CBRE GROUP, INC. — Director's Dealing 2011

Sep 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CB RICHARD ELLIS GROUP INC (CBG)
CIK: 0001138118
Period of Report: 2011-09-08

Reporting Person: LAFITTE MICHAEL J (President, Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-08	Class A Common Stock	A	76634.0000	$0.0000	Acquired	322237.0000	Direct
2011-09-08	Class A Common Stock	S	18830.0000	$14.7308	Disposed	303407.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	500.0000	Indirect
Class A Common Stock	500.0000	Indirect

Footnotes

F1: The September 8, 2011 restricted stock award reported hereunder was made pursuant to the Issuer's Equity Award Policy, which provides for annual management equity awards to be made at a previously scheduled Compensation Committee meeting that falls closest to the month of September. These restricted shares vest at a rate of 25% per year over four (4) years commencing on September 5, 2011.

F2: These shares were sold to satisfy the reporting person's obligation upon vesting of restricted stock previously granted.

F3: This transaction was executed in multiple trades at prices ranging from $14.58 to $14.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range.

F4: The reporting person disclaims beneficial ownership of these securities, and this report shall not been deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.