The Real Deal Miami

Delisting fight for Grubb & Ellis

August 18, 2009 11:27AM

Santa Ana-based Grubb & Ellis could be delisted from the New York Stock Exchange because its market capitalization has fallen below the exchange’s requirement. The commercial real estate services company, which trades under the ticker GBE and has offices in Miami and Boca Raton, now has a market cap of $40 million, below the $50 million threshold the NYSE requires. It’s been under that level for more than 30 consecutive days. It has 45 days to meet exchange requirements.