SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MCLAUGHLIN ROBERT J

(Last)

(First)

(Middle)

C/O GRUBB & ELLIS COMPANY

500 WEST MONROE STREET, SUITE 2800

(Street)

CHICAGO

60661

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GRUBB & ELLIS CO [ GBE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/20/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01	09/20/2007		A		5,291⁽¹⁾	A	$9.45	44,720⁽²⁾	D
Common Stock, par value $0.01								44,050	I	Ny Robert J. & Katherine H. McLaughlin Trust, Louise H. McLaughlin Trust, and Katherine McLaughlin⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$2.99							⁽⁴⁾	07/01/2014	Common Stock, par value $0.01	10,000		10,000	D

Explanation of Responses:

1. Represents 5,291restricted shares of Gruub & Ellis Company's Common Stock that were granted to Robert McLaughlin on September 20, 2007 which will vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (September 20, 2007).

2. Includes 5,446 restricted shares of Gruub & Ellis Company's Common Stock that were awarded to Robert McLaughlin pursuant to the terms and conditions of that certain Restricted Stock Agreement, dated as of September 21, 2006, by and between Grubb & Ellis Company and Robert McLaughlin which will vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (September 21,2006). Also includes 7,508 restricted shares of Common Stock awarded in 2005 that will vest on September 22, 2008.

3. Represents shares of Common Stock held in Louise H. McLaughlin Trust and Robert J. & Katherine H. McLaughlin Trust. Also represents shares of Common Stock held in Katherine McLaughlin's IRA which Robert McLaughlin disclaims benefial ownership.

4. The option has become exercisable as to all 10,000 shares as of July 1, 2007.

	/s/ Robert J. McLaughlin	09/24/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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