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To: Galirayo who wrote (15478)2/21/2006 6:51:28 PM
From: ACAN  Respond to of 23958
 
Ray; [GBEL] this may have helped somewhat. I put it in the folio.

NORTHBROOK, Ill., Feb 21, 2006 /PRNewswire-FirstCall via COMTEX/ -- Grubb & Ellis Company (GBEL, Trade), one of the leading providers of integrated real estate services, announced today that its Board of Directors has authorized a common stock buyback program pursuant to which the Company may repurchase up to 15 percent of its outstanding shares of common stock as market conditions warrant over the next 12 months.

The shares may be repurchased from time to time at prevailing market prices through open market transactions or privately negotiated transactions, and will be subject to restrictions related to volume, price, timing, market conditions and applicable Securities and Exchange Commission rules and regulations.

Grubb & Ellis Company

Grubb & Ellis Company is one of the world's leading full-service commercial real estate organizations, providing a complete range of transaction, management and consulting services. By leveraging local expertise with our global reach, Grubb & Ellis offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout the globe. For more information, visit the Company's Web site at grubb-ellis.com


Allan