8-K

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT
                    PURSUANT TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934



      Date of Report (Date of earliest event reported):  January 24, 2001



                        CB RICHARD ELLIS SERVICES, INC.
                       --------------------------------
            (Exact name of registrant as specified in its charter)


    DELAWARE                       001-12231                  52-1616016
- -----------------               ----------------          ------------------
 (State or other                (Commission File          (IRS Employer
 jurisdiction of                Number)                   Identification No.)
 incorporation)



      200 North Sepulveda Boulevard, El Segundo,California         90245
      ------------------------------------------------------------------
             (Address of principal executive offices)           (Zip Code)


      Registrant's telephone number, including area code  (310) 563-8600
                                                          ---------------



 NA
- --------------------------------------------------------------------------------

         (Former name or former address, if changed since last report)


Item 7.   Financial Statements and Exhibits

     (c) The following is furnished as an Exhibit to this report

     99.1 Memorandum dated January 24, 2001 from Members of the Special
Committee of the Board of Directors to all Employees.

Item 9.   Regulation FD Disclosure

     Members of the Special Committee of the Board of Directors issued a
Memorandum to the employees of CB Richard Ellis, Inc. further discussing the
progress of their evaluation of the proposal by the investment group led by BLUM
Capital Partners, L.P.  The Memorandum is filed as an exhibit hereto.

                                       2


                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                       CB RICHARD ELLIS SERVICES, INC.



Date: January 24, 2001                 By: /s/ Walter V. Stafford
                                       --------------------------------------
                                       Walter V. Stafford
                                       General Counsel

                                       3


                                 EXHIBIT INDEX


Exhibit
Number                   Description of Exhibit
- ------                   ----------------------


99.1      Memorandum dated January 24, 2001 from Members of the Special
          Committee of the Board of Directors to all Employees.

                                       4

EX-99.1

                                                                    Exhibit 99.1

                                  MEMORANDUM



TO:       All Employees            DATE:    January 24, 2001

FROM:     Stanton Anderson and Paul Leach,
          as Members of the Special
          Committee of the Board of Directors


          A number of employees have asked for a report on the progress of the
Special Committee and the status of the Blum Group Proposal.  As we previously
indicated, the Special Committee has authorized its representatives to meet with
the representatives of the Blum group regarding the Blum group proposal and that
process is ongoing.  We have also directed Morgan Stanley, our financial
advisor, to explore other alternatives for the Company, including contacting
third parties who may have an interest in a possible transaction with the
Company.  That process is also ongoing.

          The Company's fourth quarter 2000 and full year 2000 earnings will be
reported within the next three weeks.  These earnings results are obviously very
important information in connection with the Committee's process.  The Company
has also scheduled a Board meeting for February 20.  We currently expect that by
the February 20 Board meeting the Committee will be prepared to make a report to
the full Board regarding the activities of the Committee, the action, if any,
that the Committee has taken with respect to a possible transaction, and the
action, if any, that the Committee recommends to the full Board.

          It is still the case, as we previously indicated, that the Special
Committee is not committed or predisposed to any particular course of action and
has not determined whether the Company should engage in any transaction at this
time.