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Giuliani Partners and CB Richard Ellis Form Strategic Partnership

March 5, 2003 - New York, NY. Giuliani Partners LLC and CB Richard Ellis announced today the formation of a strategic alliance unique to the real estate industry, enabling them to serve their clients according to the emerging needs and demands in today's global environment.

Giuliani Partners will use its proven crisis management expertise to advise current and future CB Richard Ellis clients on complex business issues related to emergency preparedness, business continuity, security, fire safety, transportation, location and site assessment, and other vital business interests. In turn, CB Richard Ellis will offer Giuliani Partners clients an array of capabilities, including global real estate market knowledge; property, facilities and project management; appraisal services; and financing abilities.

Giuliani Partners is a management consulting firm founded by Rudolph W. Giuliani and staffed by his team of senior staff, many of whom served with him during his eight-year tenure as Mayor of New York City. CB Richard Ellis is the largest commercial real estate services company in the world.

Businesses have looked at these issues before, but over the past 18 months there is much more concern over safety and security, said Giuliani, the chairman and CEO of Giuliani Partners. As a result, they are looking to address these issues in a more systematic way and anticipate problems before they occur. Businesses now want to do a comprehensive assessment of their needs, ranging from economic viability, to quality-of-life and to safety and security, before they move to a different location.

“"Not only will our customers have the benefit of Giuliani Partners' diverse collection of talents and experience, but Giuliani Partners' recommendations will carry the imprimatur of people who have run the most complex city in the world at its most challenging time,” said Mary Ann Tighe, President and CEO of CB Richard Ellis New York Tri-State Region. The business world has evolved in recent years. It is no longer simply about going to the office each morning and leaving work behind at the end of the day. Today, the workplace interconnects with the larger social and economic environments. CB Richard Ellis and Giuliani Partners will work together to address many new and complex issues. Such issues include: ensuring the safety and enhancing the perception of safety of employees and understanding the financial implications, risks and rewards of a real estate plan.

About CB Richard Ellis
Headquartered in Los Angeles, CB Richard Ellis is the largest commercial real estate services company in the world. With nearly 10,000 employees, the company serves real estate owners, investors and occupiers throughout more than 250 offices in 47 countries. The company's core services portfolio includes property sales, leasing and management, corporate services, facilities and project management, mortgage banking, investment management, capital markets, appraisal and valuation, research, and consulting. The Company reported net revenues of $1.17 billion in 2001. For more information about CB Richard Ellis, visit the company's web site at www.cbre.com.

About Giuliani Partners LLC
Giuliani Partners LLC, is a consulting firm operated by former New York City Mayor Rudolph W. Giuliani and a number of his senior executives from his eight-year tenure. Giuliani Partners assists chief executive officers in securing the future of their firms by protecting their knowledge, financial and physical assets, their people and their brand.

With Mr. Giuliani as chairman and CEO, the firm draws upon its experiences and expertise in innovative financial management, public safety, security, emergency preparedness, business continuity and leadership during crises. This team includes New York City's former Police Commissioner Bernard Kerik, former Fire Commissioner Thomas Von Essen, former Office of Emergency Management Commissioner Richard Sheirer, former Corporation Counsel Michael Hess, as well as other former city officials. Giuliani Partners provides clients with a comprehensive set of solutions addressing critical concerns of major corporations today.

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