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SANTA ANA, CA-Grubb & Ellis Co. has received notice from the New York Stock Exchange that it is not in compliance with listing standards that require a minimum average closing price of $1 per share over 30 consecutive trading days. The notice is the second such warning that Grubb & Ellis has received in the past two years from the NYSE, which notified the Santa Ana-based company in August 2009 that it was not in compliance with listing standards. In that case, it was because the company’s total market capitalization had been less than $50 million over a consecutive 30-trading-day period and its last reported stockholders’ equity was less than $50 million.

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