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SANTA ANA, Calif., Nov. 13 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has named veteran finance executive Matthew A. Engel senior vice president, accounting and finance and chief accounting officer, effective immediately.

Engel, 41, will have responsibility for the company's corporate accounting, tax, financial risk management and treasury functions. He reports to Richard W. Pehlke, executive vice president and chief financial officer.

"Matt brings years of invaluable public company finance and accounting experience to the position of Grubb & Ellis' chief accounting officer, said Pehlke. "We expect his leadership will be a great asset as we continue to transition our financial reporting operations and move forward with our growth strategy."

Engel joins Grubb & Ellis from H&R Block, Inc., where he spent seven years in various senior finance leadership positions. Most recently, he was senior vice president, chief financial officer of the company's Mortgage Services segment, where he oversaw the finance, treasury, accounting, business planning and corporate strategy functions. While at H&R Block, he also held the title of vice president, controller for the mortgage services segment and chief accounting officer for the parent company.

Prior to joining H&R Block in 2001, Engel spent eight years at DST Systems, Inc. in various finance and accounting positions. He began his career in 1990 in the audit practice of Price Waterhouse.

Engel is a Certified Public Accountant and holds a bachelor's degree from University of Northern Iowa.

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.