Exhibit 99.1

		news release for immediate release

Contact:		Janice McDill
Phone:		312.698.6707
Email:		janice.mcdill@grubb-ellis.com

Grubb & Ellis Company Reports
Third Quarter 2010 Results

SANTA ANA, Calif. (Nov. 9, 2010) — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today reported third quarter 2010 revenue of $144.3 million, an increase of 6 percent, compared with revenue of $136.1 million for the third quarter of 2009. For the first nine months of 2010, the company reported revenue of $417.5 million, compared with revenue of $385.1 million for the comparable period of 2009.

The company reported a net loss attributable to Grubb & Ellis Company on a GAAP basis of $14.8 million, or $0.27 per common share, for the third quarter of 2010, compared with a net loss of $21.4 million, or $0.34 per common share, for the third quarter of 2009. For the first nine months of 2010, the company reported a GAAP net loss attributable to Grubb & Ellis Company of $56.0 million, or $1.00 per common share, compared with a net loss of $95.7 million, or $1.51 per common share, for the first nine months of 2009.

Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) for the third quarter of 2010 was negative $3.3 million, compared with adjusted EBITDA of $0.7 million in the same period a year ago. For the first nine months of 2010, the company reported negative adjusted EBITDA of $19.7 million, compared with negative adjusted EBITDA of $25.1 million in the same period a year ago. Both the revenue and adjusted EBITDA results are consistent with the company’s preliminary third quarter 2010 earnings announcement on Oct. 19, 2010.

Company Highlights

•

Transaction Services revenue increased 29 percent over the third quarter of 2009, and 32 percent over the first nine months of 2009, a reflection of improving market conditions and the company’s recruiting success.

•

The company recruited 32 senior-level brokerage sales professionals during the third quarter, bringing to approximately 180 the number of senior brokerage sales professionals who have joined the company since July 2008.

•

Grubb & Ellis Healthcare REIT II acquired three properties totaling $77.8 million during the quarter, increasing the portfolio to $138.0 million in total acquisitions as of Sept. 30.

•

In September, launched Grubb & Ellis Landauer Valuation Advisory Services in 12 markets. The company currently has eight regional leaders and 30 appraisal professionals in 10 states and is performing work on behalf of numerous clients.

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Grubb & Ellis Company
1551 N. Tustin Avenue, Suite 300       Santa Ana, CA 92705           714.667.8252       714.667.6860 fax

2 — 2 — 2
11/8/10
Grubb & Ellis Company Reports Third Quarter 2010 Results

•

Subsequent to the close of the third quarter, Grubb & Ellis received an $8 million payment from Healthcare Trust of America, Inc., formerly Grubb & Ellis Healthcare REIT, Inc., as part of an agreement that resolves all outstanding obligations between the two companies.

•

On Nov. 4, the company announced a strategic alliance with Manhattan Software that will enhance its management services capabilities, providing a significant competitive advantage and allowing the company to better service its clients.

“Our top priority is achieving sustained profitability, and we made substantive progress toward this goal in the third quarter,” said Thomas P. D’Arcy, president and chief executive officer of Grubb & Ellis. “Investments in our Transaction Services business yielded significantly higher year-over-year revenue during the quarter, which we will continue to build upon as we move forward.”

D’Arcy added, “Looking ahead, we will focus on continuing to capitalize on our recruiting success to drive operating leverage into an improving commercial real estate market; differentiating our Management Services business by offering industry-leading solutions, such as our alliance with Manhattan Software; leveraging our leadership position in healthcare real estate to increase our non-traded REIT equity raise; directing resources to businesses with high growth and margin returns; and continuing to lower our fixed cost base. Based on our current momentum in these areas, we expect to have positive net cash flow in the fourth quarter of 2010, and return to profitability in 2011.”

OPERATING SEGMENTS

Management Services

Management Services revenue includes asset and property management fees as well as reimbursed salaries, wages and benefits from the company’s third-party property management and facilities outsourcing services. Management Services revenue was $65.3 million for the third quarter of 2010, compared with $67.5 million for the same period a year ago. Segment revenue for the first nine months of 2010 was $207.7 million, compared with $199.6 million for the same period in 2009.

At Sept. 30, the company managed approximately 247 million square feet of commercial real estate and multifamily property, which is up from 240 million square feet at June 30, reflecting the growing number of management assignments attributed to the company’s Financial Services Asset Management business. During the third quarter, Grubb & Ellis was awarded five new outsourcing contracts, and renewed and expanded the work it does for an additional six corporate clients.

Transaction Services

Transaction Services revenue for the third quarter of 2010, including brokerage commission, valuation and consulting revenue, was $59.9 million, an increase of 29 percent from revenue of $46.3 million for the same period a year ago. The breakdown between sales and leasing revenue is approximately 32 percent sales and 68 percent leasing. Third quarter 2010 sales revenue was up 121 percent and leasing revenue increased 17 percent, compared with the comparable period in 2009.

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Grubb & Ellis Company
1551 N. Tustin Avenue, Suite 300      Santa Ana, CA 92705            714.667.8252       714.667.6860 fax

3 — 3 — 3
11/8/10
Grubb & Ellis Company Reports Third Quarter 2010 Results

For the first nine months of 2010, the segment generated revenue of $156.8 million, an increase of 32 percent from revenue of $118.8 million during the same period of 2009. Year-to-date, sales revenue is up 90 percent and leasing revenue increased 20 percent.

The company attributes the segment’s improved top-line performance to greater transaction volume stemming from prior investments in attracting top industry talent, as well as the company’s focus on specialty expertise and improving market conditions.

Investment Management

Investment Management revenue for the third quarter of 2010, which includes transaction fees, asset management fees and dealer-manager fees, totaled $11.3 million, compared with revenue of $14.8 million in the same period a year ago. The segment generated revenue of $30.0 million during the first nine months of 2010, compared with $43.9 million in the same period a year earlier.

The company’s two non-traded REIT products raised an aggregate $41.0 million in the third quarter of 2010, compared with $38.7 million in the second quarter, and $29.9 million in the first quarter.

At September 30, 2010, the company had assets under management of $5.5 billion.

OUTLOOK

The company is not providing specific guidance for revenue or adjusted EBITDA. However, the company does expect to record positive adjusted EBITDA in the fourth quarter of 2010, and for the full year in 2011.

Conference Call & Webcast

Management will host a conference call today at 10:30 a.m. Eastern Time to review the results. A live webcast will be accessible through the Investor Relations section of the company’s website at http://www.grubb-ellis.com. The direct dial-in number for the conference call is 1.800.435.1398 for domestic callers and 1.617.614.4078 for international callers. The conference call ID number is 18260013. An audio replay will be available beginning at 1:30 p.m. ET on Tuesday, Nov. 9 and can be accessed by dialing 1.888.286.8010 for domestic callers and 1.617.801.6888 for international callers and entering conference call ID 28662210. In addition, the conference call audio will be archived on the company’s website following the call.

About Grubb & Ellis Company

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 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 subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.

-more-

Grubb & Ellis Company
1551 N. Tustin Avenue, Suite 300       Santa Ana, CA 92705           714.667.8252       714.667.6860 fax

4 — 4 — 4
11/8/10
Grubb & Ellis Company Reports Third Quarter 2010 Results

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) a continued or further weakness in the company’s Investment Management business, including the velocity and volume of equity raised; (ii) the general economic downturn and recessionary pressures on transaction values of sales and leasing transactions and businesses in general; (iii) a prolonged and pronounced recession in real estate markets and values; (iv) the unavailability of credit to finance real estate transactions in general and the company’s tenant-in-common programs, in particular; (v) the success of current and new investment programs; (vi) the success of new initiatives and investments; (vii) the inability to attain expected levels of revenue, performance, brand equity in general, and in the current macroeconomic and credit environment, in particular; and (viii) other factors described in the company’s annual report on Form 10-K/A for the fiscal year ending December 31, 2009, Form 10-Q for the three-month periods ending March 31, 2010 and June 30, 2010 and in other current reports on Form 8-K filed with the Securities and Exchange Commission. The company does not undertake any obligation to update forward-looking statements.

Non-GAAP Financial Information

In addition to the results reported in accordance with U.S. generally accepted accounting principles (GAAP) included within this press release, Grubb & Ellis Company has provided certain information, which includes non-GAAP financial measures. Such information is reconciled to its closest GAAP measure in accordance with the Securities and Exchange Commission rules and is included in the attached supplemental data. Management believes that these non-GAAP financial measures are useful to both management and the company’s stockholders in their analysis of the business and operating performance of the company. Management also uses this information for operational planning and decision-making purposes. Non-GAAP financial measures are not and should not be considered a substitute for any GAAP measures. Additionally, non-GAAP financial measures as presented by Grubb & Ellis Company may not be comparable to similarly titled measures reported by other companies.

TABLES FOLLOW

###

Grubb & Ellis Company
1551 N. Tustin Avenue, Suite 300      Santa Ana, CA 92705            714.667.8252       714.667.6860 fax

Grubb & Ellis Company
Consolidated Statements of Operations
(in thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
REVENUE
Management services		$	65,329			$	67,456			$	207,656			$	199,636
Transaction services			59,907				46,321				156,824				118,793
Investment management			11,303				14,829				29,971				43,912
Rental related			7,744				7,499				23,043				22,754
TOTAL REVENUE			144,283				136,105				417,494				385,095
OPERATING EXPENSE
Compensation costs			33,057				34,055				101,823				107,034
Transaction commissions and related costs			43,607				31,575				116,531				85,360
Reimbursable salaries, wages and benefits			48,562				50,709				152,905				149,678
Severance and other charges			1,508				—				4,534				—
General and administrative			18,215				18,674				55,458				60,534
Provision for doubtful accounts			1,643				6,791				4,944				23,268
Depreciation and amortization			3,610				3,504				10,238				8,368
Rental related			5,459				4,961				16,244				16,159
Interest			2,985				3,741				8,033				12,490
Real estate related impairments			750				2,393				2,573				16,615
Intangible asset impairment			338				583				1,977				583
Total operating expense			159,734				156,986				475,260				480,089
OPERATING LOSS			(15,451	)			(20,881	)			(57,766	)			(94,994	)
OTHER INCOME (EXPENSE)
Equity in losses of unconsolidated entities			(479	)			(224	)			(1,085	)			(1,635	)
Interest income			46				188				208				472
Other income			717				272				479				394
Total other income (expense)			284				236				(398	)			(769	)
Loss from continuing operations before income tax provision			(15,167	)			(20,645	)			(58,164	)			(95,763	)
Income tax provision			(149	)			(277	)			(399	)			(587	)
Loss from continuing operations			(15,316	)			(20,922	)			(58,563	)			(96,350	)
Loss from discontinued operations			—				(535	)			—				(1,005	)
Net loss			(15,316	)			(21,457	)			(58,563	)			(97,355	)
Net loss attributable to noncontrolling interests			(511	)			(98	)			(2,518	)			(1,686	)
Net loss attributable to Grubb & Ellis Company			(14,805	)			(21,359	)			(56,045	)			(95,669	)
Preferred stock dividends			(2,897	)			—				(8,691	)			—
Net loss attributable to Grubb & Ellis Company common shareowners		$	(17,702	)		$	(21,359	)		$	(64,736	)		$	(95,669	)
Loss per share — basic:
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.33	)		$	(1.00	)		$	(1.49	)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners			—				(0.01	)			—				(0.02	)
Net loss per share attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.34	)		$	(1.00	)		$	(1.51	)
Loss per share — diluted:
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.33	)		$	(1.00	)		$	(1.49	)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners			—				(0.01	)			—				(0.02	)
Net loss per share attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.34	)		$	(1.00	)		$	(1.51	)

Table 1

Grubb & Ellis Company
Consolidated Balance Sheets
(in thousands)
(Unaudited)

		September 30,				December 31,
		2010				2009
ASSETS
Cash and cash equivalents		$	19,557			$	39,101
Restricted cash			12,524				13,875
Investment in marketable securities			2,711				690
Accounts receivable from related parties — net			3,551				9,169
Notes and advances to related parties — net			4,078				1,019
Service fees receivable — net			31,255				30,293
Professional service contracts — net			3,818				3,626
Real estate deposits and pre-acquisition costs			809				1,321
Prepaid expenses and other assets			14,549				21,489
TOTAL CURRENT ASSETS			92,852				120,583
Accounts receivable from related parties — net			15,583				15,609
Notes and advances to related parties — net			16,320				14,607
Professional service contracts — net			5,595				7,271
Investments in unconsolidated entities			5,666				3,783
Properties held for investment — net			81,959				82,189
Property, equipment and leasehold improvements — net			10,958				13,190
Goodwill			1,264				—
Identified intangible assets — net			91,275				94,952
Other assets — net			5,978				5,140
TOTAL ASSETS		$	327,450			$	357,324
LIABILITIES AND SHAREOWNERS’ (DEFICIT) EQUITY
Accounts payable and accrued expenses		$	57,253			$	62,867
Due to related parties			3,025				2,267
Capital lease obligations			813				939
Other liabilities			31,715				38,864
TOTAL CURRENT LIABILITIES			92,806				104,937
Senior notes			16,277				16,277
Convertible notes			30,054				—
Mortgage notes			107,000				107,000
Capital lease obligations			135				755
Other long-term liabilities			11,399				11,622
Deferred tax liability			25,486				25,477
TOTAL LIABILITIES			283,157				266,068
Preferred Stock - 12% cumulative participating perpetual convertible			90,080				90,080
Common stock			694				654
Additional paid-in capital			411,299				412,774
Accumulated deficit			(468,146	)			(412,101	)
Other comprehensive income			193				—
Total Grubb & Ellis Company shareowners’ (deficit) equity			(55,960	)			1,327
Noncontrolling interests			10,173				(151	)
TOTAL (DEFICIT) EQUITY			(45,787	)			1,176
TOTAL LIABILITIES AND (DEFICIT) EQUITY		$	327,450			$	357,324

Table 2

Grubb & Ellis Company
Reconciliation of Net Loss to Adjusted EBITDA
(in thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
Net loss attributable to Grubb & Ellis Company		$	(14,805	)		$	(21,359	)		$	(56,045	)		$	(95,669	)
Discontinued operations			—				535				—				1,005
Interest expense			2,985				3,741				8,033				12,490
Interest income			(46	)			(188	)			(208	)			(472	)
Depreciation and amortization			3,610				3,504				10,238				8,368
Intangible asset impairment			338				583				1,977				583
Taxes			149				277				399				587
EBITDA (1)			(7,769	)			(12,907	)			(35,606	)			(73,108	)
Charges related to sponsored programs			1,378				7,183				3,066				21,604
Real estate related impairment			750				2,393				2,573				16,615
Stock based compensation			1,629				2,552				7,427				8,733
Amortization of signing bonuses			1,730				1,888				5,279				5,703
Severance and other charges			1,508				—				4,534				—
Real estate operations			(2,045	)			(1,689	)			(6,056	)			(5,988	)
Other			(441	)			1,254				(903	)			1,348
Adjusted EBITDA (1)		$	(3,260	)		$	674			$	(19,686	)		$	(25,093	)

Table 3

Grubb & Ellis Company
Segment Data
(in thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
MANAGEMENT SERVICES
Revenue		$	65,329			$	67,456			$	207,656			$	199,636
Compensation costs			8,260				9,315				27,569				27,702
Transaction commissions and related costs			3,625				2,192				14,020				7,346
Reimbursable salaries, wages, and benefits			45,975				48,333				145,354				142,601
General and administrative			2,280				2,081				7,070				6,424
Provision for doubtful accounts			482				276				1,271				1,619
Segment operating income			4,707				5,259				12,372				13,944
TRANSACTION SERVICES
Revenue			59,907				46,321				156,824				118,793
Compensation costs			13,094				11,216				35,270				32,986
Transaction commissions and related costs			39,927				29,377				102,325				77,982
General and administrative			8,752				7,858				26,267				24,913
Provision for doubtful accounts			145				(153	)			1,173				546
Segment operating loss			(2,011	)			(1,977	)			(8,211	)			(17,634	)
INVESTMENT MANAGEMENT
Revenue			11,303				14,829				29,971				43,912
Compensation costs			5,400				6,235				16,643				20,919
Reimbursable salaries, wages, and benefits			2,588				2,376				7,551				7,077
General and administrative			3,920				3,556				11,071				11,554
Provision for doubtful accounts			795				6,694				1,501				21,039
Segment operating loss			(1,400	)			(4,032	)			(6,795	)			(16,677	)
RECONCILIATION TO NET LOSS ATTRIBUTABLE TO GRUBB & ELLIS COMPANY:
Total segment operating income (loss)			1,296				(750	)			(2,634	)			(20,367	)
Rental and other operations, net of rental related and other expenses			2,142				2,497				5,599				6,012
Corporate overhead (compensation, general and administrative costs)			(8,069	)			(9,855	)			(25,949	)			(33,850	)
Stock based compensation			(1,629	)			(2,552	)			(7,427	)			(8,733	)
Severance and other charges			(1,508	)			—				(4,534	)			—
Depreciation and amortization			(3,610	)			(3,504	)			(10,238	)			(8,368	)
Interest			(2,985	)			(3,741	)			(8,033	)			(12,490	)
Real estate related impairments			(750	)			(2,393	)			(2,573	)			(16,615	)
Intangible asset impairment			(338	)			(583	)			(1,977	)			(583	)
Other income (expense)			284				236				(398	)			(769	)
Loss from continuing operations before income tax provision			(15,167	)			(20,645	)			(58,164	)			(95,763	)
Income tax provision			(149	)			(277	)			(399	)			(587	)
Loss from continuing operations			(15,316	)			(20,922	)			(58,563	)			(96,350	)
Loss from discontinued operations			—				(535	)			—				(1,005	)
Net loss			(15,316	)			(21,457	)			(58,563	)			(97,355	)
Net loss attributable to noncontrolling interests			(511	)			(98	)			(2,518	)			(1,686	)
Net loss attributable to Grubb & Ellis Company		$	(14,805	)		$	(21,359	)		$	(56,045	)		$	(95,669	)

Table 4

Grubb & Ellis Company
Calculation of Loss per Share
(in thousands)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,				September 30,				September 30,				September 30,
		2010				2009				2010				2009
Numerator for loss per share — basic:
Loss from continuing operations		$	(15,316	)		$	(20,922	)		$	(58,563	)		$	(96,350	)
Less: Net loss attributable to the noncontrolling interests			511				98				2,518				1,686
Less: Preferred dividends			(2,897	)			—				(8,691	)			—
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners			(17,702	)			(20,824	)			(64,736	)			(94,664	)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners			—				(535	)			—				(1,005	)
Net loss attributable to Grubb & Ellis Company common shareowners		$	(17,702	)		$	(21,359	)		$	(64,736	)		$	(95,669	)
Loss per share — basic:
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.33	)		$	(1.00	)		$	(1.49	)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners			—				(0.01	)			—				(0.02	)
Net loss per share attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.34	)		$	(1.00	)		$	(1.51	)
Weighted average shares outstanding — basic			64,860				63,628				64,624				63,618
Loss per share — diluted (a):
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.33	)		$	(1.00	)		$	(1.49	)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners			—				(0.01	)			—				(0.02	)
Net loss per share attributable to Grubb & Ellis Company common shareowners		$	(0.27	)		$	(0.34	)		$	(1.00	)		$	(1.51	)
Weighted average shares outstanding — diluted			64,860				63,628				64,624				63,618

Table 5