Exhibit 23.2


                         CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Registration Statement (Form
S-8)  pertaining  to the  registration  of  1,000,000  shares of common stock in
connection  with the Grubb & Ellis  Employee  Stock  Purchase  Plan,  as amended
effective  November 16, 2001, of our report dated August 28, 2001,  with respect
to the consolidated  financial statements of Grubb & Ellis Company,  included in
its Annual  Report (Form 10-K) for the year ended June 30, 2001,  filed with the
Securities and Exchange Commission.


ERNST & YOUNG LLP

Chicago, Illinois
January 28, 2002