CB Richard Ellis Group, Inc. Announces $100 Million Common Stock Sale to Paulson & Co. Inc. and Launches At-The-Market Public Stock Offering of up to $50 Million

LOS ANGELES--(Business Wire)--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced it has reached an
agreement to sell in a direct placement 13,440,860 shares of its Class A common
stock for gross proceeds of approximately $100.0 million, to Paulson & Co. Inc.
on behalf of several of its investment funds and accounts it manages. In
addition, the Company intends to sell shares of its Class A common stock, having
an aggregate offering price of up to $50.0 million, from time to time, pursuant
to an at-the-market offering program through J.P. Morgan Securities Inc. as
sales agent and/or principal.

The Company intends to use the net proceeds from the direct placement and the
public offering for general corporate purposes, which may include the repayment
or repurchase of some of its outstanding indebtedness.

The Company has filed a registration statement (including a prospectus) and
prospectus supplements with the Securities and Exchange Commission ("SEC") for
the offerings of Class A common stock described in this communication. Before
you invest, you should read the prospectus in that registration statement, the
prospectus supplement relating to the at-the-market offering and other documents
the Company has filed with the SEC for more complete information about us and
the at-the-market offering program. You may obtain these documents for free by
visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Company or
the sales agent will arrange to send you the prospectus supplement (including
the prospectus) if you request it by contacting J.P. Morgan Securities Inc. at
(212) 622-4401, or by mail at J.P. Morgan Securities Inc., Special Equities
Group, 383 Madison Avenue, 5th floor, New York, N.Y. 10017.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the Class A common stock, which may be made only pursuant to the
terms of the relevant prospectus supplement (including the prospectus).

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of
1995: This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements include, but are not
limited to, statements related to the proposed sale of Common Stock and the
anticipated use of proceeds therefrom. These forward-looking statements involve
known and unknown risks, uncertainties and other factors discussed in the
Company`s filings with the SEC. Any forward-looking statements speak only as of
the date of this press release and, except to the extent required by applicable
securities laws, the Company expressly disclaims any obligation to update or
revise any of them to reflect actual results, any changes in expectations or any
change in events. If the Company does update one or more forward-looking
statements, no inference should be drawn that it will make additional updates
with respect to those or other forward-looking statements. For additional
information concerning risks, uncertainties and other factors that may cause
actual results to differ from those anticipated in the forward-looking
statements, and risks to the Company`s business in general, please refer to its
SEC filings, including its Annual Report on Form 10-K for the fiscal year ended
December 31, 2008 and its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2009.

For further information:
CB Richard Ellis Group, Inc
Robert Sulentic
Chief Financial Officer
310-405-8905
or
Nick Kormeluk
Investor Relations
949-809-4308
or
Steve Iaco
Corporate Communications
212-984-6535

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