EXHIBIT 12

CB RICHARD ELLIS GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

(Dollars in thousands)

	Year ended December 31,
	2006		2005		2004		2003			2002
Income (loss) before provision for income taxes	$	516,897	$	356,222	$	108,254	$	(40,980	)	$	48,833
Less: Equity income from unconsolidated subsidiaries		33,300		38,425		20,977		14,930			8,968
Add: Distributed earnings of unconsolidated subsidiaries		29,384		24,997		11,502		11,140			10,417
Fixed charges		120,963		103,995		126,190		112,207			83,019
Total earnings before fixed charges	$	633,944	$	446,789	$	224,969	$	67,437		$	133,301
Fixed charges:
Portion of rent expense representative of the interest factor (1)	$	42,109	$	40,328	$	37,035	$	26,409		$	22,518
Interest expense		45,007		56,281		68,080		72,319			60,501
Loss on extinguishment of debt		33,847		7,386		21,075		13,479			—
Total fixed charges	$	120,963	$	103,995	$	126,190	$	112,207		$	83,019
Ratio of earnings to fixed charges		5.24		4.30		1.78		N/A	(2)		1.61

(1) Represents one-third of operating lease costs, which approximates the portion that relates to the interest portion.

(2) The ratio of earnings to fixed charges was negative for the year ended December 31, 2003. Additional earnings of $44.8 million would be needed to have a one-to-one ratio of earnings to fixed charges.