SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 11-K

(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 [FEE REQUIRED]

For the fiscal year ended December 31, 2000
---------------------------------------------------

[_] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [NO FEE REQUIRED]

For the transition period from _________________ to ___________________

Commission file number_________________________________________________

A. Full title of the plan and the address of the plan, if different from that
of the issuer named below:

CB Richard Ellis 401(k) Plan

B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:

CB Richard Ellis Services, Inc.
200 N. Sepulveda Blvd. Suite # 300
El Segundo, CA 90245

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the Plan) have duly caused this annual
report to be signed on its behalf by the undersigned hereunto duly authorized.

CB RICHARD ELLIS 401(k) PLAN

By: /s/ James H. Leonetti
--------------------------------------
James H. Leonetti
Chief Financial Officer
CB Richard Ellis Services, Inc.

/s/ Raymond E. Writa
--------------------------------------
Raymond E. Writa
Chief Executive Officer
CB Richard Ellis Services, Inc.

Dated: June 26, 2001

CB RICHARD ELLIS 401(k) PLAN

December 31, 2000 and 1999

Index
-----

Page(s)
-------

Report of Independent Public Accountants 1

Financial Statements:

Statements of Net Assets Available for Plan Benefits
as of December 31, 2000 and 1999 2

Statement of Changes in Net Assets Available for Plan Benefits
for the Year Ended December 31, 2000 3

Notes to Financial Statements 4

Supplemental Schedules:

Schedule I - Form 5500 Schedule H - Line 4I - Schedule of Assets Held
as of December 31, 2000 11

Schedule II - Form 5500 Schedule G - Part III - Schedule of Non-Exempt
Transactions
For the Year Ended December 31, 2000 12

Note: Schedules other than those listed above have been omitted because the
information is otherwise disclosed, not applicable or not required by 29
CFR 2520.103-10 of the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security
Act of 1974, as amended.

REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

To the Investment Advisory Committee of
CB Richard Ellis 401(k) Plan:

We have audited the accompanying statements of net assets available for plan
benefits of the CB Richard Ellis 401(k) Plan (the Plan) as of December 31, 2000
and 1999, and the related statement of changes in net assets available for plan
benefits for the year ended December 31, 2000. These financial statements and
the supplemental schedules referred to below are the responsibility of the
Plan's management. Our responsibility is to express an opinion on these
financial statements and schedules based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States. Those standards require that we plan and perform the
audits to obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Plan as
of December 31, 2000 and 1999, and the changes in net assets available for plan
benefits for the year ended December 31, 2000, in conformity with accounting
principles generally accepted in the United States.

Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of assets held
and non-exempt transactions are presented for the purpose of additional analysis
and are not a required part of the basic financial statements but are
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplemental schedules have been subjected to the
auditing procedures applied in the audits of the basic financial statements and,
in our opinion, are fairly stated in all material respects in relation to the
basic financial statements taken as a whole.

ARTHUR ANDERSEN LLP

Los Angeles, California
June 26, 2001

CB RICHARD ELLIS 401(k) PLAN

Statements of Net Assets Available for Plan Benefits
As of December 31, 2000 and 1999

2000 1999
------------ ------------

Assets
------

Investments, at fair value:
Mutual funds $226,999,932 $240,907,506
CB Richard Ellis Services, Inc. Stock Fund 26,089,272 25,857,812
Vanguard Retirement Savings Trust 17,720,741 18,216,204
Loan fund 2,211,968 2,402,207
------------ ------------
Total investments 273,021,913 287,383,729
------------ ------------

Receivables:
Employer contributions 2,134,911 1,717,175
Participant contributions 352,635 270,844
------------ ------------
Total receivables 2,487,546 1,988,019
------------ ------------

Net Assets Available For Plan Benefits $275,509,459 $289,371,748
============ ============

The accompanying notes are an integral part of these financial statements.

CB RICHARD ELLIS 401(k) PLAN

Statement of Changes in Net Assets Available for Plan Benefits
For the Year Ended December 31, 2000

Net Assets Available for Plan Benefits,
beginning of year $289,371,748

Additions:
Contributions:
Employer contributions, net of forfeitures 2,223,584
Participant contributions 22,969,757
Participant rollovers 2,957,903
------------
Total contributions 28,151,244
------------
Investment income (loss):
Net depreciation in fair value of investments (12,430,485)
------------
Total investment loss (12,430,485)
------------
Total additions, net 15,720,759
------------
Deductions:
Benefits paid to participants 26,493,118
Transfers, net 3,018,589
Administrative expenses 71,341
------------
Total deductions 29,583,048
------------

Net decrease (13,862,289)
------------

Net Assets Available for Plan Benefits,
end of year $275,509,459
============

The accompanying notes are an integral part of this financial statement.

CB RICHARD ELLIS 401(k) PLAN

Notes to Financial Statements
December 31, 2000 and 1999

1. Description of the Plan
-----------------------

The following is a summary description of the CB Richard Ellis 401(k) Plan ("the
Plan"), which is sponsored by CB Richard Ellis Services, Inc. (together with its
subsidiaries, "CB" or the "Company"). Participants should refer to the Plan
document and related amendments for a further description of the provisions of
the Plan.

a. General
-------

The Plan is a defined contribution plan, which provides retirement benefits
for eligible employees of the Company who elect to participate. The Plan
became effective on April 19, 1989, and is a spin-off from the Coldwell
Banker Real Estate Group Capital Accumulation Plan (the "Prior Plan"). The
Plan covers substantially all employees of the Company and is designed to
qualify under Sections 401(a) and 401(k) of the Internal Revenue Code of
1986 (the "Code"). Employees become eligible to participate in the Plan
when they attain the age of twenty-one and have performed one hour of
service. The Plan is also subject to the provisions of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA").

b. Administration
--------------

The Plan is administered by the Investment Advisory Committee (the
"Committee" or the "Plan Administrator") appointed by the Chief Executive
Officer of the Company. The Committee has been given all powers necessary
to carry out its duties, including, but not limited to, the power to
administer and interpret the Plan, to answer all questions affecting
eligibility of participants in the Plan and to authorize disbursements for
the payment of Plan benefits.

c. Trustee, Custodian and Fund Manager of Investments
--------------------------------------------------

The Vanguard Fiduciary Trust Co. (the "Trustee"), together with its
affiliates, serves as trustee, custodian and fund manager of the Plan
investments. The Trustee is the primary recordkeeper for the Plan and is
regularly required to provide an accounting of all receipts, disbursements
and transactions made on behalf of the Plan. The fund managers are
responsible for their respective fund's portfolio, which determines the
value of Plan investments, other than the value of the CB Richard Ellis
Services, Inc. Stock Fund.

d. Contributions
-------------

Participants in the Plan who are not highly compensated employees, as
defined in the Plan document, may elect to contribute from 1 to 15 percent
of compensation before taxes through payroll deferrals. The percentage of
compensation for contributions of highly compensated employees may be
limited by the Committee.

The Company may make discretionary matching and profit sharing
contributions to the Plan in such amounts as determined by the Board of
Directors. For the year ended December 31, 2000, based on performance and
profitability of the consolidated United States operations of the Company,
the Board of Directors authorized a discretionary matching contribution of
$2,000,000, which is included in employer contributions in the accompanying
statement of changes in net assets available for plan benefits. Effective
December 31, 2000 and December 31, 1999, respectively, the Company
authorized a Qualified Non-Elective Contribution QNEC to the eligible
employees of the Fleet Management Division, that matches 50 percent of
participants' contributions up to 2.5 percent of compensation (not
exceeding $52,000 and $50,000 for the plan years 2000 and 1999,
respectively) for a maximum of $1,300 per participant in 2000 and $1,250
per participant in 1999. The amount of the QNEC Fleet matching
contributions for the year ended December 31, 2000 was $134,911. The 1999
QNEC of $88,673 was authorized and contributed to the Plan during 2000, and
is included in employer contributions in the accompanying statement of
changes in net assets available for plan benefits. Included in employer
contributions receivable of $2,134,911 in the accompanying statement of net
assets available for plan benefits as of December 31, 2000 are the
$2,000,000 discretionary matching contribution and the $134,911 QNEC
discussed above.

Participants are allowed to contribute to the Plan amounts distributed from
other tax-qualified plans. Such rollover contributions were $2,957,903 for
the plan year ended December 31, 2000.

e. Participant Accounts
--------------------

Each participant's account is credited with the participant's contribution,
an allocation of Company contributions and investment earnings or losses.
Allocation of earnings on any of the investment funds, except for the CB
Richard Ellis Services, Inc. Stock Fund, is based on each participant's
balance in the investment fund as compared to the total participants'
balance in such fund as of the preceding valuation date.

f. Vesting
-------

Participants are immediately vested in their contributions plus actual
earnings thereon. Vesting in the Company's contribution portion of their
accounts plus actual earnings thereon is based upon the occurrence of the
earliest of the following:

a. 100 percent upon Plan termination

b. 100 percent upon the participant attaining age 65, death or
disability

c. for participants who commenced employment prior to January 1,
1989, zero percent for less than four years of vesting service,
as defined in the Plan document, 10 percent for four years of
vesting service and 100 percent for five or more years of vesting
service

d. for participants who commenced employment after January 1, 1989,
zero percent for less than five years of vesting service and 100
percent for five or more years of vesting service

g. Forfeited Accounts
------------------

Forfeited nonvested accounts are used to reduce future employer
contributions. Forfeitures amounting to $79,000 were utilized in the plan
year ended December 31, 2000. Unallocated forfeitures at December 31, 2000
and 1999 totaled $126,208 and $83,812, respectively.

h. Benefit Payments and Withdrawals
--------------------------------

Participants are entitled to the vested portion of their accounts upon
attaining age 65, termination of employment, disability or death. The Plan
also provides for withdrawals due to hardship from the fully vested
employee contributions, subject to certain limitations. Benefits are
recorded when paid. All distributions are made in a single lump sum cash
payment equal to the vested balance of the participants' accounts except
for CB Richard Ellis Stock Fund for which certificates for shares are
distributed.

i. Transfers
---------

Net transfers out of the Plan for the plan year ended December 31, 2000,
principally consists of transfers out by four offices sold in 1999.

j. Participant Loans
-----------------

Participants may elect to borrow from the vested portion of their accounts
up to a maximum amount equal to the lesser of $50,000 or 50 percent of
their account balance. Loan transactions are treated as a transfer from
(to) the investment fund to (from) the Participant Loan fund. Such loan
principal and related interest are payable by the participants to their
Plan accounts over a period not to exceed 36 months from the date of
withdrawal. The loans are secured by the balance in the participant's
account and bear interest at the prime rate as determined by the Plan
Administrator plus 2 percent. The interest rate on loans ranged from 9.25
percent to 11 percent. Principal and interest is paid ratably through
payroll deductions.

During 2000, a U.S. Department of Labor audit of the Plan was concluded,
and a restoration payment of $89,175 was made in April 2000 by the Company
to the Plan representing the payment of loan fees and related accrued
interest for the period from 1993 to 1998. The Company considered the
result of such audit and reduced the loan processing fees from $75.00 to
$40.00.

2. Summary of Accounting Policies
------------------------------

a. Basis of Accounting
-------------------

The accompanying financial statements have been prepared on the accrual
basis of accounting.

b. Valuation and Income Recognition
--------------------------------

The Plan's investments are stated at fair value. Shares of mutual funds are
valued at quoted market prices, which represent the net asset value of
shares held by the Plan at year end. Units of the Vanguard Retirement
Savings Trust are valued at net asset value at year end. The Company stock
fund is valued at its year-end unit closing price (comprised of year-end
market price plus uninvested cash position). Participant loans receivable
are valued at cost which approximates fair value.

Purchases and sales of securities are recorded on a trade-date basis.
Interest income is recorded on the accrual basis. Dividends are recorded on
the ex-dividend date. Dividends and interest income are shown in the
accompanying statement of changes in net assets available for plan benefits
as net depreciation in fair value of investments.

The value of the CB stock was $14.63 and $12.38 on December 31, 2000 and
1999, respectively, representing the latest quoted price at that date on
the stock exchange on which it trades.

Net appreciation (depreciation) in the fair value of investments is based
on the difference between the fair value of the assets at the beginning of
the year, or at the time of purchase for assets purchased during the year,
and the related fair value on the day investments are sold with respect to
realized appreciation (depreciation), or on the last day of the year for
unrealized appreciation (depreciation).

All realized and unrealized appreciation (depreciation) in the value of
investments is shown in the accompanying statement of changes in net assets
available for plan benefits as net depreciation in fair value of
investments.

c. Use of Estimates
----------------

The preparation of financial statements in conformity with accounting
principles generally accepted in the United States requires management to
make estimates and assumptions that affect the reported amounts of assets,
liabilities, and changes therein and disclosure of contingent assets and
liabilities. Actual results could differ from those estimates.

d. Risks and Uncertainties
-----------------------

The Plan provides for various investment options in mutual funds.
Investment securities are exposed to various risks such as interest rate,
market and credit. Due to the level of risk associated with certain
investment securities and the level of uncertainty related to changes in
the value of investment securities, it is at least reasonably possible that
changes in risk in the near term would materially affect participants'
account balances and the amounts reported in the statements of net assets
available for plan benefits and the statement of changes in net assets
available for plan benefits.

The Plan invests through the mutual funds in the securities of foreign
companies, which involve special risks and considerations not typically
associated with investing in U.S. companies. These risks include
devaluation of currencies, less reliable information about issuers,
different securities transaction clearance and settlement practices, and
possible adverse political and economic developments. Moreover, securities
of many foreign companies and their markets may be less liquid and their
prices more volatile than those of securities of comparable U.S. companies.

3. Investments
-----------

The following presents investments that represent five percent or more of the
Plan's net assets. Participants can direct their contributions and employer
contributions among various investment options. Participants should refer to the
Summary Plan Description for a complete and accurate description of the various
investment options.

December 31,
Mutual funds: 2000 1999
----------- -----------

Baron Asset Fund $12,759,733 $14,686,748
Janus Worldwide Fund 13,657,002 10,420,165
T. Rowe Science and Technology Fund 30,259,986 37,660,051
Vanguard 500 Index Fund 32,992,841 39,362,369
Vanguard Morgan Growth Fund 20,443,805 22,565,072
Vanguard Prime Money Market Fund 16,610,094 13,094,116
Vanguard PRIMECAP Fund 23,380,824 16,595,444
Vanguard Wellington Fund 22,423,225 25,033,685
Vanguard Windsor II Fund 32,891,192 39,166,607
Vanguard Retirement Savings Trust (Common Collective Trust) 17,720,741 18,216,204
CB Richard Ellis Services, Inc. Stock Fund 26,089,272 25,857,812

During the Plan year ended December 31, 2000, the Plan's investments (including
gains and losses on investments bought and sold, as well as held during the
year) depreciated in value by $ 32,819,108 as follows:

Mutual Funds $ (36,867,895)
Vanguard Retirement Savings Trust -
CB Richard Ellis, Inc. Stock Fund 4,048,787
-------------
$ (32,819,108)
=============

4. Related Party Transactions
--------------------------

The Trustee and the Company are parties-in-interest as defined by ERISA. These
transactions involve the purchase and sale of the Company's common stock and
investing certain Plan assets in shares of mutual funds and common/collective
trusts, which are managed by the Trustee. Such transactions qualify as party-in-
interest transactions permitted by Department of Labor's regulations. Fees paid
to the Trustee by the Plan, for the year ended December 31, 2000 amounted to
$71,341.

5. Administrative Expenses
-----------------------

Expenses directly related to the administration of the Plan are paid out of Plan
assets, which are reflected in administrative expenses in the accompanying
statement of changes in net assets available for plan benefits. However, the
Company may elect to pay for some of these expenses. During 2000, the Company
elected to pay for a portion of the Plan expenses, which were not material to
the change in net assets for 2000.

6. Federal Income Tax Status
-------------------------

The Internal Revenue Service has determined and informed the Company by a letter
dated February 19, 1998, that the Plan is designed in accordance with applicable
sections of the Internal Revenue Code. The determination letter is applicable
for the amendment(s) adopted May 21, 1996 and November 25, 1996. This
determination letter is also applicable for the amendment (s) adopted July 27,
1997 and August 28, 1997. The Committee, using its judgement and the advice of
its advisors, including the Plan's tax counsel, believes that the Plan, in all
material respects, is designed and operated in a manner that qualifies it for
continued tax-exempt status. Accordingly, no taxes have been provided for in the
accompanying financial statements.

7. Non-Exempt Transaction
-----------------------

For the year ended December 31, 2000, the Company's failure to remit participant
contributions to the Plan within 15 working days constituted a lending of such
monies to the Company. As such, this transaction represented a nonexempt
transaction between the Company and the Plan as identified in Schedule II. The
deemed loan principal balance of $119,526 was paid by the Company to the Plan in
February 2001 and the interest in the amount of $2,000 on the loan will be paid
in July 2001.

8. Plan Termination
----------------

Although it has not expressed any intent to do so, the Company has the right
under the Plan to amend the Plan or to discontinue its contributions at any time
and to terminate the Plan subject to the provisions of ERISA. Upon complete
discontinuance of the employer's contributions or Plan termination, participants
will become fully vested in their account balances.

9. Subsequent Event
----------------

On February 24, 2001, the Company announced that it had entered into a merger
agreement providing for the acquisition of the Company by Blum CB Corporation
(Blum CB, which is a wholly-owned subsidiary of CBRE Holding, Inc.) for $16.00
per share in cash, including shares held in the Plan. CBRE Holding, Inc. is an
affiliate of Blum Capital Partners, Freeman Spogli & Co. and certain directors
and executive officers of the Company.

As discussed in the Amendment No. 1 to Form S-1 Registration Statement of CBRE
Holding Inc. (Holding) filed with the Securities and Exchange Commission on June
12, 2001, U.S. employees of the Company who are currently participants in the CB
Richard Ellis Services 401(k) plan will have the opportunity to purchase up to
889,819 shares of Holding's Class A common stock at an offering price of $16.00
per share (the Offering). These shares will be held in the Plan, which will be
amended to add this new investment alternative.

No employee may have more than 50% of his or her entire 401(k) plan account
balance invested in shares of Holding Class A common stock as of June 1, 2001.
Holding will not trade publicly after the proposed merger and will impose other
restrictions on the transferring of shares, but this need not affect
participants who will have the right to require the Company to repurchase the
shares at fair value prior to a distribution.

If the Offering is over-subscribed, the number of shares that each participating
employee is able to purchase will be reduced proportionately based upon the
total number of 401(k) plan shares for which subscriptions are received.

To the extent that an employee holds shares of CB Richard Ellis Services common
stock in his or her 401(k) plan account and does not elect to use the merger
proceeds received for these shares to participate in the Offering, he or she
must instruct the trustee to invest the excess proceeds in one or more of the
other investment alternatives that are available under the CB Richard Ellis
Services 401(k) plan. Stock of the Company will no longer be an investment
option.

The acquisition, and the related offering discussed above, which is expected to
close during the third quarter of 2001, remains subject to certain conditions,
including the receipt of Blum CB's debt financing, the approval of the merger by
the holders of two-thirds of the outstanding shares of the Company not owned by
the buying group, and a successful tender offer for at least 51% of the
Company's outstanding 8 7/8% Senior Subordinated Notes. The tender offer has
been successfully completed.

Schedule I

CB RICHARD ELLIS 401(k) PLAN

EIN No. 52-1616016 Plan No. 001
Schedule of Assets Held
As of December 31, 2000

Current
Identity of issuer Description of Investment Value
- ------------------------------------ ----------------------------------------------------- ------------

* Baron Asset Fund Baron Asset Fund $ 12,759,733

* Janus Investment Fund Janus Worldwide Fund 13,657,002

* RS Investment Trust RS Emerging Growth Fund 377,659

* T. Rowe Price T. Rowe Science and Technology Fund 30,259,986

* The Vanguard Group Vanguard 500 Index Fund 32,992,841

* The Vanguard Group Vanguard International Growth Fund 10,880,179

* The Vanguard Group Vanguard LifeStrategy Conservative Growth Fund 915,199

* The Vanguard Group Vanguard LifeStrategy Growth Fund 2,310,755

* The Vanguard Group Vanguard LifeStrategy Income Fund 4,491,122

* The Vanguard Group Vanguard LifeStrategy Moderate Growth Fund 2,324,925

* The Vanguard Group Vanguard Morgan Growth Fund 20,443,805

* The Vanguard Group Vanguard Prime Money Market Fund 16,610,094

* The Vanguard Group Vanguard PRIMECAP Fund 23,380,824

* The Vanguard Group Vanguard Total Bond Index Fund 281,391

* The Vanguard Group Vanguard Wellington Fund 22,423,225

* The Vanguard Group Vanguard Windsor II Fund 32,891,192

* The Vanguard Group Vanguard Retirement Savings Trust (Common/Collective) 17,720,741

* CB Richard Ellis Services, Inc. CB Richard Ellis Services, Inc. Stock Fund 26,089,272

* Participant Loans Loans receivable with interest rates ranging from 2,211,968
9.25 percent to 11.00 percent
------------
Total assets held $273,021,913
============

* Represents a party-in-interest

Schedule II

CB RICHARD ELLIS 401(k) PLAN

EIN No. 52-1616016 Plan No. 001
Schedule of Non-Exempt Transactions
For the Year Ended December 31, 2000

Amount of
Interest
Amount of Through Full
Identity of Party Involved Description of Transaction Loan Payoff Date
- -------------------------- ---------------------------------- --------- -----------

CB Richard Ellis, Inc. Deemed loan to the Company dated
December 14, 2000, maturity
February 7, 2001, interest rate 8.8% $ 119,526 $ 2,000

Note: The deemed loan dated December 14, 2000 will be paid through two
transfers from the Company to the Plan, $119,526 in February 2001 and
$2,000 in July 2001.

CB RICHARD ELLIS 401(k) PLAN
Exhibit Index

Exhibit
No. Exhibit Page Number
- ----------- ------------------------------------------- ---------------

23 Consent of Independent Public Accountants 13