylvania Ave. at 8 a.m.
EST.

    The Board of Directors has also established the close of business on
Nov. 3, 2008 as the record date for stockholders eligible to receive notice
of, and to vote at, the company's 2008 Annual Meeting.

    About Grubb & Ellis

    Grubb & Ellis Company (NYSE: GBE) is one of the largest and most
respected commercial real estate services and investment companies. With
more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers
property owners, corporate occupants and investors comprehensive integrated
real estate solutions, including transaction, management, consulting and
investment advisory services supported by proprietary market research and
extensive local market expertise.

    Grubb & Ellis and its subsidiaries are leading sponsors of real estate
investment programs that provide individuals and institutions the
opportunity to invest in a broad range of real estate investment vehicles,
including tax-deferred 1031 tenant-in-common (TIC) exchanges; public
non-traded real estate investment trusts (REITs) and real estate investment
funds. As of June 30, 2008, more than $3.6 billion in investor equity has
been raised for these investment programs. The company and its subsidiaries
currently manage a growing portfolio of more than 218 million square feet
of real estate. In 2007, Grubb & Ellis was selected from among 15,000
vendors as Microsoft Corporation's Vendor of the Year. For more information
regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com.



SOURCE Grubb & Ellis Company




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    CONTACT:
    Janice McDill of Grubb & Ellis Company,
    +1-312-698-6707, janice.mcdill@grubb-ellis.com