CB Richard Ellis Group Ranked Tops in Investment Sales

TAMPA, FL– CB Richard Ellis Group, Inc (CBRE) was the No. 1 firm in U.S. investment sales activity on a national basis in 2008, with a 17.9% market share—according to Real Capital Analytics' 2008 data.

RCA, which tracks national commercial real estate sales of $5 million and greater, found that CBRE, with $25.3* billion in transaction values, had a commanding 10.3 percentage point advantage over the second place firm and sold more property than the number two and three firms combined.

CB Richard Ellis was the leader in office, retail, industrial and multi-family properties. RCA estimates that over $141 billion** of office, industrial, retail, multi-family and hotel properties were sold in the U.S. in 2008.

"During challenging times clients seek out the platform and the professionals that delivers superior market insight and unrivaled transaction execution," said Gregory S. Vorwaller, (top right photo) CBRE Investment Properties President. "2008's results underscore that CBRE is the trusted advisor of choice across all categories of commercial real estate investing."

Other significant findings include:

• CBRE was the nation's top firm in office sales in 2008 with a market share of 21.9% representing $11.5 billion of transactions.
• CB Richard Ellis' market share in multi-housing sales was an industry leading 18.3% in 2008. The firm's $6.8 billion in sales was double that of it nearest competitor.
• In industrial sales, CBRE dominated with $ 4.5 billion in sales, for a market share of 21.4%/--three times the nearest competitor.
• CB Richard Ellis recorded the highest market share—9.7%—in the retail sector, totaling $1.9 billion in transactions in 2008.

* Does not include CBRE's individual property sales valued at less than $5 million.** Excludes privatization activity.

CONTACTS:

Robert McGrath, 212.984.8267, robert.mcgrath@cbre.com

Ray Sandelli, 813.273.8450, ray.sandelli@cbre.com

CB Richard Ellis Represents The Sembler Company in Sale of $1.14M-SF Open-Air Shopping Center in Orlando

CBRE CAPITAL MARKETS ARRANGES FINANCING FOR TRANSACTION

MIAMI, FL– Oct. 2, 2008 – CB Richard Ellis, the world's leading commercial real estate services provider, arranged the sale of Winter Garden Village, (top right photo) a 1.14 million-sq.-ft. regional shopping center located at the interchange of Orlando's Western Beltway (State Road 429) and Winter Garden Vineland Road (State Road 535) in Winter Garden, Fla.

The area included in the sale totaled 759,459 sq. ft. of leasable area.

Dennis Carson, (top left photo) senior vice president with CB Richard Ellis' Miami-Downtown office, and George Good, (middle right photo) executive vice president with the Oakbrook, Ill., office of CB Richard Ellis, exclusively represented the seller, an affiliate of The Sembler Company, headquartered in St. Petersburg, Fla.

An affiliate of Cole Real Estate Investments, based in Phoenix, Ariz., was the buyer. Michael Strober, (bottom left photo) senior vice president, with the Tampa office of CBRE Capital Markets, arranged acquisition financing for this transaction from Northwestern Mutual.

"Winter Garden Village is among the highest quality, and best-located mixed-use regional power and lifestyle retail centers developed in the nation," Mr. Carson said.

"And the role of CBREMelody in arranging financing for this deal was absolutely critical to the success of the transaction - especially in light of the nation's ongoing credit crunch, and its disproportionate impact on all sectors of the real estate business."

Completed in phases between 2007 and 2008, the project encompasses more than 161 acres and is home to 16 anchor tenants, including SuperTarget, Lowes Home Improvement, Best Buy, Barnes & Noble, Marshalls and Staples.

The property also includes a 180,000-sq.-ft. lifestyle center that is home to tenants such as Victoria's Secret, Cacique, Lane Bryant, Chico's, Bonefish Grill and Jos A. Banks.

Areas not included as part of the sale were the SuperTarget and Lowe's Home Improvement stores, each of which are tenant owned, and a 25-acre tract reserved for future residential development.

Contact: Rebecca Thomas, 305.381.6485, rebecca.thomas@cbre.com

Osceola County Development Site Becomes First Industrial Park in State to Register with U.S. Green Building Council

KISSIMMEE, FL - CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to announce that Yeehaw Transportation & Distribution Center in Osceola County, Fla., has become the first industrial park in the state to register with the U.S. Green Building Council.

The 430-acre site is located at the crossroads of State Road 60 and Florida's Turnpike (Yeehaw Junction) in Central Florida.

Kevin Hoover,(top right photo) vice president, and Kerry Jackson, (top left photo) vice president, SIOR, have been retained to exclusively represent the owner, Yeehaw Ranch LLC, in the sale of the property.

"Yeehaw Junction is strategically positioned for statewide distribution," Mr. Hoover said of the development opportunity.

"It is accessible to a market of 7 million people within 100 miles and recently received land use approval from Osceola County and the State Department of Community Affairs and is now in the design process."

According to developer Dan Shalloway, the decision to go green with the project's design was a logical one.

"While I am a true believer that green building is needed to sustain our country, it also makes economic sense," Mr. Shalloway said. "Sophisticated companies understand that the energy savings and safe environment offered by a green building provide a competitive advantage."

Part of this economic advantage, added Brian Dugas, director for the Renewable Energy Institute of Florida, is the savings involved in providing a healthy work environment for employees. He said the certification process looks at ventilation, volatile organic compounds in paint and carpets, lighting and thermal comfort.

"A well designed green building contributes to employee health and productivity which just happens to be good for the bottom line," Mr. Dugas said.

London Remains World's Most Expensive Office Market

Rapidly-Rising Moscow Jumps to Second Place.
Ho Chi Minh City Sets Pace For Fastest Occupancy Cost Growth

LOS ANGELES, CA- London's West End (photo at middle left) is once again the world's most expensive office market, while rapidly-rising Moscow climbed to second place, according to CB Richard Ellis Group, Inc. (CBRE) Research's semi-annual Global Market Rents survey.

The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended March 31, 2008. Tokyo's Inner Central Five Wards, Mumbai's Nariman Point and Tokyo's Outer Central Five Wards rounded out the top five most expensive markets.

"Office occupancy costs are continuing to defy sluggish economic conditions and the credit crunch, as they rise faster than global inflation," said Dr. Raymond Torto, (top right photo) CBRE's Global Chief Economist. "These cost increases are dominated by emerging markets, caused by both supply and demand imbalance and the depreciation of the dollar relative to local currencies. In some of these emerging markets, Class A office space is seriously lacking."

Ho Chi Minh City (photo at right, showing Downtown and Saigon River) had the fastest-growing occupancy costs during this period, up 94%. Moscow was not far behind at 93%, followed by Singapore at 86%.

Overall, EMEA (Europe, Middle East and Africa) dominated the list of markets with the fastest growing occupancy costs, accounting for five of the top 10 and 19 of the top 50 markets. Worldwide, 88% of the 173 office markets monitored posted higher occupancy costs.

Among the most expensive markets, Singapore and Dubai were newcomers to the top 10.

Singapore ranked ninth with an occupancy cost of $139.31 (occupancy cost in US$/sq. ft./annum used throughout this release), while Dubai debuted at number 10 with an occupancy cost of $128.49. With a near-doubling of occupancy costs, Moscow rose four places to second at $232.37.

(Moscow Kremlin and Moskva River photo at left, below London skyline)

Midtown Manhattan was still the priciest market in North America, at $103.43, and ranked number 13 worldwide.

(For a complete copy of CBRE's news release, showing other top office markets, please contact

Robert McGrath, CBRE, 212 984 8267, robert.mcgrath@cbre.com, or Jessica Wilhoite, jessica.wilhoite@cbremarketing.com

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

bill.moss@cbre.com

Grand Opening Date Set for Monkey Joe's Parties & Play Winter Park, FL Location

(Photo by Maricruz Ortiz, taken at Festival Bay Mall on International Drive)

ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, is pleased to congratulate Bobby Palta, (top right photo) Senior Associate, on the completion of a 12,366 square foot, 10-year lease with Monkey Joe's Parties & Play in Winter Park.

The Grand Opening for this latest Orlando area location is slated for April 26, 2008. With more than 40 locations nationwide, Monkey Joe's is an indoor play center with inflatable jumps and slides, arcades, games and party rooms for kids. For parents, they also offer flat screen televisions, computer stations, massage chairs and wireless internet access.

The new location is within the Lake Howell Plaza (photo at left) located at the 5471 Lake Howell Road @ Howell Branch Road in Winter Park, FL and will be their third location within Central Florida. Other locations are currently at Festival Bay Mall on International Drive and in at Apopka Square at Semoran Blvd & US 441 in Apopka.

Palta is pleased to represent Monkey Joe's throughout Central Florida, a subsidiary of parent company Raving Brands. "This Winter Park location will provide a convenient, safe, healthy activity for families - enjoyable for kids and parents alike. The Monkey Joe's concept is filling a void in the marketplace for this kind of family entertainment and CBRE looks forward to helping them expand to other markets within the region."

Per area franchisee Michael Carter, "We are very excited about the opening of our third central Florida location. The response has been tremendous regarding our new store and we are looking forward to serving the Winter Park, Casselberry and Maitland communities."

CONTACTS:

Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Bobby Palta
407.839.3124
bobby.palta@cbre.com

CB Richard Ellis Group Inc. Ranked No. 1 by National Real Estate Investor for Fifth Year in a Row

ORLANDO, FL - For the fifth year in a row National Real Estate Investor, the leading magazine for professional real estate investors, has ranked CB Richard Ellis No. 1 out of the 25 largest U.S.-based commercial real estate brokerage firms.

The ranking, featured in the publication's April 2008 issue, is based on the aggregate value of sales and leasing transactions completed globally during 2007.

CB Richard Ellis was responsible for more than $264.2 billion of global sales and leasing transactions in 2007. This total was 55% more than the nearest competitor.

"We have consistently attained the top market position globally by delivering best-in-class solutions to meet any client need," said CB Richard Ellis' Bill Moss, (top right photo) Senior Managing Director for Florida. "In Central Florida and around the world, our professionals can tap the industry's most comprehensive platform to tailor value-added solutions for owners, investors and occupiers of commercial real estate."

Contact:

Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Bill Moss
407.839.3140

bill.moss@cbre.com