SANTA ANA, Calif., Aug. 11, 2011 /PRNewswire/ -- Grubb & Ellis
Company (NYSE: GBE), a leading real estate services and investment
firm, today announced that it will file a Form 10-Q with the
Securities and Exchange Commission detailing its second quarter and
first-half 2011 results on Aug. 15,
2011. The company will not issue an earnings release
or host an investor conference call in light of its announcement on
March 21 that the company had
retained an investment advisor to explore strategic
alternatives.
About Grubb & Ellis Company
Grubb & Ellis Company (NYSE: GBE) is one of the largest and
most respected commercial real estate services and investment
companies in the world. Our 5,200 professionals in more than 100
company-owned and affiliate offices draw from a unique platform of
real estate services, practice groups and investment products to
deliver comprehensive, integrated solutions to real estate owners,
tenants and investors. The firm's transaction, management,
consulting and investment services are supported by highly regarded
proprietary market research and extensive local expertise. Through
its investment management business, the company is a leading
sponsor of real estate investment programs. For more information,
visit www.grubb-ellis.com.
Forward-Looking Statements
Certain statements included in this press release may constitute
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors that may cause the
company's actual results and events in future periods to be
materially different from those anticipated, including risks and
uncertainties related to the financial markets. Such factors which
could adversely affect the company's ability to obtain these
results include, among other things: (i) the general economic
pressures on transaction values of sales and leasing transactions
and businesses in general; (ii) a prolonged and pronounced
recession in real estate markets and values; (iii) the
unavailability of credit to finance real estate transactions in
general; (iv) the success of current and new investment programs;
(v) the success of new initiatives and investments; (vi) the
inability to attain expected levels of revenue, performance, brand
equity in general, and in the current macroeconomic and credit
environment, in particular; (vii) the occurrence of a bankruptcy by
the Met 10 tenant-in-common program or the demand for payments on
certain non-recourse/carve-out guaranty and indemnification
obligations issued by the company, which may, in turn, in the event
such bankruptcy, or such guaranty or indemnification obligations
cannot be met, result in a cross-default under the company's issued
and outstanding Convertible Senior Notes; and (viii) other factors
described in the company's annual report on Form 10-K for the
fiscal year ending December 31, 2010,
the Company's quarterly report on Form 10-Q for the quarter ended
March 31, 2011 and in other Current
Reports on Form 8-K filed by the company from time to time with the
Securities and Exchange Commission. The company does not undertake
any obligation to update forward-looking statements.
SOURCE Grubb & Ellis Company