United States Postal Service Awards CB Richard Ellis Group, Inc. Contract to Serve as Exclusive National Real Estate Services Provider

Los Angeles, CA – July 20, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc (NYSE:CBG) today announced that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally. CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.