Grubb & Ellis Company Common Stock to Trade on OTC Markets Under Symbol "GRBE"

SANTA ANA, Calif., Jan. 6, 2012 /PRNewswire/ -- Grubb & Ellis Company, a leading real estate services and investment firm, today announced that its common stock will begin trading under the symbol "GRBE" on the OTCQB marketplace, operated by OTC Markets Group, on Friday, Jan. 6, 2012. More information, including Real-Time Level 2 quotes, is available at otcmarkets.com.

As previously announced, the New York Stock Exchange has advised Grubb & Ellis that its common stock traded under the symbol GBE will be suspended from trading on the NYSE prior to the opening of the market on Friday, Jan. 6, 2012, because the company had fallen below the NYSE's continued listing standards. Grubb & Ellis plans to appeal this decision.

The transition of the company's common stock to the OTCQB does not affect shareholders' ability to trade the company's common stock on the OTCQB. Any holders of Grubb & Ellis stock should contact their brokers or other investment advisors regarding trading in this stock.

About Grubb & Ellis Company

Grubb & Ellis Company is one of the largest and most respected commercial real estate services and investment companies in the world. Our 5,200 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment management business, the company is a leading sponsor of real estate investment programs. For more information, visit www.grubb-ellis.com.

Forward-Looking Statements

Certain statements included in this press release may constitute forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause the company's actual results and events in future periods to be materially different from those anticipated, including risks and uncertainties related to the financial markets. Such factors which could adversely affect the company's ability to obtain these results include, among other things: (i) the general economic pressures on transaction values of sales and leasing transactions and businesses in general; (ii) a prolonged and pronounced recession in real estate markets and values; (iii) the unavailability of credit to finance real estate transactions in general; (iv) the success of current and new investment programs; (v) the success of new initiatives and investments; (vi) the inability to attain expected levels of revenue, performance, brand equity in general, and in the current macroeconomic and credit environment, in particular; (vii) the occurrence of a bankruptcy by the Met 10 tenant-in-common program or the demand for payments on certain non-recourse/carve-out guaranty and indemnification obligations issued by the company, which may, in turn, in the event such bankruptcy, or such guaranty or indemnification obligations cannot be met, result in a cross-default under the company's issued and outstanding Convertible Senior Notes; (viii) the timing and amount of remaining revenues and cash flows generated from our sponsored non-traded REIT post-termination; (ix) the inability to obtain additional financing or complete other strategic transactions; and (x) other factors described in the company's annual report on Form 10-K for the fiscal year ending Dec. 31, 2010, the company's quarterly report on Form 10-Q for the quarter ended March 31, 2011, June 30, 2011 and Sept. 30, 2011, and other Current Reports on Form 8-K filed by the company from time to time with the Securities and Exchange Commission. The company does not undertake any obligation to update forward-looking statements.

SOURCE Grubb & Ellis Company

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