X0202 4 2008-05-12 0 0000216039 GRUBB & ELLIS CO GBE 0001029460 KOJAIAN C MICHAEL C/O GRUBB & ELLIS 1551 N. TUSTIN AVE, STE 300 SANTA ANA CA 92705 1 0 1 0 0001180835 KOJAIAN VENTURES LLC 39400 WOODWARD AVENUE SUITE 250 BLOOMFIELD HILLS MI 48304 0 0 1 0 0001180834 KOJAIAN VENTURES MM INC 39400 WOODWARD AVE SUITE 250 BLOOMFIELD HILLS MI 48304 0 0 1 0 Common Stock 2008-05-12 4 P 0 103400 5.35 A 3163926 I By Kojaian Holdings, LLC Common Stock 9455583 I By Kojaian Ventures, LLC Common Stock 8996 D These shares are owned directly by Kojaian Holdings, LLC and indirectly by Kojaian Management Corporation, the sole member of Kojaian Holdings, LLC, C. Michael Kojaian, 50% shareholder of Kojaian Management Corporation, and Mike Kojaian, 50% shareholder of Kojaian Management Corporation. These shares are owned directly by Kojaian Ventures, L.L.C. and indirectly by Kojaian Ventures-MM, Inc., the managing member of Kojaian Ventures, L.L.C., and C. Michael Kojaian, the sole shareholder of Kojaian Ventures-MM, Inc. Represents restricted shares of Gruub & Ellis Company's Common Stock that were awarded to Mr. Kojaian pursuant to the Grubb & Ellis Company 2006 Omnibus Equity Plan which will vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (December 10, 2007). /s/ C. Michael Kojaian 2008-05-14 Kojaian Ventures, L.L.C. By: Kojaian Ventures-MM, Inc., a Michigan Corporation, Managing Member /s/ C. Michael Kojaian, President 2008-05-14 Kojaian Ventures - MM, Inc. /s/ C. Michael Kojaian, President 2008-05-14