CBRE Recognizes Leed(r) Accredited Professional Suneeta Singh

TAMPA, FL- CB Richard Ellis recognizes Suneeta Singh (top right photo) on becoming a LEED Accredited Professional (LEED AP). Suneeta has been with CBRE for almost a year and during that time has become a valuable member of Tampa's Project Management team.

"Earning this accrediation shows one's commitment to and understanding of the LEED certification process," says Suneeta.

Suneeta earned her Masters in Construction Management from the University of Florida and has established a background in architecture, with extensive experience ranging from interior renovations to ground-up construction.

CBRE has taken a proactive role in guiding landlords through the LEED Existing Building (EB) program and incorporating LEED for Commercial Interiors (CI) into tenant build out scopes.

CONTACT: lmcrawford@cbremarketing.com

CBRE Global In-Sight Web Meeting June 20

Global In-Sights: United States

Please note that there is a maximum attendance of 200 people for this meeting. Access is granted on a first come basis.

BOSTON, MA--CBRE provides capital and property market analyses to its clients through multiple avenues. One such avenue is CBRE's Global In-Sight web-meetings, a series of presentations on the economy of major global markets.

Raymond Torto, (top right photo) CBRE's Global Chief Economist, hosts each web meeting and sets the stage for the presentation.

This presentation features Jon Southard, (middle left photo) Principal and Director of Forecasting at CBRE Torto Wheaton Research who will opine on the current state of the economy, the capital markets and the outlook for commercial real estate.

Please join Jon Southard and Raymond Torto to discuss the US Economy and Real Estate Outlook on Friday, June 20, 2008, at 14:00 GMT (10:00 am EDT)

AGENDA:

• US within a Global Perspective

• Capital Markets Flows and Pricing

• Property Fundamentals

• Q & A Duration: 60 minutes


For computer issues accessing the meeting, please contact Live Meeting Technical Support at (866) 493-2825 (Toll Free) or (650) 526-6950 (International Toll)

CBRE's Central Florida Multi-Housing Group Closes More Than $384M in Local Apartment Sales

ORLANDO, FL, June 5, 2008--CB Richard Ellis is pleased to announce that CBRE’s Central Florida Multi-Housing Group has closed more than $384 million in local apartment sales during the last twelve months.

Most recently, the Group closed a $28 million transaction last month. CBRE exclusively
represented the seller in that confidential Orlando sale, and currently has
other projects valued at about $105 million under contract.

CBRE’s Central Florida Multi-Housing Group has sold more multihousing
properties in Orlando over the last twelve months than any other
company. The assets sold range from “fractured” projects – communities that converted and sold units as condominiums and reverted the remaining units back to rentals – to value add and core opportunities.
Shelton Granade and Luke Wickham of CBRE’s Orlando office represented the seller in all transactions.

For further information, please contact the Central Florida Multi-Housing
Group of CB Richard Ellis. Shelton Granade and Luke Wickham, First Vice President, Director of Operations, Central Florida Multi-Housing Group
T 407.839.3103 T 407.839.3130
F 407.404.5001 F 407.404.5001, Licensed Real Estate Broker, 189 S. Orange Avenue, Suite 1900, Orlando, FL 32801
shelton.granade@cbre.com

luke.wickham@cbre.com

RP Realty Partners Awards CB Richard Ellis Exclusive Listing for The Plaza

ORLANDO, FL - RP Realty Partners, LLC a privately held, fully integrated real estate investment and operating company headquartered in Beverly Hills, California, is fast becoming a lynchpin in the continued renaissance of downtown Orlando, announced they have awarded CB Richard Ellis the exclusive listing agreement for The Plaza (top right photo).

CB Richard Ellis is a worldwide leader in commercial real estate services. Bobby Palta, Senior Associate, (photo at left) Wood Belcher,(photo at left below Palta) First Vice President (both with the Retail Properties Group), and Nan McCormick, (photo at right) Senior Vice President (Office Properties Group) are currently exclusively representing over 102,000 square feet of retail, restaurant and entertainment space on the first and second floors of The Plaza in Downtown Orlando.

The property is located at the Northeast Corner of Orange Avenue and Church Street in the heart of Orlando's Central Business District.

"The Plaza property is Downtown Orlando's premier retail venue. With the progress that has been made thus far by developers partnering with the City of Orlando, downtown Orlando has made tremendous strides towards becoming a 24/7 city.

"The lease up of the remaining retail space in The Plaza development will be key in making progress towards that goal. Targeted users include a theater, entertainment venues, destination restaurants & bar/lounges as well as retail and services for the ground floor retail," said Belcher and Palta.

Over $800 million dollars in new projects including a new Arena for the Orlando Magic scheduled to open for the 2010 basketball season and new state of the art four theater Performing Arts Center are all slated for downtown Orlando just blocks from The Plaza.

In addition, construction of new access ramps to both the Interstate 4 and the 408 East West Expressway Interchange will also increase connectivity in and around Downtown Orlando which much of the off ramp traffic eventually flowing right by the Plaza via Church Street.

The Plaza is uniquely positioned in the 100% location to capture the daytime and nighttime energy within Downtown Orlando.

With more than 7.1 million square feet of office space at a 9.4% vacancy rate (Florida's lowest) and 137,041 employees working within two miles, The Plaza is positioned well for Downtown's workforce.

The half-dozen gentrifying neighborhoods in and around Downtown provide a young, active population base to generate success for retailers and restaurants in The Plaza - more than 286,000 people within five miles.

RP Realty Partners invests in middle-market transactions ranging form $10-100 million and provide debt & equity capital for real estate properties throughout the United States. They are fast becoming one of the key owners in the Orlando MSA, with their interest in The Plaza, Altamonte Town Center, Baldwin Park and several other retail centers.

CONTACTS:

Bobby Palta, 407 839 3124, bobby.palta@cbre.com

Jessica Wilhoite, 407 839 3158, jessica.wilhoite@cbre.com

CB Richard Ellis Awarded Exclusive Listing Agreement With Continental Properties

ORLANDO, FL - CB Richard Ellis, leader in commercial real estate services worldwide, is pleased to announce the exclusive retail listing with Continental Properties Company, Inc.

Headquartered in Milwaukee, Wisconsin, with offices in Jacksonville, Florida; Phoenix, Arizona; and Cincinnati, Ohio; Continental develops, builds and manages retail, multifamily, and hospitality projects across the country.

Jorge Rodriguez, CCIM, and James Mitchell, Senior Associate, are representing the owner to lease the 3 Kohl's anchored shopping centers owned by Continental Properties Company, Inc. in Sanford, Oviedo, and Tavares.

The Sanford location includes a total of 15,000 square feet of small shop space starting at 1,400 square feet. There are three single-tenant outparcels available for ground lease or sale. In the Oviedo location there is space available for junior tenants up to 50,000 square feet, 13,000 square feet of small shop space and 3 single-tenant outparcels.

Finally, the Tavares location currently has 90,000 square feet under construction and is scheduled to open during October 2008. There is a total of 14,000 square of available retail space with small shop space starting at 1,400 square feet. A single-tenant deal is currently pending for the one-acre outparcel in that location.

Jorge Rodriguez shares his thoughts on this new representation saying, "I'm very excited to participate on this assignment with James Mitchell to serve Continental Properties.

"CB Richard Ellis' platform allows us to structure a leasing strategy that integrates several different tactics considering the junior anchor and small shop opportunities by grouping the assets to appeal to select retailers that are seeking to target the dense surrounding communities."

This is a 400,000 square foot retail portfolio win for CB Richard Ellis. Rodriguez and Mitchell have begun marketing the available space and are positive about the opportunities these shopping centers bring to the individual market areas.

CONTACTS:

Jessica Wilhoite, 407 839 3158, jessica.wilhoite@cbre.com

James Mitchell, 407 404 5024, james.mitchell@cbre.com

Jorge Rodriguez, 407 404 5014, jorge.rodriguez@cbre.com

CBRE Orlando Releases 1Q 2008 MarketView Reports on Office and Industrial Markets in Central Florida

(Orlando night skyline photo above)

ORLANDO, FL--CBRE Orlando has released its first quarter 2008 MarketView Reports on the office and industrial markets in Central Florida. Highlights of those reports are below. For a detailed copy of the reports, please contact Jessica Wilhoite at jessica.wilhoite@cbremarketing.com.

Office Market

Sublease inventory doubled since 2007.
Investment Sales down in first quarter.
Average Asking Rents have risen from $20.52 to $22.24 in the last two years. A decrease is projected in the near future.
Demand for office condos has evaporated.
Capital for commercial real estate is still readily available but on a more conservative basis.

Industrial Market

AMB Property Corporation has plans to break ground late 2008 at Orlando Airport Park.
Interest rates are still attractive.
Central Florida remains an economically over performing metro area.
2.5 million square feet of industrial projects are under construction.
Overall vacancy rates at 8.8%.

CB Richard Ellis Sells 46+ Acres Within International Corporate Park

ORLANDO, FL-- CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to announce the sale of a 46+ acre tract of land within International Corporate Park (ICP), located in East Orlando and in close proximity to the new 'Medical City' featuring the Burnham Institute, (bottom right photo) UCF Medical School, (bottom left photo) VA Hospital & Nemours Children's Hospital.

International Corporate Park encompasses over 2,900 acres of fully permitted sites and 20 million square feet approved for a mixture of uses including manufacturing, light industrial, biotech, and office. David Murphy, CCIM, SIOR, MIA (top right photo) Senior Vice President and Erik W. Schwetje, CCIM (top left photo) Vice President, represented the Seller, ICP Land Partners, LLC.


About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, 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.

Please visit our Web site at http://www.cbre.com/.

Contact:

David Murphy, CCIM, SIOR, MIA
407.404.5020
david.murphy@cbre.com

Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Erik Schwetje, CCIM
407.404.5011
erik.schwetje@cbre.com

CB Richard Ellis Awarded Exclusive Listing and Property Management Agreement for Posner Commons

ORLANDO, FL - CB Richard Ellis, leader in commercial real estate services worldwide, is pleased to announce the exclusive listing and property management agreement for Posner Commons, (rendering above) which is being developed by Trammell Crow Company's Atlanta office, headed by Larry Pantlin, in joint venture with Land Development and MetLife.

Jorge Rodriguez, CCIM and Associate with CB Richard Ellis, is the listing agent and Barbara Halgren, Real Estate Manager, is the property manager.

Posner Commons is a 630,000 square foot development at the Southeast corner of Interstate 4 and US Highway 27 in Polk County, is owned by Trammell Crow Company, MetLife, and the Posner Family. Rodriguez is very positive about this new development and the opportunities it brings to Polk County.

"Posner is one of the largest projects in central Florida to be delivered mid-2008. It has a captive audience in the Four Corners/Polk County trade area with limited competition within a 15-mile regional trade area," says Rodriguez. "Polk County is projected to be one of the fastest growing counties in Florida over the next 20 years."

This 368-acre development is the perfect place for America's largest retailers as well as junior anchors, small shops, and outpads. The park is currently 80% leased with available spaces starting at 1,400 square feet. Target opened on March 4th, (photo at left above) with a series of large retailers soon to follow. Belk opened its doors on March 12th (photo at right) and Books-A-Million on March 14th. Best Buy and Staples are tentatively set to open in early to mid-April. Some of the other great tenants include JCPenney, PetSmart, Dick's Sporting Goods, Michael's, and Ross.

Larry LoCascio, Director of Asset Services at CB Richard Ellis, says, "It's a huge win for Asset Service Retail leasing and management. This win solidifies the CBRE name brand and strength as the premier Retail real estate services provider in Orlando as well as in the State of Florida. We are very excited about the opportunity."

CONTACTS:
Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Jorge Rodriguez
407.404.5014
jorge.rodriguez@cbre.com

CBRE Announces 147,197-SF Industrial Lease at Madison Business Center in Tampa

New Tenants and Construction Challenge Recession Claims

TAMPA, FL-- CB Richard Ellis (CBRE) is pleased to have represented IDI in their lease of 147,197 square feet to American Tire Distributors, at Madison Business Center, Building E. (photo top right)

Rick Narkiewicz, (photo below at left) First Vice President and industrial real estate broker with CBRE, negotiated the lease on behalf of the landlord. Texas-based, tenant representation firm Jackson & Cooksey Inc. represented the tenant. American Tire Distributors is scheduled to occupy this summer and will be tripling its capacity in Tampa at the state-of the-art facilities of Madison Business Center.

Madison Business Center, IDI's first business park in the Tampa market, has been built to higher standards than past generations of industrial product. The building has a minimum of 28' clear height for increased warehouse clearance, deeper truck courts and wider column spacing. These features, paired with the ESFR fire suppression system, should reduce American Tire's operating costs, give greater cubic capacity and are likely to lower insurance premiums.

"This new generation of distribution facilities is enabling companies to increase their cubic capacity while reducing their amount of rental square feet. I am seeing more companies wanting the 28' and 30' clear warehouse so they can reduce operating costs," remarks Narkiewicz.

The American Tire expansion, among others, has lead Narkiewicz to question recent claims of a recession, "Over the past two quarters, Tampa has experienced a significant amount of leasing activity from prominent national-credit tenants at record high lease rates. From my perspective this demonstrates that many larger companies understand the importance of servicing the Tampa Bay area and are taking the necessary steps to grow their market share. "

Narkiewicz also talks about the strong foundation of Tampa's industrial market where the vacancy rate is near a historic low of below 5 percent. "Demand for quality facilities is steady, rental rates have reached records highs and rental concessions are minimal," says Narkiewicz. "At Madison Business Center, prospective tenants are already talking to us about our next buildings, with several large build-to-suit tenants seriously considering the location."

Commenting on recent speculative developments in the industrial market, Narkiewicz says, "[It] has filled a serious void and will help bring the market towards equilibrium. Additionally, having multiple relocation options available will attract companies and new jobs to the Tampa Bay area."

About IDI
(http://cbremarketing.com/ve/ZZN702863C6128P88nb2/stype=click/OID=108317172942335/VT=0) is a national, full-service industrial real estate developer based in Atlanta, providing strategically located properties throughout the U.S. to meet its tenants' distribution, warehouse and light-manufacturing needs. To date, IDI has developed 115 million square feet of industrial space valued at $5.6 billion. IDI has development offices in Atlanta, Cincinnati, Chicago, Dallas, Fort Lauderdale, Los Angeles, Memphis and Philadelphia.

Also, IDI Services Group (http://cbremarketing.com/ve/ZZN702863C6128P88nb2/stype=click/OID=608317172942619/VT=0/VT=0) provides comprehensive property management, leasing and construction management services, currently managing more than 60 million square feet of property for IDI tenants, including third-party owners such as pension funds and insurance companies.

CONTACTS:

Rick Narkiewicz
813.273.8444
rick.narkiewicz@cbre.com
Lauren Crawford
813.273.8482
lauren.crawford@cbre.com

CB Richard Ellis Project Management Wins Contract With TIAA-CREF on New Sweet Tomatoes Restaurant

ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, is pleased to announce a new project management agreement with TIAA-CREF to serve as the owner's representative in the construction of a new, ground-up, Sweet Tomatoes Restaurant. Upon completion, the new restaurant will stand in the existing Crossroads Shopping Center at Lake Buena Vista in Orlando, Florida.

Those responsible for this big win at CB Richard Ellis were, Dave Kreinest, Managing Director of the Project Management Division, Brit Christian, (photo at right) Director of Project Management for Florida, and Nick Boehme, (photo at left) Project Manager in Orlando. They closed the agreement by supporting TIAA-CREF in work letter negotiations, design oversight, and pre-construction planning. Nick Boehme, as their single point of contact, will oversee site modifications and construction of the 7,500 square foot building which is expected to be complete by the fourth quarter of 2008.

Nick Boehme states, "We were able to help our client take advantage of the remaining development potential in the existing shopping center. By leveraging the great relationships that CBRE has with vendors in the construction industry, we helped pass on savings in time and money to TIAA-CREF. The addition of a nationally recognized restaurant combined with the strategic location near Orlando's attractions will candidly draw in more consumers to the property."

Contact:
Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Nick Boehme
407.404.5043
nick.boehme@cbre.com

CBRE Overview on Orlando Multi-Housing Market

CBRE CENTRAL FLORIDA MULTI-HOUSING GROUP: $ 570 million, 5,391 units closed in Central Florida 2007

ORLANDO, FL--ORLANDO RENTAL MARKET FUNDAMENTALS
Metro Orlando’s multi-family rental market finished 2007 approaching stabilization as the effects of the condo conversion “shadow” market began to wane, according to a March market overview prepared by Shelton D. Granade, (photo at right) first vice president, CB Richard Ellis--Central Florida Multi-Housing Group, and Luke Wickham, (photo at left) director of operations in the same group.

Gross occupancy for the metro area finished above 94% at year end, according to M/PF Research. That figure was down about 1 point from a year earlier but held steady from March to December 2007. Average rent was also down about 1% for the year from $839 to $829 as many units intended for conversion to condominiums had to aggressively lease back up as rentals.

The encouraging news is that demand was up again in 3rd and 4th Qtr of 2007, and rents and occupancy are expected to rise throughout 2008. The shadow market is approaching stabilization and new construction of market-rate rentals will be modest this year. Both of those factors should bode well for the performance of apartment properties in 2008 and beyond. The following chart summarizes historical and forecasted statistics for Orlando:

2007 Sales Highlights
Orlando Sales: $ 1.06 billion
Avg. Price Per Unit: $90,083
Most Active Buyer: Private Investors
# Properties Purchased by Year Built:
2000 – current: 9
1990 – 1999: 9
1980 – 1989: 7
prior to 1979: 18
TOTAL 43

MARKET SNAPSHOT: Orlando’s total employment growth over the next two years is projected to be the best in the country – more than 116,000 new jobs from 2008 - 2010.

PROJECTIONS FOR CENTRAL FLORIDA
• Orlando’s increasing population and state leading job growth should stimulate demand for apartments, thus increasing occupancy and effective rental rates modestly in 2008
• By year end ‘08, annualized vacancy is expected to be 3.7% while average rents are forecast to grow from $829 to $861 per month according to MPF/Torto Wheaton
• As the homes and condos of more individuals and families go into foreclosure, those people will enter the rental market thus increasing demand for rental units
• Purchases of single family homes will continue to decrease, which will in turn keep traditional renters in apartment communities
• The condo conversion shadow market will be stabilized and leased by 3rd Qtr 2008
• Concessions are likely to remain prevalent early in the year, but will probably lessen further in the 2nd and 3rd Quarter of 2008.
• Orlando is poised for strong rent growth in the latter part of 2008 and early 2009
• Demand for rental units will continue to exceed the supply of new units under construction

• Although there is tremendous demand for new apartment development, we anticipate a minimal amount of new apartment properties being built due to a lack of available land, high impact fees, and a cautious lending environment
• Cap rates are expected to remain low the 1st half of ‘08 but may increase after mid year
• Owners of properties with favorable assumable debt will be more active sellers as many private investors find it more challenging to find highly leveraged new debt
• Bank owned sales of assets intended for condo conversion will increase in ‘08

For more information regarding the MarketView, please contact:

Shelton D. Granade, First Vice President
CB Richard Ellis – Central Florida Multi-Housing Group
189 S. Orange Avenue, Suite 1900, Orlando, FL 32801
T. 407.839.3103 • F. 407.404.5001
shelton.granade@cbre.com

Luke Wickham, Director of Operations
CB Richard Ellis – Central Florida Multi-Housing Group
189 S. Orange Avenue, Suite 1900, Orlando, FL 32801
T. 407.839.3130 • F. 407.404.5001
Luke.wickham@cbre.com

CB Richard Ellis Sweeps Central Florida NAIOP Brokerage Awards

ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, swept the brokerage awards for the third year in a row at the Central Florida NAIOP Award Ceremony held at SeaWorld on February 28, 2008.

David Murphy, (right top photo) Senior Vice President with the Orlando office was named Industrial Broker of the Year 2007, for the fifth year in a row. Murphy was recently named one of the top 200 brokers in North America for CB Richard Ellis and has been recognized as one of the top industrial producers in the company.

Ron Rogg, (photo top left) Executive Vice President with the Orlando office, received the Investment Properties Broker of the Year 2007 award as well as Largest Sale of the Year award for the $90 million, One Orlando Center project. This is Ron's third year receiving a NAIOP award. In 2005, he was named Office Broker of the Year and 2006 Investment Properties Broker of the Year. This marks the third year that Rogg was named as one of CBRE's top 200 brokers in North America. Also this year, Rogg was named to the prestigious Coldwell Circle of CBRE. This group represents the top 3 percent of all CB brokers nationwide.

John Gilbert, (photo at left) Senior Vice President, was named Office Broker of the Year 2007. This is Gilbert's first year to receive an award. Gilbert has completed over 500 sale and lease transactions totaling over $500 million in value.

"All of us at CB Richard Ellis Orlando are proud of the industry recognition that David, John and Ron have received," says Bill Moss, (photo at right) Senior Managing Director for Florida. "They are richly deserving of these awards that honor the "best of the best" of the Central Florida commercial brokerage industry."

Contacts:
Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Bill Moss
407.404.5000

bill.moss@cbre.com

Palta Promoted to Senior Associate

ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, is pleased to congratulate Bobby Palta (photo top right) on moving forward to the Senior Associate level.

February marks Palta's 3-year anniversary with CB Richard Ellis and his 10th year in commercial real estate. Palta specializes in client acquisition & disposition of land, implementation of retail expansion strategies & tenant representation, as well as project sales & leasing.

Palta's current Listings with availabilities include the Colonial Town Center on West Colonial Drive in Orlando, the Village Marketplace at Maguire Road and West Colonial Drive in Ocoee, the Legacy Place development at Lake Underhill Road & Rouse Road in East Orlando, (photo at left) the Panda Express Plaza on US 441 & Rolling Acres Road in Lady Lake, the Panda Express Plaza along US 441 & Eudora Road in Mount Dora, and the University Plaza at University Blvd & Technological Ave in East Orlando.

Some of Palta's active Tenant clients include Washington Mutual, Pei Wei, Massage Envy, CitiFinancial, Monkey Joe's, Marble Slab Creamery and The Athlete's Foot. Since being with CB Richard Ellis, Palta has completed over 59 lease and sale transactions totaling over $47.4M in value.

"Although 2008 will present challenges to owners and users alike, those who are well-positioned to take advantage of the many opportunistic deals out there will be glad they did," says Palta.

"Orlando has outperformed most of the country during the boom period. The resilient segments of our local economy such as software, simulation, defense, tourism, medical and emerging bio-tech should keep job growth strong. That combined with a limited amount of new supply should help Central Florida retail to remain solid through the year with a steady upturn heading into 2009."

Contacts:

Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Bobby Palta
407.839.3124
bobby.palta@cbre.com

Survey Names CB Richard Ellis No. 1 Brand in Commercial Real Estate

CBRE Tops Lipsey Brand Survey for Seventh Consecutive Year

TAMPA, FL, March 7, 2008 - For the seventh year in a row, CB Richard Ellis has been named the leading global brand in commercial real estate, according to a survey of real estate professionals from around the world. CB Richard Ellis has been named the top brand every year since the survey's inception in 2002.

"Recognition from our respected clients and peers always carries a special significance. We are very appreciative of this acknowledgement for the seventh straight year. The top commercial real estate services brand in the world-that's an honor and responsibility we take very seriously every day," said Ray Sandelli, Senior Managing Director. (photo top left)

Conducted by The Lipsey Company, the survey measures how industry participants perceive commercial real estate brands. More than 20,000 professionals from REITs, institutions, lenders, commercial brokerages, and asset and property management firms participated in the survey. Responses came from U.S. and international real estate professionals.

"Being recognized once again as commercial real estate's top brand attests to the confidence that our clients place in us and the success of our people in delivering exceptional service on a daily basis," said Brett White, (photo top right) CB Richard Ellis' President and Chief Executive Officer. "Our 29,000 professionals are the CBRE brand. Their talent, combined with our unsurpassed global platform, has solidified our position as the industry leader, and built our reputation as the premier commercial real estate services company in the world."

The Lipsey Company provides training and professional development services to the commercial real estate industry.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2007 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. In 2007, CB Richard Ellis was named one of the 50 "best in class" companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune.

Please visit our Web site at http://cbremarketing.com/ve/ZZu80qDp61808781q59/stype=click/OID=6083711224954/VT=0.
Contacts:
Lauren Crawford
813.273.8482
lauren.crawford@cbre.com

Ray Sandelli
813.273.8450

ray.sandelli@cbre.com