CALIFORNIA | LOCAL
March 4, 1998 |
In a move that may further delay a controversial proposal to build 1,234 homes on the Bolsa Chica mesa, the City Council this week decided to stop processing further permit requests from the developer. The council's decision follows a recent Superior Court ruling that will delay the Koll Real Estate Group project for at least a year.
May 27, 1998 |
For the sixth time in the past year, Koll Development Co. has invested in Carlsbad, this time paying $22 million to build a speculative office park. The Newport Beach-based real estate developer recently acquired 12 acres of the Carlsbad Ranch from the Carltas Co. The new site, expected to open in September, will feature the Ocean Terrace Corporate Center, a 184,000-square-foot project consisting of one office building and three research and development structures.
June 25, 1997 |
Koll Real Estate Group Inc. said Tuesday it is extending its offer to exchange common stock for about $200 million in outstanding debentures. Koll Real Estate, which provides residential and commercial development services, said it extended the offer to obtain tenders from the minimum 90% needed to complete the transaction. The company had received tenders for about 68% of the debentures by the Monday deadline.
August 10, 1996 |
Koll Real Estate Group, owner and would-be developer of the environmentally sensitive Bolsa Chica tract, added to its growing string of losses Friday with a $6.7-million deficit for the second quarter. The report brings the publicly traded firm's losses for the first half of 1996 to $14.6 million. In the past 3 1/2 years, the Newport Beach residential and commercial development arm of the Koll company has lost $163.8 million.
February 21, 1996 |
Koll in Merger Talks: The Newport Beach-based real estate firm, one of the nation's largest property management companies, is discussing a possible merger with Chicago-based LaSalle Partners, another major property management firm, sources said. A merger between privately held Koll Real Estate Group, which manages more than 600 properties nationwide, and LaSalle would create one of the nation's biggest property managers. Neither company would confirm the discussions.
July 3, 1996 |
Newport Beach-based Koll Real Estate Group has sold the 161-acre Rancho San Pasqual Golf Club for more than $6 million to the Cobblestone Golf Group of Del Mar, a leading owner and operator of golf courses. The golf course is the centerpiece for Koll's 872-acre Rancho San Pasqual gated residential community in San Diego. Recently, Koll Real Estate acquired a 20-acre site in Phoenix to build a four-story headquarters for PETsMART Inc. a Phoenix-based company that operates pet supply superstores.