Exhibit 25

 


 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM T-1

 

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)

 


 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

  55402
(Address of principal executive offices)   (Zip Code)

 

Paula Oswald

U.S. Bank National Association

633 W. 5th Street, 24th Floor

Los Angeles, CA 90071

(213) 615-6043

(Name, address and telephone number of agent for service)

 

CB Richard Ellis Services, Inc.

(Issuer with respect to the Securities)

 

Delaware   52-1616016
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

865 South Figueroa Street, Suite 3400

Los Angeles, CA

  90017
(Address of Principal Executive Offices)   (Zip Code)

 

9¾% Senior Notes due May 15, 2010

(Title of the Indenture Securities)

 



 

FORM T-1

 

Item 1.   GENERAL INFORMATION.    Furnish the following information as to the Trustee.

 

  a)   Name and address of each examining or supervising authority to which it is subject.

 

Comptroller of the Currency

Washington, D.C.

 

  b)   Whether it is authorized to exercise corporate trust powers.

 

Trustee is authorized to exercise corporate trust powers.

 

Item 2.   AFFILIATIONS WITH OBLIGOR.    If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

None

 

In answering this item, the trustee has relied, in part, upon information furnished by the obligor and the underwriters, and has also examined its own books and records for the purpose of answering this item.

 

Items 3-15   Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16.   LIST OF EXHIBITS:    List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1.   A copy of the Articles of Association of the Trustee.*

 

  2.   A copy of the certificate of authority of the Trustee to commence business.*

 

  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

  4.   A copy of the existing bylaws of the Trustee.*

 

  5.   A copy of each Indenture referred to in Item 4. Not applicable.

 

  6.   The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7.   A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 

  *   Incorporated by reference to Registration Number 333-67188.

 

A copy of the Articles of Association of the trustee, as now in effect, is on file with the Securities and Exchange Commission as an Exhibit with corresponding exhibit number to the Form T-1 of Structured Obligations Corporation, filed pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended (the “Act”), on November 16, 2001 (Registration No. 333-67188), and is incorporated herein by reference.


NOTE

 

The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, State of California on the 20th day of November, 2003.

 

U.S. BANK NATIONAL ASSOCIATION
By:  

/s/ Paula Oswald


   

Paula Oswald

   

Vice President

 

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Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Dated: November 20, 2003

 

U.S. BANK NATIONAL ASSOCIATION
By:  

/s/    Paula Oswald


   

Paula Oswald

   

Vice President

 

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Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2003

 

($000’s)

 

     9/30/2003

Assets       

Cash and Due From Depository Institutions

   $ 9,363,408

Federal Reserve Stock

     0

Securities

     34,719,100

Federal Funds

     2,322,794

Loans & Lease Financing Receivables

     118,943,010

Fixed Assets

     1,915,381

Intangible Assets

     9,648,952

Other Assets

     9,551,844
    

Total Assets

   $ 186,464,489

Liabilities

      

Deposits

   $ 122,910,311

Fed Funds

     6,285,092

Treasury Demand Notes

     3,226,368

Trading Liabilities

     246,528

Other Borrowed Money

     21,879,472

Acceptances

     145,666

Subordinated Notes and Debentures

     6,148,678

Other Liabilities

     5,383,119
    

Total Liabilities

   $ 166,225,234

Equity

      

Minority Interest in Subsidiaries

   $ 1,003,166

Common and Preferred Stock

     18,200

Surplus

     11,676,398

Undivided Profits

     7,541,491
    

Total Equity Capital

   $ 20,239,255

Total Liabilities and Equity Capital

   $ 186,464,489

 

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