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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________________
SCHEDULE 13D
(Amendment No. 7)
Under the Securities Exchange Act of 1934
GRUBB & ELLIS COMPANY
________________
(Name of Issuer)
Common Stock, par value $.01 per share
______________________________
(Title of Class of Securities)
40009-51-0
______________
(CUSIP Number)
Joe F. Hanauer
361 Forest Avenue
Laguna Beach, California 92651
(714) 494-2333
_____________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 1, 1998
_______________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Section Section 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box: [ ]
Check the following box if a fee is being paid with the statement: [ ]
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There are no exhibits filed with this Amendment.
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SCHEDULE 13d
CUSIP No. 40009-51-0
----------
1. Name of Reporting Person
Joe F. Hanauer
2. Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds
OO
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
United States
Number of 7. Sole Voting Power: 1,008,323 shares of Common Stock
Shares
Beneficially 8. Shared Voting Power: -0- shares of Common Stock
Owned By
Each 9. Sole Dispositive Power 1,008,323 shares of Common Stock
Reporting
Person 10. Shared Dispositive Power: -0- shares of Common Stock
With
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,008,323
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
4.99%
14. Type of Reporting Person
IN
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The sole purpose of this Amendment No. 7 is to report that (i) Joe F.
Hanauer's ownership of the Common Stock, par value $.01 per share (the "Common
Stock"), of Grubb & Ellis Company, has fallen below five percent as the result
of the issuance of additional shares of Common Stock by Grubb & Ellis Company
and (ii) his obligation to file this Schedule 13D has therefore terminated.
Mr. Hanauer's percentage beneficial ownership of the Common Stock was
calculated assuming that the shares of Common Stock represented by certain
warrants and stock options held by him (which are described in Amendment No. 6
dated December 11, 1996 to this Schedule 13D) were issued and outstanding.
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: April 30, 1998
By: /s/ Joe F. Hanauer
-----------------------
Joe F. Hanauer
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