CB RICHARD ELLIS SERVICES INC
8-K, 1998-10-06
REAL ESTATE
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<PAGE>
 
                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                        SECURITIES EXCHANGE ACT OF 1934



DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):  SEPTEMBER 22, 1998



                        CB RICHARD ELLIS SERVICES, INC.
- --------------------------------------------------------------------------------
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


   DELAWARE                         001-12231                     52-1616016
- ------------------              ----------------             ------------------
(STATE OR OTHER                 (COMMISSION FILE             (IRS EMPLOYER
JURISDICTION OF                  NUMBER)                     IDENTIFICATION NO.)
INCORPORATION)



 533 SOUTH FREMONT AVENUE, LOS ANGELES, CALIFORNIA              90071
- --------------------------------------------------------------------------------
       (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)               (ZIP CODE)


       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE  (213) 613-3123
                                                          ---------------



- --------------------------------------------------------------------------------
         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
<PAGE>
 
ITEM 5.   OTHER EVENTS

     On September 22, 1998, CB Richard Ellis Services, Inc. (the "Company")
issued a press release announcing that it has completed the acquisition of the
73% of CB Commercial Real Estate Group Canada, Inc. which it did not previously
own.  The press release is filed as an exhibit hereto.

     On October 2, 1998, the Company issued a press release announcing that it
has completed the purchase of the remaining ownership interests in the Richard
Ellis Australia and New Zealand businesses that it did not already own.  The
press release is filed as an exhibit hereto.

ITEM 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     (c)  The following are furnished as exhibits to this report:

     99.1  Press release dated September 22, 1998 issued by CB Richard Ellis
           Services, Inc.

     99.2  Press release dated October 2, 1998 issued by CB Richard Ellis
           Services, Inc.

                                      -2-
<PAGE>
 
                                   SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                       CB RICHARD ELLIS SERVICES, INC.



Date: October 5, 1998                  By: /s/ Debra L. Morris
                                          ------------------------------
                                          Debra L. Morris
                                          Global Chief Accounting Officer

                                      -3-
<PAGE>
 
                                 EXHIBIT INDEX

EXHIBIT
NUMBER                   DESCRIPTION OF EXHIBIT
- ------                   ----------------------

 99.1      Press release dated September 22, 1998 issued by CB Richard Ellis
           Services, Inc.

 99.2      Press release dated October 2, 1998 issued by CB Richard Ellis
           Services, Inc.

<PAGE>
 
                                                                    EXHIBIT 99.1


                                                 CB Richard Ellis Services, Inc.
                                                          Corporate Headquarters
                                                        533 South Fremont Avenue
                                                      Los Angeles, CA 90071-1712
                                                                 T  213 613 3123
                                                                 F  213 613 3535
                                                          www.cbrichardellis.com

PRESS RELEASE


FOR IMMEDIATE RELEASE ---- September 22, 1998

<TABLE>
<S>                           <C>                                  <C> 
For further information:       At the Financial Relations Board
Cary Brazeman                  Karen Taylor                         Stephanie Mishra
Corporate Communications       General Information                  Investor/Analyst Contact
(213) 613-3227                 (310) 442-0599                       (415) 986-1591
</TABLE>

CB RICHARD ELLIS PURCHASES REMAINING CANADIAN BUSINESS INTERESTS

Los Angeles, CA (September 22, 1998)

CB Richard Ellis (NYSE:CBG), the world leader in real estate services, announced
today that it has completed the acquisition of the 73% of CB Commercial Real
Estate Group Canada, Inc. which it did not previously own. Terms of the
acquisition were not disclosed.  Richard Pogue, a long-time CB Richard Ellis
executive, has moved to Toronto and will become chairman of CB Commercial Canada
(which will be renamed CB Richard Ellis).  The rest of management, including a
majority of the directors will continue to be made up of Canadians.

CB Richard Ellis (NYSE:CBG) is the world leader in real estate services.  Based
in Los Angeles with over 9,000 employees worldwide, the company serves real
estate owners, investors and occupiers through over 200 principal offices in 29
countries.  Services include property sales and leasing, property management,
corporate advisory services and facilities management, mortgage banking,
investment management, capital markets, appraisal/valuation and market research.
CB Commercial and REI Limited, which merged in April 1998 to form CB Richard
Ellis, had combined 1997 revenues of $848 million.

For more information on CB Richard Ellis Services, Inc. (via facsimile and at no
cost), call 1-800-PRO-INFO and dial client code "CBG".  If calling from outside
the United States, please dial 1-732-544-2850.

                                      ###

<PAGE>
 
                                                                    EXHIBIT 99.2


                                                 CB Richard Ellis Services, Inc.
                                                          Corporate Headquarters
                                                        533 South Fremont Avenue
                                                      Los Angeles, CA 90071-1712
                                                                 T  213 613 3123
                                                                 F  213 613 3535
                                                          www.cbrichardellis.com

PRESS RELEASE


FOR IMMEDIATE RELEASE ---- October 2, 1998

<TABLE>
<S>                           <C>                                  <C> 
For further information:       At the Financial Relations Board
Cary Brazeman                  Karen Taylor                         Stephanie Mishra
CB Richard Ellis               General Information                  Investor/Analyst Contact
(213) 613-3227                 (310) 442-0599                       (415) 986-1591
</TABLE>

CB RICHARD ELLIS PURCHASES REMAINING AUSTRALIAN BUSINESS INTERESTS

Los Angeles, CA (October 2, 1998)

CB Richard Ellis (NYSE:CBG), the world leader in real estate services, announced
today that it has purchased the remaining ownership interests in the Richard
Ellis Australia and New Zealand businesses (Victoria, Queensland, Auckland and
Wellington) that it did not already own.  Terms of the acquisitions were not
disclosed.

CB Richard Ellis (NYSE:CBG) is the world leader in real estate services.  Based
in Los Angeles with over 9,000 employees worldwide, the company serves real
estate owners, investors and occupiers through over 200 principal offices in 29
countries.  Services include property sales and leasing, property management,
corporate advisory services and facilities management, mortgage banking,
investment management, capital markets, appraisal/valuation and market research.
CB Commercial and REI Limited, which merged in April 1998 to form CB Richard
Ellis, had combined 1997 revenues of $848 million.

For more information on CB Richard Ellis Services, Inc. (via facsimile and at no
cost), call 1-800-PRO-INFO and dial client code "CBG".  If calling from outside
the United States, please dial 1-732-544-2850.

                                      ###


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