CB Richard Ellis Groups added to the S&P 500

CBRE becomes the only commercial real estate services firm in the world to be included in the global index

Dubai: November 22, 2006 - CB Richard Ellis Group, Inc. (NYSE:CBG), the global leading property advisory, has been added to the S&P 500 Index, a representative sample of leading companies in major industries of the U.S economy. CB Richard Ellis is the only commercial real estate services firm included in the index.

“CBRE’s addition to the S&P 500 index will further strengthen its position as the premier global real estate consultancy firm.” Nicholas Maclean, Middle East Managing Director of CB Richard Ellis, said commenting on the addition. ”This exclusivity confirms the quality and commitment CBRE provides its local and global investors,” he added.

“We are pleased to be recognized among the premier business services companies in the U.S., “said Brett White, president and Chief Executive Officer of CB Richard Ellis. “We have a consistent record of growth and strong performance built on a commitment to superior client service. This has led us to a leadership position in commercial real estate markets around the world.”

Standard & Poor’s, a division of The McGraw- Hill Companies, is one of the world’s foremost providers of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment reach and data.


Notes to editor:

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). The Company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; mortgage banking; investment management; appraisal and valuation; and research and consulting. Please visit our Web site at www.cbre.com.

Lina Anani/Sami Al Shorafa
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East and North Africa
P O Box 28063
Dubai, UAE
Tel : (971 4) 3344550
Fax : (971 4) 3344556