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SANTA ANA, Calif., April 21 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Grubb & Ellis|Pacific Realty, has been selected Affiliate of the Year for 2008. Grubb & Ellis|Pacific Realty serves as the company's Nebraska affiliate and has offices in Omaha and Lincoln.

The award is presented annually to the affiliate that ranks highest in all the areas measured, including quality of service, utilization of systems, tools and processes and participation in all other aspects of the affiliate program. It is the second time that Grubb & Ellis|Pacific Realty has received the prestigious award. The company was the first affiliate to be recognized as Affiliate of the Year in 1998.

"The team at Grubb & Ellis|Pacific Realty sets a tremendous example for Grubb & Ellis owned offices and affiliates alike," said Jim Jones, executive vice president, Grubb & Ellis Affiliates, Inc. "Grubb & Ellis|Pacific Realty excelled above all others in the areas of market performance and its support of the Grubb & Ellis brand. The firm's support of Grubb & Ellis' comprehensive platform and national presence has greatly contributed to our ability to fully service multi-market clients, which is the core mission of our affiliate program."

Founded in 1987, Grubb & Ellis|Pacific Realty offers Grubb & Ellis' full spectrum of real estate services, including office, land, multi housing, hospitality, investment, retail, industrial, institutional and consulting, and also provides complete property and facilities management. Grubb & Ellis|Pacific Realty's clients, many with multi-market needs, include Fortune 500 companies and emerging high-growth technology companies.

"With all of the great things happening at Grubb & Ellis - the new brand, momentum in recruiting companywide and the strengthening of our platform - now is a fantastic time to be an affiliate," said John D. Waldbaum, CPM, chief executive officer of Grubb & Ellis|Pacific Realty. "It's not just one or two brokers who benefit from our relationship - our entire firm has the opportunity to excel within the Grubb & Ellis platform. We're so pleased to have been named the Affiliate of the Year."

In recognition of this special designation, the firm will be honored at the company's 2009 Circle of Excellence on April 28.

The Grubb & Ellis Affiliate Program was created to better serve the multi-market needs of the company's clients by forming long-term partnerships with top-ranked independent real estate services firms throughout the country. Each affiliate, selected on the basis of client track record, professional reputation and local market expertise, undergoes a rigorous orientation program to ensure the firm conforms to stringent reporting and referral standards and conducts business in the same manner as Grubb & Ellis offices.

Sharing resources that include technology, marketing support, research and national account management, the company's offices and affiliates together provide Grubb & Ellis clients with seamless service in virtually every major American metropolitan area and in markets throughout the world.

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 www.grubb-ellis.com.