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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUE    
Management services$ 57,110$ 65,351$ 174,068$ 207,909
Transaction services68,32259,907191,588156,824
Investment management3,2603,76313,2497,656
Total revenue128,692129,021378,905372,389
OPERATING EXPENSE    
Compensation costs121,362120,796352,003358,532
General and administrative15,97616,12952,45647,870
Provision for doubtful accounts7366274,5432,429
Depreciation and amortization2,0261,6606,0884,974
Interest2,3727584,0601,262
Total operating expense142,472139,970419,150415,067
OPERATING LOSS(13,780)(10,949)(40,245)(42,678)
OTHER INCOME (EXPENSE)    
Equity in earnings (losses) of unconsolidated entities (204)71(587)
Interest income4312109122
Other income 454 454
Total other income (expense)43262180(11)
Loss from continuing operations before income tax benefit (provision)(13,737)(10,687)(40,065)(42,689)
Income tax benefit (provision)4,138(180)4,161(398)
Loss from continuing operations(9,599)(10,867)(35,904)(43,087)
Discontinued operations    
Loss from discontinued operations - net of taxes(980)(4,449)(8,076)(15,476)
Gain on disposal of discontinued operations - net of taxes15,371 15,371 
Total income (loss) from discontinued operations14,391(4,449)7,295(15,476)
NET INCOME (LOSS)4,792(15,316)(28,609)(58,563)
Net loss attributable to noncontrolling interests(198)(511)(977)(2,518)
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO GRUBB & ELLIS COMPANY4,990(14,805)(27,632)(56,045)
Preferred stock dividends(3,018)(2,897)(8,812)(8,691)
Income allocated to participating shareowners(1,023)   
INCOME AVAILABLE (LOSS ATTRIBUTABLE) TO GRUBB & ELLIS COMPANY COMMON SHAREOWNERS$ 949$ (17,702)$ (36,444)$ (64,736)
Basic loss per share    
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners$ (0.19)$ (0.20)$ (0.66)$ (0.76)
Income (loss) from discontinued operations attributable to Grubb & Ellis Company common shareowners$ 0.20$ (0.07)$ 0.11$ (0.24)
Income (loss) per share attributable to Grubb & Ellis Company common shareowners$ 0.01$ (0.27)$ (0.55)$ (1.00)
Diluted loss per share    
Loss from continuing operations attributable to Grubb & Ellis Company common shareowners$ (0.19)$ (0.20)$ (0.66)$ (0.76)
Income (loss) from discontinued operations attributable to Grubb & Ellis Company common shareowners$ 0.20$ (0.07)$ 0.11$ (0.24)
Income (loss) per share attributable to Grubb & Ellis Company common shareowners$ 0.01$ (0.27)$ (0.55)$ (1.00)
Basic weighted average shares outstanding66,05964,86065,88664,624
Diluted weighted average shares outstanding66,78464,86065,88664,624