Three of the seats on the eight-member Grubb & Ellis boardwere up for election at the shareholders' meeting, which was heldat the Four Seasons Hotel in Washington, DC. Grubb & Ellisasked shareholders to re-elect directors Harold H. Greene, Devin I.Murphy and D. Fleet Wallace. Thompson's choices, which he calledthe "reform slate," includes Thompson, Harold A. Ellis Jr. andStuart A. Tanz.

The final count showed that Greene, Murphy and Wallace received28.4 million, 32.8 million and 28.4 million votes, respectively;Thompson garnered 19.8 million votes, while Ellis and Tanz eachreceived 25.6 million votes. The results of the election werecertified by IVS Associates Inc. as the independent inspector ofelection.

[IMGCAP(2)]Both Grubb & Ellis and Thompson, who now headsIrvine, CA-based Thompson National Properties, listed a host ofarguments for their slates and against the opposing candidates infilings with the SEC and in letters to stockholders. Grubb &Ellis received support for its board candidates from three proxyadvisory firms: RiskMetrics Group (formerly InstitutionalShareholder Services or ISS), Glass Lewis & Co. and Egan-JonesProxy Services.