EXHIBIT 21 SUBSIDIARY STATE OR COUNTRY - --------------------------------------------- ---------------- OF INCORPORATION ----------------- APPROPRIATE INVESTMENTS HONG KONG BONUTTO - HOFER INVESTMENTS CALIFORNIA CAREY, BRUMBAUGH, STARMAN, PHILLIPS & PENNSYLVANIA ASSOCIATES CB COMMERCIAL LTD. UNITED KINGDOM CB COMMERCIAL PARTNERS, INC. DELAWARE CB COMMERCIAL REAL ESTATE GROUP OF IOWA IOWA CB HILLIER PARKER, LTD. UNITED KINGDOM CB RICHARD ELLIS (AUSTRALIA) PTY LTD. AUSTRALIA CB RICHARD ELLIS (CANADA) INC. CANADA CB RICHARD ELLIS CRES, S.A. SWITZERLAND CB RICHARD ELLIS (PRIVATE) LTD. SINGAPORE CB R.E. CONSELL FRANCE CB R.E. GESTION FRANCE CB RICHARD ELLIS MANAGEMENT (PTE) LTD. SINGAPORE CB R.E. RESIDENTIAL FRANCE CB R.E. ULUSLARARASI EMLAK DANISMANLIK TURKEY LTD. CB RICHARD ELLIS (B.C.) INC. CANADA CB RICHARD ELLIS (M) PTY LTD. AUSTRALIA CB RICHARD ELLIS (Q) PTY LTD. AUSTRALIA CB RICHARD ELLIS (RN) PTY LTD. AUSTRALIA CB RICHARD ELLIS (RQ) PTY LTD. AUSTRALIA CB RICHARD ELLIS 1031 EXCHANGE SERVICES, DELAWARE INC. CB RICHARD ELLIS AGENCY (CHINA) LTD. HONG KONG CB RICHARD ELLIS, B.V. AMSTERDAM CB RICHARD ELLIS CORPORATE FACILITIES DELAWARE MANAGEMENT, INC. -1- CB RICHARD ELLIS GmbH GERMANY CB RICHARD ELLIS GmBh AUSTRIA CB RICHARD ELLIS, INC. DELAWARE CB RICHARD ELLIS, INC. FLORIDA CB RICHARD ELLIS KFT HUNGARY CB RICHARD ELLIS KK JAPAN CB RICHARD ELLIS LTD. HONG KONG CB RICHARD ELLIS LTD. PORTUGAL CB RICHARD ELLIS LTD. MAURITIUS CB RICHARD ELLIS OF COLORADO, INC. COLORADO CB RICHARD ELLIS OF IOWA, INC. IOWA CB RICHARD ELLIS PROPERTY CONSULTANTS LTD. CHINA CB RICHARD ELLIS PROPERTY MANAGEMENT HONG KONG (CHINA) LTD. CB RICHARD ELLIS PTY LTD. AUSTRALIA CB RICHARD ELLIS RESIDENTIAL S.A. SPAIN CB RICHARD ELLIS S.A. BELGIUM CB RICHARD ELLIS S.A. SWITZERLAND CB RICHARD ELLIS S/C LIDA BRAZIL CB RICHARD ELLIS S.A. SPAIN CB RICHARD ELLIS S.A. ARGENTINA CB RICHARD ELLIS S.A. FRANCE CB RICHARD ELLIS SOCIEADAD deMEDIACAO PORTUGAL IMOBILIANA LDA CB RICHARD ELLIS SpA ITALY CBC FREMONT INCORPORATED CALIFORNIA CBRE-PROFI ACQUISITION CORP. DELAWARE CBS INVESTMENT REALTY, INC. ARIZONA CBS INVESTMENT REALTY OF NEW MEXICO, INC. NEW MEXICO CHADBURN TRADING LIMITED UNITED KINGDOM -2- D.A. MANAGEMENT, INC. CALIFORNIA GLOBAL PROFESSIONAL ASSURANCE COMPANY VERMONT HOLDPAR A (LIMITED PARTNERSHIP FORMED DELAWARE UNDER THE LAWS OF DELAWARE) HOLDPAR B (LIMITED PARTNERSHIP FORMED DELAWARE UNDER THE LAWS OF DELAWARE) KAP (SINGAPORE) PTE LTD. SINGAPORE KEA/1, INC. DELAWARE KEA/2, INC. DELAWARE KOLL ASIA HOLDINGS LTD. HONG KONG KOLL ASIA PACIFIC REAL ESTATE SERVICES CHINA (SHANGHAI) CO. LTD. KOLL BREN REALTY ADVISORS, INC. DELAWARE KOLL CAPITAL MARKETS GROUP INC. DELAWARE KOLL CORPORATE MANAGEMENT SYSTEMS, INC. DELAWARE KOLL HOLDINGS INTERNATIONAL, INC. DELAWARE KOLL INVESTMENT MANAGEMENT, INC. CALIFORNIA KOLL MANAGEMENT SERVICES CORPORATION COLORADO KOLL MANAGEMENT SERVICES, INC. DELAWARE KOLL PARTNERSHIP I DELAWARE KOLL PARTNERSHIPS II DELAWARE KOLL REAL ESTATE SERVICES DELAWARE KOLL STRATEGIC HR SERVICES, INC. CALIFORNIA KOLL TENDER CORPORATION I DELAWARE KOLL TENDER CORPORATION II DELAWARE L.J. MELODY & COMPANY TEXAS L.J. MELODY INVESTMENTS, INC. TEXAS PT. URBANA DAYAPARKASA INDONESIA RARESPRINT LIMITED UNITED KINGDOM REI INVESTMENT, LTD. UNITED KINGDOM RIO S/C LIDA BRAZIL ROGER C. SCHULTZ, INC. CALIFORNIA SUTTER FREMONT, INC. CALIFORNIA SUTTER FREMONT PROPERTY SERVICES, INC. WASHINGTON WESTMARK REAL ESTATE ACQUISITION DELAWARE PARTNERSHIP, L.P. (LIMITED PARTNERSHIP FORMED UNDER THE LAWS OF DELAWARE) -3-