Los Angeles, CA – December 4, 2009 — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the sale of 162,070 shares of common stock by the Company’s president and CEO, Brett White, on December 1, 2009 was made pursuant to a previous election to sell sufficient shares to cover payment of withholding taxes due on the conversion and distribution of restricted stock units into shares of Company common stock. Mr. White received no net proceeds from the sale.
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). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. 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 has been named a BusinessWeek 50 “best in class” company for three years in a row. Please visit our Web site at www.cbre.com.