Grubb & Ellis Company Declares Preferred Stock Dividend (GBE)

Grubb & Ellis Company GBE, a leading real estate services and investment firm, announced today that its board of directors has declared a dividend of $3.00 per share on the company's 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of December 20, 2010. The dividend is for the quarterly period from October 1, 2010 and is payable on December 31, 2010.