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CB Richard Ellis Group, Inc. CEO Stock Sale Covers Withholding Taxes on Restricted Stock Vesting

 

Los Angeles, CA – September 13, 2010 — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the sale of 84,905 shares of common stock by the Company’s chief executive officer, Brett White, on September 9, 2010 was made pursuant to a previous election to sell sufficient shares to cover payment of withholding taxes due on the vesting of  prior grants of restricted stock units.  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 2009 revenue).  The Company has approximately 29,000 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. Please visit our Web site at www.cbre.com.

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