Chris Riley, Frank Fallon, and Brad Rodgers Join CB Richard Ellis in A

Chris Riley, Frank Fallon, and Brad Rodgers Join CB Richard Ellis in Atlanta

    Business Editors

    ATLANTA--(BUSINESS WIRE)--Jan. 7, 2005--

Addition of Leading Industrial Investment Sales Team Cements Firm's Market Position in the Southeast
    CB Richard Ellis (NYSE:CBG) announced today that Chris Riley, Frank Fallon, and Brad Rodgers are joining the firm's Investment Properties group, concentrating on the industrial property sector. The three were formerly with the Atlanta office of Trammell Crow Company, where they built a strong track record marketing and selling single assets and entire portfolios on behalf of their owners.
    "This is truly a strategic win for us," said Brett Hunsaker, CBRE's Senior Managing Director for the firm in Atlanta. "With Chris, Frank, and Brad on board, we now are the market leader in Atlanta in terms of real estate investment sales, no matter the property type."
    "CBRE is an operation that is greater than the sum of its parts, with the benefits of having the largest platform in the industry along with a very entrepreneurial approach to sharing information and supporting the sales force," said Riley. "We look forward to being able to better serve our owner clients, which is what it's all about."
    Riley, Fallon, and Rodgers have more than 46 years of combined real estate experience and have sold 50 million square feet of properties with an aggregate value in excess of $2.5 billion. Focusing on the sale of industrial, office/flex, and suburban office properties, they have completed assignments in 29 different markets across the country and plan to increase their geographic coverage as members of the CBRE team.
    Riley and Fallon have both been named Executive Vice Presidents, and Rodgers has been named First Vice President with CBRE.
    Headquartered in Los Angeles, CB Richard Ellis (NYSE:CBG) is the world's leading commercial real estate services firm (in terms of 2003 revenue). The company serves real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. Including partners and affiliates, CB Richard Ellis has more than 300 offices across 50 countries around the world. Please visit our Web site at www.cbre.com.

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CONTACT: CB Richard Ellis David Heaton, 404 504-7928 or Melanie Keenan, 212-984-8073

KEYWORD: GEORGIA INDUSTRY KEYWORD: BANKING REAL ESTATE BUILDING/CONSTRUCTION PRODUCT SOURCE: CB Richard Ellis

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