CB COMMERCIAL REAL ESTATE SERVICES GROUP INC
3, 1997-09-08
REAL ESTATE
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- --------                                             ---------------------------
 FORM 3                                                    OMB APPROVAL
- --------                                             ---------------------------
                                                     OMB Number:  3235-0104
                                                     Expires: September 30, 1998
                                                     Estimated average burden
                                                     hours per response.....0.5
                                                     --------------------------

 
                    U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


   Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, 
      Section 17(a) of the Public Utility Holding Company Act of 1935 or 
              Section 30(f) of the Investment Company Act of 1940

(Print or Type Responses)
- -------------------------------------------------------------------------------
1.   Name and Address of Reporting Person*

     Spogli       Ronald           P.
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     (Last)       (First)        (Middle)

     11100 Santa Monica Boulevard, Suite 1900
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                  (Street)

     Los Angeles     California     90025
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     (City)        (State)          (Zip)

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2.   Date of Event Requiring Statement
     (Month/Day/Year)

     8/28/97     
- -----------------------------------------------------------

3.   IRS or Social Security Number of
     Reporting Person (Voluntary)

- -----------------------------------------------------------

4.   Issuer Name and Ticker or Trading Symbol

     CB Commercial Real Estate Services Group, Inc. (CBCG)
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5.   Relationship of Reporting Person(s) to Issuer
              (Check all applicable)

            Director                   X   10% Owner
     -----                           -----

           Officer (give                   Other (specify
     -----          title below)     -----        below)

         ------------------------------------
- -----------------------------------------------------------

6.   If Amendment, Date of Original
     (Month/Day/Year)

- -----------------------------------------------------------

7.   Individual or Joint/Group Filing
     (Check Applicable Line)

 X   Form filed by One Reporting Person
- ---
     Form filed by More than One Reporting Person
- ---

- -----------------------------------------------------------
Table 1 - Non-Derivative Securities Beneficially Owned

- -----------------------------------------------------------

1.   Title of Security
     (Instr. 4)

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     Common Stock
- -----------------------------------------------------------

- -----------------------------------------------------------

- -----------------------------------------------------------


2.   Amount of Securities Beneficially Owned
     (Instr. 4)

- -----------------------------------------------------------
     3,402,463
- -----------------------------------------------------------

- -----------------------------------------------------------

- -----------------------------------------------------------
  
3.   Ownership Form:  Direct (D) or Indirect (I)
     (Instr. 5)

- -----------------------------------------------------------
     I
- -----------------------------------------------------------

- -----------------------------------------------------------

- -----------------------------------------------------------

4.   Nature of Indirect Beneficial Ownership
     (Instr. 5)

- -----------------------------------------------------------
     By limited partnership (1)(2)
- -----------------------------------------------------------      

- -----------------------------------------------------------

- -----------------------------------------------------------

Reminder: Report on a separate line for each class of securities beneficially 
owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 
  5(b)(v).



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<TABLE> 
<CAPTION> 
 
FORM 3 (continued) Table II - Derivative Securities Beneficially Owned (e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security  2. Date Exer-    3. Title and Amount of Securities  4. Conver-   5. Owner-   6.  Nature of Indirect
   (Instr. 4)                       cisable and      Underlying Derivative Security     sion or      ship         Beneficial 
                                    Expiration       (Instr. 4)                         Exercise     Form of      Ownership
                                    Date                                                Price of     Deriv-       (Instr. 5)
                                   (Month/Day/                                          Deri-        ative
                                    Year)                                               vative       Security:
                                 --------------------------------------------------     Security     Direct
                                 Date    Expira-                         Amount                      (D) or
                                 Exer-   tion              Title         or                          Indirect
                                 cisable Date                            Number                      (I)
                                                                         of                         (Instr. 5)  
                                                                         Shares
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>     <C>      <C>                    <C>         <C>           <C>            <C> 
- ------------------------------------------------------------------------------------------------------------------------------------
Warrants to Purchase 
 Common Stock                   8/28/00  8/27/04     Common Stock        364,884(1)(2)   $30.00        I          By limited
                                                                                                                  partnership (1)(2)
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Explanation of Responses:


(1)  The reporting person is one of six sole stockholders of FS Holdings, Inc., a Delaware corporation, the sole general partner of
     FS Capital Partners, L.P., a California limited partnership, the sole general partner of FS Equity Partners III, L.P., a
     Delaware limited partnership, the record owner of 3,278,448 shares and warrants to purchase 351,585 shares, and may have the
     power to vote and dispose of the shares and the warrants. The reporting person disclaims beneficial ownership of the shares and
     the warrants reported except to the extent of his pecuniary interest therein.
                                        
(2)  The reporting person is one of six sole stockholders of FS International Holdings Limited, the sole general partner of FS&Co.
     International, L.P., the sole general partner of FS Equity Partners International, L.P., a Delaware limited partnership, the
     record owner of 124,015 shares and warrants to purchase 13,299 shares, and may have the power to vote and dispose of the shares
     and the warrants. The reporting person disclaims beneficial ownership of the shares and the warrants reported except to the
     extent of his pecuniary interest therein.

                                                                              /s/ Ronald P. Spogli                     9/5/97     
                                                                             --------------------------------     -----------------
                                                                             **Signature of Reporting Person            Date       
                                                                               Ronald P. Spogli      
                                                                                     
 ** Intentional misstatements or omissions of facts constitute Federal               
    Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                   
                                                                                     
Note:  File three copies of this Form, one of which must be manually signed. 
       If space is insufficient, see Instruction 6 for procedure.            
                                                                             
Potential persons who are to respond to the collection of information        
contained in this form are not required to respond unless the form           
displays a currently valid OMB Number.                                       
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