Presentation

Page 2

This presentation contains statements that are forward looking within the

meaning of the Private Securities Litigation Reform Act of 1995.

These

statements should be considered as estimates only and actual results may

ultimately differ from these estimates. Except to the extent required by

applicable securities laws, CB Richard Ellis Group, Inc. undertakes no

obligation to update or publicly revise any of the forward-

looking statements

that you may hear today. Please refer to our current annual report on Form 10-

K (in particular, “Item 1-A, Risk Factors”) which is filed with the SEC and

available at the SEC’s website (http://www.sec.gov

), for a full discussion of

the risks and other factors that may impact any estimates that you may hear

today. We may make certain statements during the course of this presentation

which include references to “non-

GAAP

financial measures,”

as defined by

SEC regulations. As required by these regulations, we have provided

reconciliations of these measures to what we believe are the most directly

comparable GAAP

measures.

Forward Looking Statements

Page 4

Transaction Summary

CBRE is exercising the accordion provision in its existing credit

agreement to syndicate a $300 million Term Loan

Proceeds from the new loan will be used to fund working capital

needs, pay expenses associated with the syndication and for

general corporate purposes

Both Moody’s and S&P

have reaffirmed CBRE’s

corporate and

facility ratings of Ba1/BB+

Pro forma for the transaction, TTM

12/31/07 Net Debt /

Normalized EBITDA

is 1.8x

CBRE is exercising the accordion provision in its existing credit

agreement to syndicate a $300 million Term Loan

Proceeds from the new loan will be used to fund working capital

needs, pay expenses associated with the syndication and for

general corporate purposes

Both Moody’s and S&P

have reaffirmed CBRE’s

corporate and

facility ratings of Ba1/BB+

Pro forma for the transaction, TTM

12/31/07 Net Debt /

Normalized EBITDA

is 1.8x

($ in millions)

Sources

Uses

New Term Loan A-1

$300.0

Finance Working Capital / General

$293.5

Corporate Purposes

Transaction Fees and Expenses

6.5

Total Sources

$300.0

Total Uses

$300.0

Page 5

Capitalization

Revolving credit facility of $600.0 million, funded in the amount of $227.1 million at 12/31/07.

Excludes $255.8 million of non-recourse warehouse facility, $42.6 million of non-recourse revolving credit facility in Development

Services as well as $459.4 million of non-recourse notes payable on real estate as of December 31, 2007.

Based on CBRE share price of $18.99 on 3/5/08.

Normalized EBITDA excludes merger-related costs, integration costs related to acquisitions, and loss on trading securities acquired in

the TCC acquisition.

Covenant EBITDA includes adjustments as per the credit agreement

which includes $61.6 million of development services gains that

cannot be recognized under purchase accounting rules.

Excludes $17.4 million of interest expense related to non-recourse notes payable on real estate for FY 2007.

Revolving credit facility of $600.0 million, funded in the amount of $227.1 million at 12/31/07.

Excludes $255.8 million of non-recourse warehouse facility, $42.6 million of non-recourse revolving credit facility in Development

Services as well as $459.4 million of non-recourse notes payable on real estate as of December 31, 2007.

Based on CBRE share price of $18.99 on 3/5/08.

Normalized EBITDA excludes merger-related costs, integration costs related to acquisitions, and loss on trading securities acquired in

the TCC acquisition.

Covenant EBITDA includes adjustments as per the credit agreement

which includes $61.6 million of development services gains that

cannot be recognized under purchase accounting rules.

Excludes $17.4 million of interest expense related to non-recourse notes payable on real estate for FY 2007.

Actual

Pro Forma

Cum. Mult.

Cum. Net Multi.

% of

Ratio

($ in millions)

12/31/2007

EBITDA

Cap.

Requirement

Cash

$342.9

$409.3

Revolving Credit Facility

$227.1

$0.0

0.0x

–

Existing Term Loan A

827.0

0.9x

0.4x

13.7%

New Term Loan A-1

300.0

2.2x

1.7x

18.6%

Existing Term Loan B

960.0

2.2x

1.7x

34.5%

Other Debt

21.6

2.2x

1.8x

34.9%

Total Debt

$2,035.7

$2,108.6

2.2x

1.8x

34.9%

Market Value of Equity

3,935.5

65.1%

Total Capitalization

$5,971.2

$6,044.1

100.0%

FYE 12/31/07 Normalized EBITDA

$970.1

Total Debt/Normalized EBITDA

2.1x

2.2x

Net Debt/Normalized EBITDA

1.7x

1.8x

FYE 12/31/07 Covenant EBITDA

$1,057.5

Total Debt/Covenant EBITDA

1.9x

2.0x

Net Debt/Covenant EBITDA

1.6x

3.75x

Consolidated Cash Interest Expense

$142.0

$164.1

Normalized EBITDA/Cash Interest Expense

6.8x

5.9x

Covenant EBITDA/Cash Interest Expense

7.4x

6.4x

2.25x

Page 7

The World’s Premier Commercial Real Estate Service Provider

Transactional

Business

Outsourcing

Business

Investment

Management

Business

#1 in property sales with $180.1 billion

#1 in leasing with $84.1 billion

#1 in transaction value with $264.2 billion

#1 in property sales with $180.1 billion

#1 in leasing with $84.1 billion

#1 in transaction value with $264.2 billion

Corporate services relationships with 270 clients

property

and

facilities

management

with

1.6

billion

square

feet

managed

#1 in project management with 2,500+ professionals

Corporate services relationships with 270 clients

property

and

facilities

management

with

1.6

billion

square

feet

managed

#1 in project management with 2,500+ professionals

$38 billion of investment assets under management (as of 12/31/07)

Development

Business

$9.2 billion in process and pipeline projects (as of 12/31/07)

Excludes joint ventures and affiliates.

Page 8

CBRE

12.7%

Self Providers

25.0%

JLL

2.8%

GBE

1.9%

C&W

4.4%

Other / Third Party

53.2%

#1 Position in a Fragmented Market

$27

Billion

Commercial

Real

Estate

Market

the

U.S.¹

Source:

2007 external public filings and CBRE management estimate as of December 31, 2007.

Excludes global investment management and development services.

Source:

2007 external public filings and CBRE management estimate as of December 31, 2007.

Excludes global investment management and development services.

Large

and

growing

market

–

4.2%

CAGR

from

1997

–

2007

Highly

fragmented

–

top

four

firms

have

21.8%

market

Page 10

Global Reach

FY 2007 Revenue¹

FY 2007 Normalized²

EBITDA

Americas

61%

Asia Pacific

Global

Investment

Management

EMEA

22%

Development

Services

Americas

51%

Asia Pacific

Global

Investment

Management

12%

EMEA

27%

Development

Services

Includes revenue from discontinued operations, which totaled $2.1 million for the year ended December 31, 2007.

Normalized EBITDA excludes merger-related charges, integration costs related to acquisitions and loss on trading securities acquired in the TCC acquisition.

Page 12

31%

28%

23%

37%

31%

14%

Includes revenue from discontinued operations, which totaled $2.1 million for the year ended December 31, 2007.

Includes Trammell Crow Company’s operations for the period from the 12/20/2006 acquisition through 12/31/2006.

Includes Trammell Crow Company’s operations prior to the acquisition on December 20, 2006. The

financial information including

Trammell Crow Company is presented for informational purposes and does not purport to represent what CB Richard Ellis’

results

of operations of financial position would have been had the Trammell Crow Company acquisition, in fact, occurred prior to

December 20, 2006.

Includes revenue from discontinued operations, which totaled $2.1 million for the year ended December 31, 2007.

Includes Trammell Crow Company’s operations for the period from the 12/20/2006 acquisition through 12/31/2006.

Includes Trammell Crow Company’s operations prior to the acquisition on December 20, 2006. The

financial information including

Trammell Crow Company is presented for informational purposes and does not purport to represent what CB Richard Ellis’

results

of operations of financial position would have been had the Trammell Crow Company acquisition, in fact, occurred prior to

December 20, 2006.

Revenue Breakdown

Broad Services Platform

FY 2007

FY 2006

($ in millions)

Year Ended December 31,

2006

2007

Reported

% Change

Including TCC

% Change

Leasing

$1,869.7

$1,478.9

$1,709.0

Sales

1,659.9

1,245.9

1,359.0

Property and Facilities Management

1,395.6

567.5

146

1,145.0

Appraisal and Valuation

386.3

288.2

Investment Management

352.1

232.7

Commercial Mortgage Brokerage

162.9

157.5

Development Services

125.6

7.2

N/A

40.2

212

Other

84.2

54.1

80.8

Total

$6,036.3

$4,032.0

$5,012.4

Page 13

Leasing Update

CBRE Global Leasing Revenue

Leasing as % of FY 2007 Total Revenue

Business Update

Fundamentals of leasing business remain

strong, despite slowing in US and EMEA in the

fourth quarter of 2007

In U.S. rational levels of new construction in

2008 should support continued increase in

rents, albeit at a slower pace than 2007

Signs of modestly weakening office leasing and

easing of rental growth rates in EMEA

In Asia, strong demand for office space and tight

supply continue to drive up rents in markets

such as China, Singapore, Tokyo and India

Fundamentals of leasing business remain

strong, despite slowing in US and EMEA in the

fourth quarter of 2007

In U.S. rational levels of new construction in

2008 should support continued increase in

rents, albeit at a slower pace than 2007

Signs of modestly weakening office leasing and

easing of rental growth rates in EMEA

In Asia, strong demand for office space and tight

supply continue to drive up rents in markets

such as China, Singapore, Tokyo and India

$692

$986

$1,106

$1,479

$1,870

2003

2004

2005

2006

2007

Includes Trammell Crow Company’s revenue for the period from the

12/20/2006 acquisition date through 12/31/2006.

($ in millions)

31%

Page 14

Sales Update

Institutional Investment in Real Estate

Sales as % of FY 2007 Total Revenue

Business Update

Challenging credit markets impacted investment

sales activities

Continued high level of capital allocation to real

estate

Rising rents support investment sales

underwriting

Exchange rates favor foreign investment in U.S.

Lower interest rates support cap rates

Challenging credit markets impacted investment

sales activities

Continued high level of capital allocation to real

estate

Rising rents support investment sales

underwriting

Exchange rates favor foreign investment in U.S.

Lower interest rates support cap rates

($ in billions)

Source:

IREI

$423

$479

$520

$606

$719

2003

2004

2005

2006

2007

Global Sales Revenue

($ in millions)

$513

$807

$1,078

$1,246

$1,660

2003

2004

2005

2006

2007

Includes Trammell Crow Company’s revenue for the period from the

12/20/2006 acquisition date through 12/31/2006.

28%

Page 15

23%

Outsourcing Services Update

CBRE Global Square Footage Managed¹

Outsourcing as % of FY 2007 Total Revenue²

Business Update

Continue to significantly expand our contractual work

for major corporate clients by leveraging the strength

of the legacy TCC outsourcing capabilities and cross

selling

Won or expanded eight Corporate Outsourcing

relationships during the fourth quarter

Added 26 new corporate outsourcing clients,

expanded our services for 18 existing clients, and

renewed our contracts with 17 clients in 2007

Continue to significantly expand our contractual work

for major corporate clients by leveraging the strength

of the legacy TCC outsourcing capabilities and cross

selling

Won or expanded eight Corporate Outsourcing

relationships during the fourth quarter

Added 26 new corporate outsourcing clients,

expanded our services for 18 existing clients, and

renewed our contracts with 17 clients in 2007

(SF in millions)

Represents combined data for CBRE and TCC; does not include joint

ventures and affiliates.

1,203

1,248

1,444

1,579

2004

2005

2006

2007

88 of the Fortune 100

Management fees include property management, facilities management

and project management fees. Does not include transaction revenues

associated with outsourcing services.

Page 16

Global Investment Management Update

Annual Revenue

Investment Management as % of FY 2007 Revenue

Annual EBITDA

($ in millions)

$57.1

$68.4

$94.0

$99.3

$126.3

$259.2

$28.0

$101.7

$88.7

$127.3

$228.0

$347.9

2002

2003

2004

2005

2006

2007

Carried Interest

Investment Management

Assets Under Management

($ in millions)

$13.0

$18.0

$26.8

$35.5

$52.7

$113.1

2002

2003

2004

2005

2006

2007

($ in billions)

$11

$14

$15

$17

$29

$38

2002

2003

2004

2005

2006

2007

120 institutional investor partner and clients

$9.6 billion in equity capital raised in 2007

Page 17

Development Services Update

Projects in Process / Pipeline

Development Services as % of FY 2007 Revenue

Business Update

Develops properties for user/investor clients on

a fee and/or co-investment basis

$136 million FY 2007 revenue

$134 million co-invested at YE 2007

$7 million of recourse debt to CBRE

Develops properties for user/investor clients on

a fee and/or co-investment basis

$136 million FY 2007 revenue

$134 million co-invested at YE 2007

$7 million of recourse debt to CBRE

($ in billions)

$2.2

$3.8

$5.0

$4.9

$3.6

$2.8

$2.6

$3.6

$5.4

$6.5

$2.3

$1.4

$2.0

$2.3

$1.4

$1.5

$2.5

$2.7

$3.0

$2.7

$4.5

$5.2

$7.0

$7.2

$5.0

$4.3

$5.1

$6.3

$8.4

$9.2

4Q98

4Q99

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

Annual Normalized EBITDA

($ in millions)

$15.9

$31.3

$34.8

$37.3

$73.9

2003

2004

2005

2006

2007

Includes Trammell Crow Company’s operations prior to the acquisition on

12/20/06.

2007 reflects full year pro-forma results for Development Services, including

the impact of gains ($61.6 million), which cannot

be recognized under purchase accounting rules.

97%

11%

98%

Pipeline

Projects in Process

Page 19

5.6%

6.6%

7.9%

8.9%

10.6%

11.9%

10.7%

8.4%

9.9%

8.4%

9.6%

10.1%

11.3%

14.4%

16.2%

16.1%

$360

$392

$429

$469

$583

$759

$1,187

$1,403

$1,518

$1,362

$1,810

$2,647

$3,194

$4,032

$6,036

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Organic Revenue

Revenue From Acquisitions

Normalized EBITDA Margin

Consistent Long Term Growth¹

($ in millions)

No reimbursements are included for the period 1992 through 1996,

as amounts were immaterial. Reimbursement from 1997 through

2001 have been estimated. For 2002 through 2007, reimbursements are included.

Includes TCC activity for the period December 20, 2006 through December 31, 2006.

Includes revenue from discontinued operations, which totaled $2.1 million for the year ended December 31, 2007.

Normalized EBITDA margin excludes merger-related costs, integration costs related to acquisitions, one-time IPO-related compensation

expense and gains/losses on trading securities acquired in the TCC acquisition.

Pro-forma EBITDA margin adjusted for $61.6 million of gains from Development Services, which cannot be recognized under purchase

accounting rules.

Target EBITDA Margin = 20%

2007 Pro-Forma EBITDA Margin = 17.1%

Average Annual Organic Growth : 12%

Page 21

Normalized Internal Cash Flow

Strong cash flow generator

Low capital intensity

Utilization of internal cash

flow:

•

Co-investment activities

•

Development

•

In-fill acquisitions

•

Debt reduction

•

Share repurchases

Capital expenditures of $80

million expected for 2008

Strong cash flow generator

Low capital intensity

Utilization of internal cash

flow:

•

Co-investment activities

•

Development

•

In-fill acquisitions

•

Debt reduction

•

Share repurchases

Capital expenditures of $80

million expected for 2008

Represents capital expenditures, net of concessions

$732

$497

$240

$62

$72

$(61)

$(78)

Net

income, as

adjusted

D&A

Cap Ex

Develop-

ment gains

impacted

purchase

accounting

Net

Proceeds

from Savills

disposition

Integration

& merger

costs

Internal

Cash Flow

2007 Normalized Internal Cash Flow

Page 23

Indicative Terms for New $300 million Term Loan A –

Borrower:

CB Richard Ellis Services, Inc. (the “Borrower”)

Facility Size

$300 Million Senior Secured Term Loan A-1 (per $300 million accordion from December 2006 Credit Agreement)

Maturity

December 20, 2013

Interest Rate Margin

TBD

Voluntary Amortization

Schedule²

Term Loan A-1:

Year 1: $0 (0%)

Year 2: $45 million (15%)

Year 3: $60 million (20%)

Year 4: $60 million (20%)

Year 5: $60 million (20%)

Year 6: $75 million (25%)

Guarantees³

All obligations of the Borrower under the facility will be unconditionally guaranteed by Holdings, and by each existing and

subsequently acquired domestic subsidiary of Holdings (other than certain investment, joint venture, securitization and

immaterial subsidiaries to be agreed upon)

Security³

Below Baa3 / BBB-

Stock only

Baa3 / BBB- or above and no TLB

outstanding

Unsecured

Financial Covenants³

Maximum Net Leverage Ratio:

3.75x

Minimum Interest Coverage Ratio:

2.25x

Affirmative Covenants³

Customary for facilities of this type

Negative Covenants

Restricted Payments Basket:

$300 million + 50% cumulative, Adjusted Consolidated Net Income¹

Investment Basket:

$200 million + 20% cumulative, Adjusted Consolidated Net Income¹

Acquisition Basket:

$300 million + 20% cumulative Consolidated EBITDA¹

Mandatory Prepayments³

(i) 50% of Excess Cash Flow (if leverage is greater than or equal to 2.0x)

(ii) 100% of net cash proceeds of all asset sales (subject to exceptions and reinvestment provisions)

(iii) 100% of proceeds from debt issuances

As defined in the Credit Agreement.

Existing CA allows Borrower to apply voluntary prepayments as it chooses; prepayments for Term Loan A-1 will be based upon this concept.

If the full voluntary payment is not made per the schedule above, the spread over LIBOR will be increased by 200 bps.

Same as existing facility.

Page 27

Reconciliation of Normalized EBITDA to EBITDA to Net Income (Loss)

Includes interest income related to discontinued operations of $0.01 million for the twelve months ended December 31, 2007.

Includes depreciation and amortization related to discontinued operations of $0.04 million for the twelve months ended December 31, 2007.

Includes interest expense related to discontinued operations of $1.8 million for the twelve months ended December 31, 2007.

Includes provision for income taxes related to discontinued operations of $1.6 million for the twelve months ended December 31, 2007.

($ in millions)

Year Ended December 31,

2007

2006

2005

2004

2003

2002

Normalized EBITDA

$970.1

$652.5

$461.3

$300.3

$183.2

$130.7

Less:

Merger-related and other non-recurring charges

56.9

–

25.6

36.8

–

Gain (loss) on trading securities acquired in the TCC acquisition

33.7

(8.6)

–

Integration costs related to acquisitions

45.2

7.6

7.1

14.4

13.6

–

One-time compensation expense related to the IPO

–

15.0

–

EBITDA

$834.3

$653.5

$454.2

$245.3

$132.8

$130.7

Add:

Interest income

29.0

9.8

9.3

4.3

3.8

3.2

Less:

Depreciation and amortization

113.7

67.6

45.5

54.9

92.8

24.6

Interest expense

164.8

45.0

54.3

65.4

71.3

60.5

Loss on extinguishment of debt

–

33.8

7.4

21.1

13.5

–

Provision for income taxes

194.3

198.3

138.9

43.5

(6.3)

30.1

Net Income (Loss)

$390.5

$318.6

$217.3

$64.7

($34.7)

$18.7

Revenue

6,036.3

4,032.0

3,194.0

2,647.1

1,810.1

1,361.8

Normalized EBITDA Margin

16.1%

16.2%

14.4%

11.3%

10.1%

9.6%

Page 28

Reconciliation of Normalized EBITDA to EBITDA to Net Income (Loss)

Includes activity related to discontinued operations of $0.4 million of depreciation and amortization, $1.8 million of interest expense, $1.6 million of provision for

income taxes and $0.01 million of interest income.

($ in millions)

Twelve Months Ended December 31, 2007

Global Investment Management

Development Services¹

Normalized EBITDA

$113.1

$12.3

Less:

Merger-related and other non-recurring charges

–

0.1

EBITDA

$113.1

$12.2

Add:

Interest income

1.3

5.5

Less:

Depreciation and amortization

2.8

15.0

Interest expense

3.6

20.4

Royalty and management service (income) expense

1.2

–

Provision (benefit) for income taxes

43.4

(6.2)

Net Income (Loss)

$63.4

($11.5)

Page 29

Reconciliation of Net Income to Net Income, As Adjusted

($ in millions)

Twelve Months Ended December 31, 2007

Net Income

$390.5

Add:

Amortization expense related to net revenue backlog,

24.9

incentive fees and customer relationships acquired, net of tax

Integration costs related to acquisitions, net of tax

27.1

Loss on sale of trading securities acquired in the Trammel

20.1

Crow Company acquisition, net of tax

Merger-related charges, net of tax

34.2

Net Income, as adjusted

$496.8