CB Richard Ellis Group, Inc. Selected Exclusive Provider of Comprehensive Real Estate Services for Nissan NA

Business Wire, August 29, 2007

LOS ANGELES -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that Nissan North America, Inc. (NNA) has selected the firm as the exclusive real estate services provider for its non-manufacturing facilities across the United States.

CB Richard Ellis will provide transaction management, portfolio administration and project management for 31 properties totaling 4.2 million square feet of regional sales and marketing offices, call centers, parts distribution facilities and service training centers throughout the United States. The initial phase of the assignment also includes facilities management for five of these locations totaling 1.5 million square feet and NNA's soon-to-be-completed 450,000 square foot headquarters facility in Franklin, Tennessee.

For the past eight years, CB Richard Ellis has provided brokerage and portfolio administration services to Nissan North America, primarily in Southern California, including the sale of NNA's Los Angeles-based corporate headquarters facility. NNA relocated to Tennessee in 2006. Under a new five-year contract, CB Richard Ellis' services have now been expanded to include facilities and project management services.

Nigel Poland, a Managing Director with CB Richard Ellis, said, "We have been privileged to serve Nissan North America for more than eight years and are excited about this expanded commitment to our relationship. We are looking forward to providing them with the benefits of our integrated services across their non-manufacturing portfolio."

The relationship is led by a CB Richard Ellis team that includes Mr. Poland; Vince Dunavant, newly named Alliance Director for the account; and many other CB Richard Ellis professionals in major U.S. markets and Japan.

For more information on Nissan North America see www.nissanusa.com

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, 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.