Grubb & Ellis Company Names James Jones Executive Vice President Operations

Jones is Company's Sixth Key Management Hire Since April

SANTA ANA, Calif., July 22 /PRNewswire-FirstCall/ -- Grubb & Ellis Company
(NYSE: GBE), a leading real estate services and investment firm, today
announced that James Jones will join the Company effective July 28 as
Executive Vice President Operations. He joins Grubb & Ellis from CB Richard
Ellis where he held a similar role.
"I couldn't be more pleased that Jim will be joining Grubb & Ellis," said
Jack Van Berkel, Executive Vice President and Chief Operating Officer. "He
brings a wealth of management and operations expertise to this new position,
and I'm confident he will play a key role in our efforts to better structure
Grubb & Ellis for operating efficiency and client service."
In his new role, Jones will be responsible for the Company's merger
integration efforts, Operations, Research and the Grubb & Ellis Affiliate
Program.
Jones brings more than 15 years of professional experience to Grubb &
Ellis. As Executive Vice President Operations at CB Richard Ellis, he was
responsible for strategic planning, operations and financial management,
process enhancement and facilities. He served as integration leader for the
company's merger with Trammell Crow, interim director of Human Resources and
led the company's efforts to simplify and optimize office sales leadership and
operations processes.
Prior to joining CB Richard Ellis in 2004, Jones spent a total of nine
years at Gateway Corporation and Western Digital Corporation in a number of
operations and marketing roles.
He holds an M.B.A. from UCLA and a bachelor's degree from University of
Redlands.
Over the past several months, Grubb & Ellis has significantly strengthened
its management team. In addition to Jones, the Company recently hired:
-- Greg Coxon, a 25-year commercial real estate veteran who spent 20 years
at CB Richard Ellis in a variety of management roles as President, Transaction
Services - Western Region;
-- Glen Esnard, formerly President, Brokerage Services at Colliers
International and a 30-year industry veteran with considerable brokerage and
alternative real estate investment product experience, as President, Capital
Markets;
-- Brett Hunsaker, one of the industry's most recognized business
development professionals as Executive Vice President, Business Development;
-- Moody Younger as Executive Vice President, Managing Director, Texas;
and
-- Chuck Hunt as Executive Managing Director, responsible for the
Company's Los Angeles County offices.
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
March 31, 2008, more than $3.4 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

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