[Federal Register Volume 64, Number 3 (Wednesday, January 6, 1999)]
[Notices]
[Pages 917-918]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-222]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration (Grubb & Ellis Company, Common Stock, Par Value, $.01 
Per Share); File No. 1-1822

December 30, 1998.
    Grubb & Ellis Company (``Company'') has filed an application with 
the Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 
12d2-2(d) promulgated thereunder, to withdraw the above specified 
security (``Security'') from listing and registration on the Pacific 
Stock Exchange, Inc. (``PCX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security of the Company has been listed for trading on the 
Exchange and, pursuant to a Registration Statement on Form 8A which 
became effective on April 15, 1981, was listed for trading on the 
American Stock Exchange (``Amex''). Trading in Company's Security on 
the New York Stock Exchange (``NYSE'') commenced

[[Page 918]]

at the opening of business on April 14, 1983, and concurrently the 
Security was suspended from trading on the Amex.
    The Company has complied with the rules of the PCX by filing with 
the Exchange a certified copy of resolutions adopted by the Company's 
Board of Directors authorizing withdrawal of its Security from listing 
on the Exchange and by setting forth in detail to the Exchange the 
reasons for such proposed withdrawal, and the facts in support thereof. 
In making the decision to withdraw its Security from listing on the 
Exchange, the Company considered the direct and indirect costs and 
expenses attendant on maintaining the dual listing of its Security on 
the NTSE and the PCX. The Company does not see any particular advantage 
in the dual trading of its Security and believes that dual listing 
would fragment the market for its Security.
    The Exchange has informed the Company that its has no objection to 
the withdrawal of the Company's Security from listing on the Exchange.
    This Application relates solely to the withdrawal from listing of 
the Company's Security from the Exchange and shall have no effect upon 
the continued listing of such Security on the NYSE.
    By reason of Section 12(b) of the Act and the rules and regulations 
of the Commission, the Company shall continue to be obligated to file 
reports under Section 13 of the Act with the Commission and the NYSE.
    Any interested person may, on or before January 28, 1999, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
Exchange and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-222 Filed 1-5-99; 8:45 am]
BILLING CODE 8010-01-M