CB Richard Ellis Establishes CBRE Cares Philanthropy Program

New York, NY (October 16, 2006) - CB Richard Ellis, the established leader in the commercial real estate industry launched CBRE Cares, the firm’s corporate philanthropy program in the United States, with NKF as a charity partner. CBRE Cares encompasses the company’s philanthropic activities at the local, regional and national levels and is governed by the CB Richard Ellis Foundation, a nonprofit, public benefit corporation that funds CB Richard Ellis’ philanthropic and community initiatives. CBRE Cares encompasses two newly established charitable partnerships with the National Kidney Foundation (NKF) and Starlight Starbright Children’s Foundation.

The charitable partnership organizations were chosen through the CB Richard Ellis Foundation according to several criteria, including opportunity for various forms of volunteerism and donation, and alignment with CB Richard Ellis goals and objectives. The key consideration was each organization’s ability to mobilize on a national scale with a physical and operational footprint similar to that of CB Richard Ellis. As a result, the company is confident that the partnership with the NKF and Starlight Starbright will yield positive and recognizable gains for these charities, and continue its existing tradition of generosity.

“The National Kidney Foundation is pleased to have CB Richard Ellis as a charitable partner.  With the complementary national capacity of our combined organizations, we will be able to move forward with our life-saving work in prevention of kidney failure, education and support for the 1 in 9 American adults with chronic kidney disease and the additional 20 million Americans at risk,” said John Davis, NKF CEO.

According to Jana Turner, President of CBRE Asset Services and a CBRE Cares Board member, the program motto, “Leading with Heart,” is an expression of the firm’s commitment to the responsibility of that leadership.

For more information about CBRE Cares, please visit www.cbre.com/cbrecares.