CB Richard Ellis Group, Inc. to Present at Morgan Stanley Business and Professional Services Conference

Business Wire, June 20, 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 participate in the Morgan Stanley Business and Professional Services Conference in New York on Thursday, June 22 at 8:00 a.m. (Eastern Time).

A listen-only audio webcast of the Company's remarks will be available on the Investor Relations section of the Company's Web site at www.cbre.com. To participate, click on the live webcast link for the "Morgan Stanley Business and Professional Services Conference." A replay of the audio webcast will also be available on the Company's web site through August 21, 2006.

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). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; investment management; appraisal and valuation; and 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.