EXHIBIT 3.8(a)

                            CERTIFICATE OF FORMATION

                                       OF

                       CB RICHARD ELLIS INVESTORS, L.L.C.
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          This Certificate of Formation of CB Richard Ellis Investors, L.L.C.,
dated as of December 7, 1994, is being duly executed and filed by Stanton H.
Zarrow, as an authorized person, to form a limited liability company under the
Delaware Limited Liability Company Act (6 Del.C. (S) 18-101, et seq.).
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          FIRST. The name of the limited liability company formed hereby is
CB Richard Ellis Investors, L.L.C.

          SECOND. The address of the registered office of the Company in the
State of Delaware is Corporation Trust Center, 1209 Orange Street, Wilmington,
County of New Castle. The name of its registered agent at such address is The
Corporation Trust Company.

          THIRD. The name and address of the registered agent for service of
process on the Company in the State of Delaware are The Prentice-Hall
Corporation System, Inc., 32 Loockerman Square, Suite L-100, Dover, Delaware
19904.

          FOURTH. The latest date on which the Company is to dissolve is 50
years from the date of this Certificate of Formation is filed with the Office of
the Delaware Secretary of State.

          IN WITNESS WHEREOF, the undersigned has executed this Certificate of
Formation as of the date first above written.

                                            /s/ Stanton H. Zarrow
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                                            Name: Stanton H. Zarrow
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                                            Authorized Person