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Chris Ludeman Joins Brian Stoffers as co-president of CBRE’s Capital Markets businesses; Spencer Levy promoted to Executive Managing Director

Los Angeles, CA – January 26, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) has announced that Chris Ludeman will join Brian Stoffers as co-president of the firm’s Capital Markets businesses. In his expanded role, Mr. Ludeman will provide client-facing leadership for the company’s office, industrial and retail Investment Properties efforts along with its Institutional Group, Global Property Advisors and Private Client Group activities. Mr. Stoffers will continue to lead CBRE’s Debt and Equity Finance, agency and loan servicing businesses, as well as oversee the multi-housing, hotel/lodging and investment banking practices. Mr. Ludeman will continue as President, Americas Brokerage, overseeing CBRE’s tenant rep and agency leasing business lines.

CBRE has also promoted Spencer Levy to Executive Managing Director, expanding his responsibilities within Capital Markets as a key client service and business development leader. Mr. Levy will continue to co-manage CBRE’s Restructuring and Recovery Services activities, oversee its auction practice and direct Capital Markets Strategic Accounts in coordination with Asset Services and Brokerage. In addition, within the next few months CB Richard Ellis will appoint Capital Markets practice leaders in the office, industrial and retail property sectors as well supplement the Company’s strong multi-housing practice with the addition of an investment sales practice leader. Additionally, a production leader for the Debt and Equity Finance practice will be announced shortly.

“Great organizations are committed to continuous improvement and these appointments further strengthen our Capital Markets platform and client service capabilities, ?said Mike Lafitte, President of CB Richard Ellis. ?CBRE is intensely focused on delivering the highest quality service for our clients, and that commitment starts with having the best leaders. Brian, Chris and Spencer bring tremendous leadership and experience to our Capital Markets Group.?

The strengthening of the leadership for key Brokerage verticals during the past few years—exemplified by last year’s addition of John Frager (office) to the brokerage leadership team of Anthony Buono (retail) and Ed Schreyer (industrial)— enables Mr. Ludeman to devote a significant portion of his time to expanding the depth and breadth of CBRE’s Capital Markets business.

During his nearly 30 years with CBRE, Mr. Ludeman has served in several key management roles, including President, Transaction Management and Global Corporate Services. Prior to his national and international roles, Mr. Ludeman served in several regional and local market leadership positions across the United States.

As Senior Managing Director in Capital Markets, Mr. Levy has been responsible for overseeing and coordinating the activities of more than 300 investment sales and debt/equity finance professionals in the Eastern Region of the United States. He also co-leads with Ken Pearson CBRE’s Recovery and Restructuring Services, which services financial institutions and government entities with real estate services required for both REO and whole loan assets.

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2009 revenue). The Company has approximately 29,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at

Robert McGrath