New York-based hedge fund Paulson & Co. Inc. has purchased 13.4 million shares of Class A common stock from Los Angeles-based CB Richard Ellis Group, which has significant operations in the Bay State, for $100 million.

The sale was made on behalf of several of its investment funds and accounts it manages, the company said in a statement.

In addition, the company said it intends to sell shares of its Class A common stock, having an aggregate offering price of up to $50 million, from time to time, pursuant to an at-the-market offering program through J.P. Morgan Securities Inc. as sales agent and/or principal.

The company said it intends to use the net proceeds from the direct placement and the public offering for general corporate purposes, which may include the repayment or repurchase of some of its outstanding indebtedness.