CB Richard Ellis Group, Inc. Announces First-Quarter 2006 Earnings Conference Call and Webcast

Business Wire, April 24, 2006

LOS ANGELES -- CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it will host a conference call for investors and analysts at 10:30 a.m. EDT on Wednesday, May 3, 2006 to discuss its first-quarter 2006 financial results. The Company will issue a press release announcing first-quarter results after the market closes on May 2, 2006. The press release will be available on the Company's Web site at www.cbre.com.

The Company will also provide a live webcast of the call, which will be accessible on the Investor Relations section of the Company's Web site. A presentation will be posted on the Web site and will be accessible at the time of the call. Both the webcast and the presentation will be archived on the Investor Relations section of the Company's Web site for three months.

The direct dial-in number for the conference call is 888-428-4474 (in the U.S.) and 612-288-0337 (for international callers). A replay of the call will be available beginning at 2:00 p.m. EDT on May 3, 2006 and ending at 11:59 p.m. EDT on May 13, 2006. The dial-in number for the replay is 800-475-6701 (in the U.S.) and 320-365-3844 (for international callers). The access code for the replay is 827041.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2005 revenue). With approximately 14,500 employees, the Company serves real estate owners, investors and occupiers through more than 200 offices worldwide (excluding affiliate and partner offices). The Company's core services include property sales, leasing and management; corporate services; facilities and project management; mortgage banking; investment management; appraisal and valuation; research and consulting. Founded in 1906, CB Richard Ellis marks a century of excellence in real estate services this year. Please visit our Web site at www.cbre.com.