Brian Stoffers
President, Capital Markets
May 18, 2007
Business Review Day
Capital Markets
Exhibit 99.8


CB Richard Ellis | Page 2
Capital Markets Progress
Continued integration between Sales and Mortgage Brokerage
Business
Global connectivity/cross border business
Buyer Representation Business
Broker/Dealer
TCC connectivity
Perfecting/relying on the Matrix/Creating efficiencies


CB Richard Ellis | Page 3
Understanding the Capital
Huge flows of debt and equity capital still in market
Global capital flows moving rapidly in new markets
Activity levels up across all product lines
More capital than deals, new capital still entering
“Priced to Perfection”
environment
Premium placed on creativity
Very aggressive debt underwriting and incredibly thin debt
spreads moderating


CB Richard Ellis | Page 4
2006 Loan Originations by Deal Size
<$5M
$5–$10M
$10–$25M
$25–$50M
$50–$75M
$75–$100M
>$100M
37%
23%
25%
10%
3%
1%
1%
$20.7 Billion
1,332 Loans
6%
11%
26
23%
11%
7%
16%


CB Richard Ellis | Page 5
2006 U.S. Property Sales by Deal Size
<$5M
$5–$10M
$10–$25M
$25–$50M
$50–$100M
>$100M
36%
16%
23%
15%
7%
3%
$52.5 Billion
2,143 Transactions
3%
5%
16%
22%
21%
33%


CB Richard Ellis | Page 6
Interest Rate Environment
Source: Wall Street


CB Richard Ellis | Page 7
CBRE’s Global Capital Markets Activity Levels
16.3%
$17.8B
$20.7B
U.S. Loan Origination Volume
53.4%
$43.5B
$66.9B
International Investment Sales
Volume
27.1%
$110.2B
$140.1B
Total Global Capital Activity
7.4%
$48.9B
$52.5B
U.S. Investment Sales Volume
% Change
2005
2006
Capital Markets Activity


CB Richard Ellis | Page 8
1st Quarter 2007 Capital Markets Activity
73.2%
$12.7B
$22.0B
Total U.S. Capital Activity
87.9%
$3.3B
$6.2B
U.S. Loan Origination Volume
68.1%
$9.4B
$15.8B
U.S. Investment Sales Volume
% Change
Q1 2006
Q1 2007
U.S. Capital Markets Activity
*reflects loans
serviced
by
GEMSA,
a
joint
venture
between
CBRE
Capital
Markets
and
GE
Capital
Real
Estate
Loan Servicing
50.9%
$69.4B*
$104.5B*
Total Loan Servicing


CB Richard Ellis | Page 9
CBRE Referral Value
37%
$3.1B
$5.2B
Referral Volume
% Change
2005
2006
2006 vs. 2005
61%
$501M
$805M
Referral Volume
% Change
1Q06
1Q07
1Q 2007 vs. 1Q 2006


CB Richard Ellis | Page 10
Case Study: The Magazine Portfolio
Sawyer Realty Holdings, Onex Real Estate Partners and
Morgan Stanley Maryland
CBRE Capital Markets arranges
$749 million disposition and
$393 million acquisition financing
CBRE’s
Institutional Group (IG)
had existing relationship with owner
CBRE | Melody secured the
high-leverage loan for the buyer
and enabled the sale to close


CB Richard Ellis | Page 11
Case Study: Franklin Avenue Plaza
Over 500,000 SF of Class A Office Space
CBRE Brokerage & CBRE | Melody
teamed  together to arrange $97.0
million acquisition financing
CBRE’s
Tri-State Institutional Group
arranged the sale of Franklin Avenue
Plaza and referred them to
CBRE | Melody for the acquisition financing opportunity
The properties’
extraordinary central location within Nassau
County and the Village of Garden City, viewed as being among
the premier suburban office markets in the country


CB Richard Ellis | Page 12
Opportunities for Growth
Continued Capital Markets integration
U.S. Buy Side initiative
EMEA Debt and Equity Finance
Broker/Dealer business
Global connectivity