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GBE - ($1.24) charts- broke middle bollinger on weekly chart BULLISH - has not had a weekly PSAR since May 2010. BULLISH ---

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Recent news:

SANTA ANA, Calif., Sept. 20 /PRNewswire/ -- Grubb & Ellis Healthcare REIT II, Inc. today announced that it has acquired a seven-building portfolio of skilled nursing facilities located throughout Virginia. The approximately 230,000-square-foot, 563-bed portfolio was built between 1989 and 2004. Laurel Healthcare and Kissito Healthcare operate the facilities under long-term absolute net leases. The acquisition closed on Sept. 16.

SANTA ANA, Calif., Sept. 20 /PRNewswire-FirstCall/ -- Grubb & Ellis Landauer Valuation Advisory Services opened for business today with 12 offices, just three months after Grubb & Ellis Company (NYSE:GBE - News) announced its intent to launch a national valuation advisory business, which will ultimately grow to more than 350 appraisers with a presence in every key market throughout the United States.

JOPLIN, Mo., Sept. 7 /PRNewswire-FirstCall/ -- Grubb & Ellis Healthcare REIT II, Inc. today announced that it has acquired Joplin Long-Term Acute Care Hospital, a single-story, 26,000-square-foot, Class A single-tenant medical facility in Joplin. The acquisition closed on Aug. 31.

SANTA ANA, Calif., Sept. 7 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE - News), a leading real estate services and investment firm, announced today that its board of directors has declared a dividend of $3.00 per share on the company's 12% Cumulative Participating Perpetual Convertible Preferred Stock to stockholders of record as of September 17, 2010. The dividend is for the quarterly period from July 1, 2010 and is payable on September 30, 2010.

On Tuesday September 7, 2010, 2:28 pm EDT
SANTA ANA, Calif. (AP) -- Commercial real estate company Grubb & Ellis Co. said Tuesday it will begin offering residential property management services nationwide through a partnership with Kettler Inc.

The partnership will operate as Grubb & Ellis-Kettler Residential Management.

Kettler, which is based in Washington, D.C., manages more than 16,000 apartments in 70 communities in the Mid-Atlantic states and Northeast.

As of June 30, Grubb & Ellis and its affiliates managed about 300 million square feet of commercial property.

Shares in Grubb & Ellis slipped a penny to $1.13 in afternoon trading.



Sept. 7 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE - News), a leading real estate services and investment firm, today announced that it has established a strategic alliance with Kettler Inc., one of the Mid-Atlantic's largest real estate and property management firms, to provide residential property management services nationwide.

Aug. 30 /PRNewswire/ -- Grubb & Ellis Apartment REIT, Inc. today announced that it has entered into definitive agreements totaling $182 million to acquire nine multifamily properties from affiliates of MR Holdings, LLC and substantially all of the assets of Mission Residential Management.

Aug. 19 /PRNewswire/ -- Grubb & Ellis Healthcare REIT II, Inc. today announced that it has acquired Cape Girardeau Long-Term Acute Care Hospital, a single-story, 26,000-square-foot, Class A single-tenant facility in Cape Girardeau. The acquisition closed on Aug. 12

Aug. 10 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE - News), a leading real estate services and investment firm, today reported second quarter 2010 revenue of $140.7 million, an increase of 11 percent, compared with revenue of $126.8 million for the second quarter of 2009. For the first six months of 2010, the company reported revenue of $273.2 million, an approximate 10 percent increase over revenue of $249.0 million for the comparable period of 2009

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