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

Business Wire, July 17, 2006

LOS ANGELES -- CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that Brett White, President and Chief Executive Officer, and Ken Kay, Senior Executive Vice President and Chief Financial Officer, will host a conference call for analysts and investors on Thursday, July 27 at 10:00 a.m. EDT to discuss the Company's second quarter 2006 financial results. Cal Frese, Jr., President of the Company's Americas region, will also participate on the call. CB Richard Ellis will issue a press release announcing second quarter results after the market closes on July 26, 2006. A copy of the press release will be available on the Company's Web site at www.cbre.com.

A live webcast of the conference call may be accessed through the Investor Relations section of the Company's Web site, and will be available on the Company's Web site for three months. An earnings presentation will also be posted on the Company's Web site, and will be accessible at the time of the call.

The direct dial-in number for the conference call is 800-288-9626 (in the U.S.) and 612-332-0107 (for international callers). A replay of the call will be available starting at 1:30 p.m. EDT through midnight August 3, 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 836651.

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.