GBE Grubb & Ellis Company Common Stock

Cahow Will Be Based in West LA Office and Specialize in Landlord and Tenant Representation LOS ANGELES Feb. 23 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Craig Cahow, a 30-year veteran of commercial real estate in the Los Angeles area with more than $1 billion in completed transactions, has joined its West Los Angeles office as a senior vice president, Office Group. His focus will be office landlord and tenant representation. "We are pleased to have a professional with Craig's impressive track record as part of our Los Angeles Metro office leasing team," said Chuck Hunt, executive managing director of Grubb & Ellis' Greater Los Angeles offices. "He will play a key role in the growth of our office leasing business." Most recently, Cahow served as managing director, leasing, for Cabi Developers, where he was responsible for the company's Southern California portfolio, consisting of 58 office buildings totaling 4.5 million square feet. Previously, he was a vice president with Daum Commercial Real Estate Services, as well as The Staubach Company specializing in office leasing. Cahow spent 15 years of his commercial real estate career with Trizec Properties Inc., holding various positions including vice president, leasing, where he was responsible for the company's Western U.S. commercial portfolio, comprised of 6 million square feet of high-rise office properties. "The vision and direction of the leadership of Grubb & Ellis attracted me to the company," said Cahow. "There is a clear plan for growth in place that excited me and compelled me to join in the effort." Cahow holds a bachelor's degree from Brigham Young University. He is a former board member of Info Line of Los Angeles now known as 211 LA County. The telephone service enables a caller to access a comprehensive range of health and human service programs throughout Los Angeles County 24 hours per day, 7 days per week. 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 September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 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: Sharon Abar, +1-714-975-2185, , Damon Elder, +1-714-975-2659, , both of Grubb & Ellis Company Web Site: http://www.grubb-ellis.com/

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