GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., May 20 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, announced today that Robert H. Osbrink, Executive Vice President and President of Transaction Services, has been named Chairman of Transaction Services, effective June 1, 2008. Jack Van Berkel, Chief Operating Officer, will assume the position of President, Transaction Services. In his new role, Osbrink will continue to report to Scott D. Peters, Chief Executive Officer and President, and work on special projects related to the success of the Company's merger integration efforts. In addition, he will serve as an ambassador to the Transaction Services business, with responsibilities for recruiting, enhancing training programs for brokers at all levels within the organization and integrating the Company's newly introduced securities licensing program. In addition, he will continue to play a key role in broker recognition events. "We appreciate Bob's efforts and contributions over the past four years as President of our Transaction Services business," said Scott D. Peters, Chief Executive Officer of Grubb & Ellis Company. "This new role will allow us to leverage Bob's 30 years of experience and knowledge of the brokerage industry." Osbrink joined Grubb & Ellis in 1988 as Vice President and Sales Manager of the Company's Newport Beach office. During his 20 years at Grubb & Ellis, he held numerous local and regional management roles. Osbrink was named to his current position in 2004. 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/. DATASOURCE: Grubb & Ellis Company CONTACT: Janice McDill of Grubb & Ellis Company, +1-312-698-6707, Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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