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CALIFORNIA / News and Insight on Business in the Golden
State

Spotlight: Koll to Sell Some Operations to Departing CEO

April 01, 1998

Koll Real Estate Group Inc., facing further delays in its controversial housing development above the Bolsa Chica wetlands near Huntington Beach, said it plans to sell its nonresidential operations for $30 million to Chief Executive Donald M. Koll, who is leaving the company to form a new one. The funds will become a war chest for Koll Real Estate as it tries to finish decades of legal wrangling. The commercial business that Koll Real Estate is selling develops property for other companies.

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