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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>0001209191-09-053339.txt : 20091117
<SEC-HEADER>0001209191-09-053339.hdr.sgml : 20091117
<ACCEPTANCE-DATETIME>20091117205203
ACCESSION NUMBER:		0001209191-09-053339
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091113
FILED AS OF DATE:		20091117
DATE AS OF CHANGE:		20091117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Murphy Devin Ignatius
		CENTRAL INDEX KEY:			0001440186

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08122
		FILM NUMBER:		091191906

	MAIL ADDRESS:	
		STREET 1:		104 MAIN STREET
		CITY:			SOUTHPORT
		STATE:			CT
		ZIP:			06890

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>c92851_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-11-13</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001440186</rptOwnerCik>
            <rptOwnerName>Murphy Devin Ignatius</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>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>59481</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Preferred Stock, par value $0.01</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-11-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>100.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.01</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Beneficially owned shares include 20,000 restricted shares of Grubb &amp; Ellis Company's (the &quot;Company&quot;) common stock that were awarded to Mr. Murphy pursuant to the Company's 2006 Omnibus Equity Plan which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (December 10, 2008). Beneficially owned shares also include 19,481 restricted shares of the Company's common stock that were awarded to Mr. Murphy pursuant to the Company's 2006 Omnibus Equity Plan which vest in equal 33 1/3 portions on each of the first, second, and third anniversaries of the grant date (July 10, 2008).</footnote>
        <footnote id="F2">The full title of the deriviative security is 12% Cumulative Participating Perpetual Convertible Preferred Stock, par value $0.01 per share (the &quot;Preferred Stock&quot;).</footnote>
        <footnote id="F3">Each share of Preferred Stock is convertible into 31.322 shares of the Company's common stock, which represents a conversion price of approximately $3.19 per share.  If the Company's certificate of incorporation is amended to increase the number of authorized shares of capital stock to 220,000,000 shares, 200,000,000 of such shares being common stock, and 20,000,000 of such shares being preferred stock, each share of Preferred Stock will be convertible into 60.606 shares of the Company's common stock, which represents a conversion price of approximately $1.65 per share.</footnote>
        <footnote id="F4">The Preferred Stock is convertible into common stock at any time and has no expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Devin I. Murphy</signatureName>
        <signatureDate>2009-11-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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