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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-06-051402.txt : 20060925
<SEC-HEADER>0001209191-06-051402.hdr.sgml : 20060925
<ACCEPTANCE-DATETIME>20060925163539
ACCESSION NUMBER:		0001209191-06-051402
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060921
FILED AS OF DATE:		20060925
DATE AS OF CHANGE:		20060925

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRUBB & ELLIS CO
		CENTRAL INDEX KEY:			0000216039
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		IRS NUMBER:				941424307
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		500 WEST MONROE STREET
		STREET 2:		SUITE 2800
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60661
		BUSINESS PHONE:		3126986700

	MAIL ADDRESS:	
		STREET 1:		500 WEST MONROE STREET
		STREET 2:		SUITE 2800
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60661

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Antone Anthony G
		CENTRAL INDEX KEY:			0001359810

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08122
		FILM NUMBER:		061106878

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		248-644-7600

	MAIL ADDRESS:	
		STREET 1:		6155 INDIANWOOD TRAIL
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48301
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c08706_01aga.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-09-21</periodOfReport>

    <issuer>
        <issuerCik>0000216039</issuerCik>
        <issuerName>GRUBB &amp; ELLIS CO</issuerName>
        <issuerTradingSymbol>GBE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001359810</rptOwnerCik>
            <rptOwnerName>Antone Anthony G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GRUBB &amp; ELLIS COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>500 WEST MONROE STREET, SUITE 2800</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60661</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2006-09-21</value>
                <footnoteId id="F2"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5446</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.18</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12954</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents the restricted shares of Grubb &amp; Ellis Company's common stock that were awarded to Mr. Antone pursuant to the terms and conditions of that certain Restricted Stock Agreement, dated as of April 28, 2006, by and between Grubb &amp; Ellis Company and Mr. Antone (the &quot;Restricted Stock Agreement&quot;).</footnote>
        <footnote id="F2">The restricted shares of Common Stock reported hereunder will vest on September 21, 2009.</footnote>
        <footnote id="F3">Also represents 7,508 restricted shares of Common Stock awarded in 2005 that will vest on September 22, 2008.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Anthony G. Antone</signatureName>
        <signatureDate>2006-09-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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