FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

KOJAIAN C MICHAEL 		2. Issuer Name and Ticker or Trading Symbol

GRUBB & ELLIS CO [ GBE ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O GRUBB & ELLIS COMPANY, 1551 N. TUSTIN AVE. SUITE #300 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/10/2008
(Street)

SANTA ANA, CA 92705
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01   12/10/2008     A    20000   (1) A $0   (2) 28996   (3) D    
Common Stock, par value $0.01                  11700000   I   (4) By Kojaian Ventures, L.L.C.  
Common Stock, par value $0.01                  3616326   I   (5) By Kojaian Holdings LLC  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents 20,000 restricted shares of Grubb & Ellis Company's (the "Company") Common Stock that were awarded to Mr. Kojaian pursuant to the Company's 2006 Omnibus Equity Plan which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (December 10, 2008). Such shares represent the Company's annual grant to its independent outside directors which, pursuant to the Company's 2006 Omnibus Equity Plan, is set at $60,000 worth of restricted shares of the Company's Common Stock based upon the closing price of such Common Stock on the date of grant. However, in light of recent market events, the Company has decided to limit such amount of grant in 2008 to 20,000 restricted shares of the Company's Common Stock.
( 2)  On December 10, 2008, the date of the grant of restricted shares awarded to Mr. Kojaian, the closing price for the Company's Common Stock was $1.30.
( 3)  Beneficially owned shares include 8,996 restricted shares of the Company's Common Stock that were awarded to Mr. Kojaian pursuant to the Company's 2006 Omnibus Equity Plan which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (December 10, 2007).
( 4)  These shares are owned directly by Kojaian Ventures, L.L.C. and indirectly by Kojaian Ventures-MM, Inc., the managing member of Kojaian Ventures, L.L.C., and C. Michael Kojaian, the sole shareholder of Kojaian Ventures-MM, Inc. and member (along with Kojaian Ventures-MM, Inc.) of Kojaian Ventures, L.L.C.
( 5)  These shares are owned directly by Kojaian Holdings LLC and indirectly by Kojaian Managagement Corporation, the sole member of Kojaian Holdings LLC, C. Michael Kojaian, 50% shareholder of Kojaian Management Corporation, and Mike Kojaian, 50% shareholder of Kojaian Management Corporation.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KOJAIAN C MICHAEL
C/O GRUBB & ELLIS COMPANY
1551 N. TUSTIN AVE. SUITE #300
SANTA ANA, CA 92705 		X X

KOJAIAN VENTURES MM INC
39400 WOODWARD AVE., SUITE 250
BLOOMFIELD HILLS, MI 48304
X

KOJAIAN VENTURES LLC
39400 WOODWARD AVE., SUITE 250
BLOOMFIELD HILLS, MI 48304
X


Signatures
Kojaian Ventures, L.L.C. By: Kojaian Ventures-MM, Inc., a Michigan Corporation, Managing Member /s/ C. Michael Kojaian, President 12/16/2008
** Signature of Reporting Person Date

Kojaian Ventures - MM, Inc. /s/ C. Michael Kojaian, President 12/16/2008
** Signature of Reporting Person Date

/s/ C. Michael Kojaian 12/16/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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