Sunday, April 27, 2008

CB Richard Ellis Group Inc. Joins the Fortune 500

ORLANDO, FL - CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest American companies, debuting at number 404 on the 2008 list.

CB Richard Ellis is the first commercial real estate services firm to be included in the FORTUNE 500.

"A FORTUNE 500 ranking is one of the most widely recognized emblems of business success," said Brett White, (top right photo) President and Chief Executive Officer of CB Richard Ellis. "It underscores the confidence that clients have in our professionals and our global platform, which has made us the leader in commercial real estate services."

"Here in Central Florida, our clients not only have access to the best local market insight and the area's top professionals, but can leverage the breadth and depth of CBRE's full-spectrum global commercial real estate services platform to fulfill any of their real estate needs," said Bill Moss, (photo at left) Senior Managing Director for Florida.

The FORTUNE 500 ranks American companies by total revenue. CB Richard Ellis rose more than 100 places from No. 520 in 2007.

In 2007, CB Richard Ellis reported revenue of $6.0 billion, arranged sales and leasing transactions with total value of $264.2 billion and managed commercial properties and corporate facilities totaling more than 1.9 billion sq. ft.

Earlier this year, CB Richard Ellis was ranked number 11 in BusinessWeek's list of the 50 best performers as well as led National Real Estate Investor's Top Brokerage list for the fifth straight year.
CBRE was also named a 2008 ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency for outstanding energy management and reductions in greenhouse gas emissions.

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

Bill Moss
407.839.3140

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