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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE        
Management services $ 57,913 $ 70,110 $ 116,958 $ 142,558
Transaction services 72,814 54,684 123,266 96,917
Investment management 7,228 2,265 9,989 3,893
Total revenue 137,955 127,059 250,213 243,368
OPERATING EXPENSE        
Compensation costs 121,215 119,495 230,641 237,736
General and administrative 18,333 15,515 36,480 31,741
Provision for doubtful accounts 2,569 673 3,807 1,802
Depreciation and amortization 1,980 1,709 4,062 3,314
Interest 915 458 1,688 504
Total operating expense 145,012 137,850 276,678 275,097
OPERATING LOSS (7,057) (10,791) (26,465) (31,729)
OTHER INCOME (EXPENSE)        
Equity in earnings (losses) of unconsolidated entities 235 (190) 71 (383)
Interest income 28 85 66 110
Total other income (expense) 263 (105) 137 (273)
Loss from continuing operations before income tax benefit (provision) (6,794) (10,896) (26,328) (32,002)
Income tax benefit (provision) 23 (80) 23 (218)
Loss from continuing operations (6,771) (10,976) (26,305) (32,220)
Discontinued operations        
Loss from discontinued operations - net of taxes (7,946) (8,219) (7,096) (11,027)
Total loss from discontinued operations (7,946) (8,219) (7,096) (11,027)
NET LOSS (14,717) (19,195) (33,401) (43,247)
Net loss attributable to noncontrolling interests (384) (1,736) (779) (2,007)
NET LOSS ATTRIBUTABLE TO GRUBB & ELLIS COMPANY (14,333) (17,459) (32,622) (41,240)
Preferred stock dividends (2,897) (2,897) (5,794) (5,794)
NET LOSS ATTRIBUTABLE TO GRUBB & ELLIS COMPANY COMMON SHAREOWNERS $ (17,230) $ (20,356) $ (38,416) $ (47,034)
Basic loss per share        
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners $ (0.14) $ (0.18) $ (0.47) $ (0.56)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners $ (0.12) $ (0.13) $ (0.11) $ (0.17)
Net loss per share attributable to Grubb & Ellis Company common shareowners $ (0.26) $ (0.31) $ (0.58) $ (0.73)
Diluted loss per share        
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners $ (0.14) $ (0.18) $ (0.47) $ (0.56)
Loss from discontinued operations attributable to Grubb & Ellis Company common shareowners $ (0.12) $ (0.13) $ (0.11) $ (0.17)
Net loss per share attributable to Grubb & Ellis Company common shareowners $ (0.26) $ (0.31) $ (0.58) $ (0.73)
Basic weighted average shares outstanding 65,928 64,644 65,798 64,503
Diluted weighted average shares outstanding 65,928 64,644 65,798 64,503