CB Richard Ellis Group, Inc. To Webcast Its May 18, 2007 Business Review Day.

LOS ANGELES -- CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it will hold its 2007 Business Review Day on Friday, May 18, 2007 from 8:30 a.m. to 2:00 p.m. Eastern Daylight Time (EDT). This year's agenda includes presentations on the Company's enhanced platform with Trammell Crow Company, and an overview of its Outsourcing, Institutional and Corporate Services, Development Services, Global Investment Management and Capital Markets businesses, and a Capital Markets panel discussion.

A live audio webcast of the Business Review Day as well as copies of presentations will be accessible and available for download at www.cbre.com/investorrelations. The webcast will be archived on the Investor Relations section of the Company's Web site for three months. The presentations will be archived on the Transcripts & Presentations section of the IR Web site.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, California, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner 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. In 2007, BusinessWeek named CB Richard Ellis one of the 50 "best in class" companies across all industries. Please visit our Web site at www.cbre.com.