-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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>0001209191-08-064301.txt : 20081205
<SEC-HEADER>0001209191-08-064301.hdr.sgml : 20081205
<ACCEPTANCE-DATETIME>20081205151600
ACCESSION NUMBER:		0001209191-08-064301
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081203
FILED AS OF DATE:		20081205
DATE AS OF CHANGE:		20081205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VAN BERKEL JACOB
		CENTRAL INDEX KEY:			0001421694

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08122
		FILM NUMBER:		081232650

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		714-667-8252

	MAIL ADDRESS:	
		STREET 1:		C/O GRUBB & ELLIS COMPANY
		STREET 2:		1551 N. TUSTIN AVENUE, SUITE 300
		CITY:			SANTA ANA
		STATE:			CA
		ZIP:			92705

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:			1231

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c78032_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-03</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001421694</rptOwnerCik>
            <rptOwnerName>VAN BERKEL JACOB</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GRUBB &amp; ELLIS COMPANY</rptOwnerStreet1>
            <rptOwnerStreet2>1551 N. TUSTIN AVE., SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>SANTA ANA</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92705</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP, HR and Operations</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.01</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>250000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>347600</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents 250,000 restricted shares of Grubb &amp; Ellis Company's Common Stock awarded to Mr. Van Berkel pursuant to the Grubb &amp; Ellis Company 2006 Omnibus Equity Plan which will vest in equal thirty-three and one-third percent (33 1/3%) installments on each first business day after the first, second, and third anniversaries of the grant date (December 3, 2008) and are subject to acceleration under certain conditions.</footnote>
        <footnote id="F2">On December 3, 2008, the date of the grant of the 250,000 restricted shares awarded to Mr. Van Berkel, the closing price for Grubb &amp; Ellis Company Common Stock was $1.26.</footnote>
        <footnote id="F3">Includes 80,000 restricted shares of Grubb &amp; Ellis Company's Common Stock that were awarded to Mr. Van Berkel pursuant to the Grubb &amp; Ellis Company 2006 Omnibus Equity Plan which will vest in equal thirty-three and one-third percent (33 1/3%) installments on each first business day after the first, second, and third anniversaries of the grant date (January 24, 2008). On January 24, 2008 the closing price for Grubb &amp; Ellis Company Common Stock was $4.41. Beneficially owned shares also include 17,600 restricted shares of Grubb &amp; Ellis Company Common Stock which Mr. Van Berkel recieved in exchange for 20,000 shares of restricted NNN Realty Advisors, Inc. common stock in connection with the merger of NNN Realty Advisors, Inc. into Grubb &amp; Ellis Company. The 17,600 restricted shares will vest in equal thirty-three and one-third percent (33 1/3%) installments on each first business day after the first, second, and third anniversaries of the grant date (December 4, 2007
).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jacob Van Berkel</signatureName>
        <signatureDate>2008-12-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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