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Prospect News home > News index > List of issuers G > Headlines for Grubb & Ellis Co. > News item
Published on 9/8/2008 in the Prospect News Special Situations Daily.

Grubb & Ellis director continues to build stake with purchase of 2 million shares

By Lisa Kerner

Charlotte, N.C., Sept. 8 - Kojaian Ventures, LLC bought 2 million shares of Grubb & Ellis Co. on Sept. 3 and Sept. 4, according to a schedule 13D filed with the Securities and Exchange Commission.

The shares were purchased for $3.05 to $5.00 each.

C. Michael Kojaian, a Grubb & Ellis director, beneficially owns 15 million shares, or 23.1%, of the Chicago-based commercial real estate company.

Kojaian reported a 20% interest on Aug. 26.


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