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IAOP Names CB Richard Ellis among Top Outsourcing Providers for Third Time

Los Angeles – February 19, 2009 – The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2009 Global Outsourcing 100 for the third straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges.

CB Richard Ellis, the real estate’s premier provider of corporate and institutional services globally, works with approximately 88% of FORTUNE 100 companies. CBRE offers an unrivaled suite of services including transaction management, facilities management, property management, project management, lease administration, development services, capital markets solutions, consulting services and more.

"To be recognized once again as one of the world’s top outsourcing firms is a testament to the confidence client have in the capabilities of our professionals and our platform," said Bill Concannon, Vice Chairman of Global Corporate Services for CB Richard Ellis. "Today’s challenging economic climate has created a heightened opportunity for companies to reevaluate their real estate operations and more and more find CBRE’s outsourcing solutions address their cost reduction and elevated service requirements."

"At a time when companies that outsource are scrutinizing their suppliers more closely than ever to ensure they are delivering the high quality, value-added results being sought by customers, The Global Outsourcing 100 has become even more valuable reference tools for companies seeking to work with the best providers," said IAOP Chairman Michael Corbett. Mr. Corbett added, "CB Richard Ellis has successfully demonstrated it is committed to continuously improving its long term leadership position in outsourcing."

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate 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. CB Richard Ellis is the only commercial real estate services company named one of the 50 "best in class" companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com.  

About IAOP

The International Association of Outsourcing Professionals™ (IAOP™) is the global, standard-setting organization and advocate for the outsourcing profession. With 40,000 customer, advisor and provider members worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit www.outsourcingprofessional.org.

About The Global Outsourcing 100™

The International Association of Outsourcing Professionals™ (IAOP™) is in its fourth year of compiling its annual ranking of the world’s best outsourcing service providers and advisors – The Global Outsourcing 100. The Global Outsourcing 100 and its sub lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services — not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today’s leaders, but tomorrow’s rising stars.

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