EXHIBIT 12.1

CB Richard Ellis Services

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

(Dollars in thousands)

	CB Richard Ellis Services									Derived Services		Derived Services		Derived Services		Derived Services			Derived Services			Derived Services
	Twelve Months Ended December 31, 1998		Twelve Months Ended December 31, 1999		Twelve Months Ended December 31, 2000		Period from January 1, 2001 through July 20, 2001			February 20, 2001 (inception) through December 31, 2001		Twelve Months Ended December 31, 2002		Nine Months Ended September 30, 2002		Nine Months Ended September 30, 2003			Pro Forma Twelve Months Ended December 31, 2002			Pro Forma Nine Months Ended September 30, 2003
Income (loss) before provision for income taxes	$	50,483	$	39,461	$	68,139	$	(32,910	)	$	43,006	$	60,434	$	18,868	$	(40,079	)	$	(1,059	)	$	(21,462	)
Less: Equity income from unconsolidated subsidiaries		3,443		7,528		7,112		2,854			1,661		8,968		5,880		9,795			8,968			9,795
Add: Distributed earnings of unconsolidated subsidiaries		2,267		12,662		8,389		2,844			2,408		10,417		8,474		8,051			10,417			8,051
Fixed charges		42,089		56,524		59,985		31,063			30,419		71,675		54,765		71,492			111,278			89,542
Total earnings before fixed charges	$	91,396	$	101,119	$	129,401	$	(1,857	)	$	74,172	$	133,558	$	76,227	$	29,668		$	111,668		$	66,396
Fixed charges:
Portion of rent expense representative of the interest factor (1)	$	11,042	$	17,156	$	18,285	$	10,760		$	8,901	$	22,518	$	16,889	$	20,773		$	32,284		$	56,529
Interest expense		31,047		39,368		41,700		20,303			21,518		49,157		37,876		50,719			78,994			33,013
Total fixed charges	$	42,089	$	56,524	$	59,985	$	31,063		$	30,419	$	71,675	$	54,765	$	71,492		$	111,278		$	89,542
Ratio of earnings to fixed charges		2.17		1.79		2.16		n/a	(2)		2.44		1.86		1.39		0.54	(3)		1.00			0.74	(4)

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

(2) The ratio of earnings to fixed charges was negative for the period from January 1, 2001 to July 20, 2001. Additional earnings of $32.9 million would be needed to have a one-to-one ratio.

(3) Additional earnings of $32.9 million would be needed to have a one-to-one ratio of earnings to fixed charges.

(4) Additional earnings of $23.2 million would be needed to have a one-to-one ratio of earnings to fixed charges.