SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

WHITE W BRETT

(Last)

(First)

(Middle)

23140 MARIPOSA DE ORO

(Street)

MALIBU

90265

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/09/2004

3. Issuer Name and Ticker or Trading Symbol
CB RICHARD ELLIS GROUP INC [ CBG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	273,730⁽¹⁾	I	The White Family Trust⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Deferred Compensation Plan Stock Units	⁽³⁾	⁽⁴⁾	Class A Common Stock	69,284	0.00⁽⁵⁾	D
Stock Option (Right to Buy)	⁽⁶⁾	07/21/2011	Class A Common Stock	282,883	5.77	D
Stock Option (Right to Buy)	⁽⁷⁾	09/16/2013	Class A Common Stock	232,794	5.77	D

Explanation of Responses:

1. As a result of the voting provisions set forth in a securityholder's agreement, dated as of July 20, 2001 and as amended as of April 14, 2004, among the issuer, the reporting person and the other parties thereto, the reporting person, together with the other parties thereto, that held shares of the issuer's Class B common stock may be deemed to constitute a group, within the meaning of Section 13(d) (3) of the Securities Exchange Act of 1934, as amended. The reporting person disclaims beneficial ownership of the sharess of Class A Common Stock held by such group, except to the extent of any pecuniary interest therin.

2. Such shares are held directly by The White Family trust, the co-trustees of which are the reporting person and his spouse

3. In connection with any voluntary or involuntary termination of the reporting person's employment with the issuer, the reporting person may be entitled to receive an issuance of some or all of the shares underlying such stock units within 60 days of such termination, depending upon the date of such termination and the current terms of the election the reporting person has made under the deferred compensation plan.

4. None

5. Converts on a 1 to 1 ratio

6. Options with respect to 47,125 of the underlying shares are exercisable as of the date hereof and options with respect to an additional one third of the other underlying shares will become exercisable on each of 7/21/2004, 7/21/2005 and 7/21/2006 (subject to earlier exercisability under limited circumstances)

7. The options will be exercisable as to 20% of the shares on each of 9/16/2004, 9/16/2005, 9/16/2006, 9/16/2007and 9/16/2008 and (subject to early exercisability under limited circumstances).

Remarks:

	By: Dean Miller, Attorney in Fact	06/09/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.