CB Richard Ellis Group, Inc. Announces Third-Quarter 2004 Earnings Conference Call and Webcast.

LOS ANGELES -- CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it will host a conference call for investors and analysts at 10:30 a.m. EST on Thursday, November 4, 2004 to discuss its third-quarter 2004 financial results. The Company will issue a news release announcing third-quarter results after the market closes on November 3, 2004, which will be available on its web site at www.cbre.com.

The Company will also provide a live Webcast of the call, which will be accessible on the Investor Relations section of the Company's Web site. A slide presentation will be posted on the Web site and will be accessible at the time of the call. Both the Webcast and the presentation will be archived on the Investor Relations section of the Company's Web site for 3 months.

The direct dial-in number for the conference call is 888-428-4469 (in the U.S.) and 651-224-7497 (for international callers). The access code is 750437. A replay of the call will be available beginning at 2:00 p.m. EST on November 4, 2004 and ending at 2:59 a.m. EST on November 11, 2004. To access the replay, the dial-in number is 800-475-6701 (in the U.S.) and 320-365-3844 (for international callers). The access code for the replay is 750437.

About CB Richard Ellis

Headquartered in Los Angeles, CB Richard Ellis Group, Inc. (NYSE:CBG) is the world's largest commercial real estate services firm (in terms of 2003 revenue). With approximately 13,500 employees, the company serves real estate owners, investors and occupiers through more than 220 offices worldwide (excluding affiliate and partner offices). The Company's core services include property sales, leasing and management; corporate services; facilities and project management; mortgage banking; investment management; appraisal and valuation; research; and consulting. For more information, visit the Company's Web site at www.cbre.com.