CB Richard Ellis Group, Inc. Announces First Quarter 2007 Earnings Conference Call and Webcast

Business Wire, April 25, 2007

LOS ANGELES -- CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it will release its First Quarter 2007 results after the close of the New York Stock Exchange on Tuesday, May 1, 2007. Management will conduct a conference call with shareholders, analysts and investors on Wednesday, May 2, 2007 at 10:30 a.m. Eastern Daylight Time (EDT).

A live webcast of the conference call, including a PowerPoint presentation, may be accessed through the Investor Relations section of the Company's Web site at www.cbre.com. The PowerPoint slides will be made available for download immediately following the call. The webcast will be available on the Company's Web site for three months.

The direct dial-in number for the conference call is 877-260-8899 for U.S. callers and 612-332-1025 for international callers. A replay of the call will be available for two weeks starting at 2:00 p.m. EDT on May 2, 2007 and ending at midnight EDT on May 16, 2007. The dial in number for the replay is 800-475-6701 (U.S. callers) and 320-365-3844 (for international callers). The access code for the replay is 871538.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, California, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 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; appraisal and valuation; development services; investment management; and research and consulting. In 2007, BusinessWeek named CB Richard Ellis one of the 50 "best in class" companies across all industries. Please visit our Web site at www.cbre.com.