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Koll Real Estate Will Pay IRS $21-Million Tax

March 25, 1994

NEWPORT BEACH — Koll Real Estate Group Inc. said it will have to pay about $21 million to settle its share of an alleged tax deficiency tied to "various tax-sharing agreements" with which it is involved.

The company said in a statement that a preliminary settlement agreement has been filed with the U.S. Tax Court.

Officials were not available for further comment.

Koll Real Estate Group provides commercial, industrial, retail and residential real estate development services, including project planning and construction management.

The company's principal properties include the Bolsa Chica property in an unincorporated coastal area next to Huntington Beach.

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