Bankruptcy Alert: The NIP Company Files For Chapter 11

• Debtor Name:  The NIP Company
• Year Filed:  2012
• Jurisdiction:  United States Bankruptcy Court / Western District of Texas
• Asset Size:  10,000,000 to 100,000,000
• Case Number:  12-10393
• Industry:  Insurance, Financial Services

The Austin, Texas-based Debtor is represented by Spencer Crain Cubbage Healy & McNamara PLLC.

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Bankruptcy Alert: Swansea Real Estate, Inc. Files For Chapter 11

• Debtor Name:  Swansea Real Estate, Inc.
• Year Filed:  2012
• Jurisdiction:  United States Bankruptcy Court / Southern District of Illinois
• Asset Size:  Less than 10,000,000
• Case Number:  12-30355
• Industry:  Real Estate

US Bank National Association is listed as largest creditor with a $10 million claim ($2 million secured).

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Bankruptcy Alert: The Cliffs Club & Hospitality Group, Inc. Files For Chapter 11

• Debtor Name:  The Cliffs Club & Hospitality Group, Inc.
• Year Filed:  2012
• Jurisdiction:  United States Bankruptcy Court / District of South Carolina
• Asset Size:  Less than 10,000,000
• Case Number:  12-01220
• Industry:  Entertainment/Recreation, Real Estate, Homebuilder

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Chapter 11 Snapshot: Grubb & Ellis Company

• Debtor Name:  Grubb & Ellis Company
• Year Filed:  2012
• Jurisdiction:  United States Bankruptcy Court / Southern District of New York
• Asset Size:  100,000,001 to 500,000,000
• Case Number:  12-10685
• Industry:  Real Estate

1551 North Tustin Avenue   Santa Ana, CA  92705

www.grubb-ellis.com    TAX ID:  94-1424307

Nature of Business:  Commercial real estate services firm, providing transaction services, property management, facilities management and valuation services.

# of employees:  Over 3000

Reasons Cited:  Liquidity issues; "2007-2009 meltdown of financial markets" and a slow real estate recovery.

Co-Debtors:

Grubb & Ellis New York, Inc.; Grubb & Ellis Affiliates, Inc.; Grubb & Ellis of Arizona, Inc.; Grubb & Ellis of Michigan, Inc.; Grubb & Ellis of Nevada, Inc.; Grubb & Ellis Consulting Services Company; Grubb & Ellis Landauer Valuation Advisory Services, LLC; Las Vegas Commercial Brokerage, LLC; Grubb & Ellis Management Services, Inc.; Grubb & Ellis Management Services of Michigan, Inc.; Grubb & Ellis Capital Corporation; Grubb & Ellis Equity Advisors, LLC; GBE Alesco Corp.; Grubb & Ellis Securities, Inc.; Grubb & Ellis Apartment REIT Advisor, LLC; and Grubb & Ellis Healthcare REIT II Advisor, LLC

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