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Koll Real Estate Group Ltd

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CALIFORNIA | LOCAL
February 13, 1994 | DAVID HALDANE, TIMES STAFF WRITER
The place looks like little more than an abandoned work site now. On a windy winter day, the heavy smell of damp earth rises from the ground. And amid an array of metal storage trailers, the landscape is dotted with piles of loosened dirt. It wasn't always that way. Once, archeologists believe, this 7.4-acre site near the Bolsa Chica wetlands was a large village teeming with the life and culture of an ancient civilization.
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BUSINESS
July 24, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Kollstar Golf Co. in Newport Beach said Thursday it purchased seven golf courses on the southwest coast of Florida from National Fairways LP, a deal that more than doubles the size of its golf operations. Kollstar owns two golf courses at Houston Oaks Golf Club in Houston and manages three others: MetroWest Country Club in Orlando, Florida; the Ocean Course at Cabo del Sol, a golf resort community in Los Cabos, Mexico; and Palmilla Golf Club, also in Los Cabos.
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BUSINESS
February 18, 1998 | E. Scott Reckard
Two big financial companies have disclosed that they acquired major stakes in Koll Real Estate Group Inc. during the company's reorganization in September. In a Securities and Exchange Commission filing Tuesday, Credit Suisse First Boston said it owns 918,761 shares, or 7.7%, of the Newport Beach company's common stock. In a similar filing recently, Merrill Lynch & Co. said it owns 1,038,259 shares, or 8.7%, of the common stock. The investment houses were major holders of Koll Realty bonds.
BUSINESS
May 27, 1998 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670, and at daryl.strickland@latimes.com
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.
CALIFORNIA | LOCAL
March 4, 1998 | JULIO V. CANO
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.
BUSINESS
May 27, 1998 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670, and at daryl.strickland@latimes.com
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.
BUSINESS
June 25, 1997 | (Dow Jones)
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.
BUSINESS
August 10, 1996 | JOHN O'DELL, TIMES STAFF WRITER
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.
BUSINESS
February 21, 1996 | Times Staff and Wire Reports
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.
BUSINESS
July 3, 1996 | DEBORA VRANA
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.
BUSINESS
May 14, 1998
California Coastal Communities, developer of the controversial housing project at the Bolsa Chica wetlands near Huntington Beach, said it broke even for the first quarter. The Newport Beach company, formerly known as Koll Real Estate Group, said its income from discontinued operations was offset by general and administrative expenses.
CALIFORNIA | LOCAL
May 6, 1998 | DEBORAH SCHOCH
A local developer this week failed to convince an appeals court to immediately take up the question of whether a state panel incorrectly approved a 1,235-home development next to the fragile Bolsa Chica wetlands near Huntington Beach. A Superior Court judge earlier ruled that the state Coastal Commission improperly approved the development, which could delay the project for as much as a year or more.
BUSINESS
May 1, 1998 | Times Wire Services
Developer Donald M. Koll completed his move Thursday to sever ties with Koll Real Estate Group Inc., developer of a controversial housing project at the Bolsa Chica wetlands near Huntington Beach. Koll and a financial backer acquired the commercial operations of Koll Real Estate for $33.4 million plus the assumption of debt.
BUSINESS
April 1, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
Developer Donald M. Koll, who waged an 8-year battle to build a housing project at the Bolsa Chica wetlands, said Tuesday he is severing his ties with the controversial development. Koll plans to resign as chief executive of Bolsa Chica developer Koll Real Estate Group Inc. The company, which is facing further delays in the 1,235-home project, plans to sell its nonresidential operations for $30 million to a group led by Koll.
BUSINESS
April 1, 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.
CALIFORNIA | LOCAL
March 4, 1998 | JULIO V. CANO
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.
CALIFORNIA | LOCAL
March 8, 1996 | DEBORAH SCHOCH, TIMES STAFF WRITER
A federal study of possible oil field contamination at the Bolsa Chica wetlands warns that costly tests and cleanup may be needed before the oceanside swath of rare birds, salt marshes and oil pumps could be restored as a federal wildlife refuge. The study further clouds the future of Bolsa Chica, a wetlands next to Huntington Beach that has spawned acrimonious debate because of plans for a 3,300-home development in the area.
CALIFORNIA | LOCAL
March 29, 1996 | DEBORAH SCHOCH, TIMES STAFF WRITER
Hard-fought plans for a housing development at the Bolsa Chica wetlands must undergo a new round of environmental scrutiny, under a judge's order issued Thursday in a lawsuit brought by project critics. Although Orange County government must review the project again, the order appears to be less sweeping than environmentalists had hoped.
BUSINESS
February 18, 1998 | E. Scott Reckard
Two big financial companies have disclosed that they acquired major stakes in Koll Real Estate Group Inc. during the company's reorganization in September. In a Securities and Exchange Commission filing Tuesday, Credit Suisse First Boston said it owns 918,761 shares, or 7.7%, of the Newport Beach company's common stock. In a similar filing recently, Merrill Lynch & Co. said it owns 1,038,259 shares, or 8.7%, of the common stock. The investment houses were major holders of Koll Realty bonds.
BUSINESS
January 14, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
Call it crazy, or at least a case of bold timing, but Koll Real Estate Group of Newport Beach is launching its first development venture in Malaysia in the midst of Southeast Asia's financial crisis. Koll officials said Tuesday that they had formed a partnership with one of the country's largest agricultural conglomerates, Kumpulan Guthrie Berhad, to develop a 142-acre business park dubbed Guthrie Aerospace Park, in Kuala Lumpur.
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