Grubb & Ellis (GBE) Cancels Its Consent Solicitation

"The consent solicitation of Grubb & Ellis Company (the “ Company ”) with respect to its 7.95% Senior Convertible Notes Due 2015 (the “ Notes ”), which the Company initially launched on March 8, 2011 to seek the approval to amend certain provisions in Section 9.01 (Events of Default) of the Indenture, dated as of May 7, 2010 (the “ Indenture ”) which governs the Notes, expired at 5:00 p.m., New York City time, on April 11, 2011. The Company did not receive the requisite consents from the holders of the Notes to amend the Indenture and accordingly, the Indenture remains unchanged. The Company retains the right to re-solicit consents pursuant to a new consent solicitation at a future date should it choose to do so."