CB/TCC Global S-4 Registration of securities issued in business combination transactions

EXHIBIT 12

CB RICHARD ELLIS GROUP, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

	Year Ended December 31,											Six Months Ended June 30,
	2004		2005		2006		2007		2008			2008			2009
Income (loss) from continuing operations before provision for income taxes (1)	$	108,254	$	356,222	$	516,897	$	580,514	$	(971,481	)	$	63,809		$	(50,667	)
Less: Equity income (loss) from unconsolidated subsidiaries		20,977		38,425		33,300		64,939		(80,130	)		(22,514	)		(11,940	)
Add: Distributed earnings of unconsolidated subsidiaries		11,502		24,997		29,384		117,196		23,867			14,737			5,830
Fixed charges		126,190		103,995		120,963		220,213		236,533			116,215			146,160
Total earnings (loss) before fixed charges	$	224,969	$	446,789	$	633,944	$	852,984	$	(630,951	)	$	217,275		$	113,263
Fixed charges:
Portion of rent expense representative of the interest factor (2)	$	37,035	$	40,328	$	42,109	$	57,222	$	69,377		$	31,650		$	34,689
Interest expense		68,080		56,281		45,007		162,991		167,156			84,565			82,216
Write-off of financing costs		21,075		7,386		33,847		—		—			—			29,255
Total fixed charges	$	126,190	$	103,995	$	120,963	$	220,213	$	236,533		$	116,215		$	146,160
Ratio of earnings to fixed charges		1.78		4.30		5.24		3.87		N/A	(3)		1.87			N/A	(3)

(1) Excludes pre-tax income (loss) attributable to non-controlling interests.

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

(3) The ratio of earnings to fixed charges was less than one-to-one for the year ended December 31, 2008 and the six months ended June 30, 2009. Additional earnings of $867.5 million and $32.9 million would be needed to have a one-to-one ratio of earnings to fixed charges for the year ended December 31, 2008 and the six months ended June 30, 2009, respectively.