SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 28, 2006

GRUBB & ELLIS COMPANY

(Exact name of registrant as specified in its charter)

Delaware	1-8122	94-1424307
(State or other	(Commission	(IRS Employer
jurisdiction of	File Number)	Identification No.)
formation)

500 West Monroe Street, Suite 2800, Chicago, IL 60661
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code
(312) 698-6700

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))Item 8.01 Other Events.

Item 8.01 Other Events

     Grubb & Ellis Company (the “Company”) has agreed to a sixty-day extension of its agreement with Deutsche Bank Securities Inc. to purchase in the public marketplace, to the extent available, up to $3,500,000 of warrants of its affiliate Grubb & Ellis Realty Advisors, Inc. (“Realty Advisors”), if such warrants are trading at $0.70 or less per warrant. Pursuant to this agreement, the Company has purchased 394,631 warrants of Realty Advisors through June 28, 2006 for an aggregate purchase price excluding commissions of $236,225, or approximately $0.60 per warrant, leaving the Company with a remaining warrant purchase commitment of up to $3,263,775, which now expires on August 27, 2006. The Company entered into such agreement in connection with the initial public offering of units of Realty Advisors, which closed on March 3, 2006 generating gross proceeds to the Realty Advisors of $143,750,004.

     In accordance with the original terms of the agreement, the Company will purchase warrants of Realty Advisors pursuant to an agreement in accordance with the guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 through an independent broker-dealer registered under Section 15 of the Exchange Act, which is not affiliated with Deutsche Bank Securities Inc. nor part of the underwriting or selling group in the initial public offering of Realty Advisors. The Company will not have any discretion or influence with respect to such purchases, as the purchases of the warrants on behalf of the Company will be made by a broker-dealer who has not participated in the initial public offering in such amounts and at such times as that broker-dealer may determine, in its sole discretion, subject to any regulatory restrictions.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly authorized and caused the undersigned to sign this Report on the Registrant’s behalf.

GRUBB & ELLIS COMPANY
By:	/s/ Robert Z. Slaughter
	Robert Z. Slaughter
	Executive Vice President and General Counsel

Dated: June 29, 2006