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BUSINESS
June 15, 1993 | DAVID TOBENKIN, SPECIAL TO THE TIMES
Koll Co. said Monday it has agreed to acquire a Chicago property management company and merge it with its own Koll Management Services subsidiary, making it the nation's third-largest property manager. The merger with Rubloff Inc. will add 30 million square feet of office buildings and other properties to the 70 million square feet already managed by Koll Management Services in Newport Beach.
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BUSINESS
July 4, 1993
Koll Management Services said it has completed its previously announced deal with Chicago commercial developer Rubloff Inc. and has formed a new division, Koll/Rubloff Chicago, to provide property management and corporate real estate services in the Midwest, Southeast and Southwest. Rubloff owns or manages 88 buildings in 14 cities.
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BUSINESS
July 4, 1993
Koll Management Services said it has completed its previously announced deal with Chicago commercial developer Rubloff Inc. and has formed a new division, Koll/Rubloff Chicago, to provide property management and corporate real estate services in the Midwest, Southeast and Southwest. Rubloff owns or manages 88 buildings in 14 cities.
BUSINESS
June 15, 1993 | DAVID TOBENKIN, SPECIAL TO THE TIMES
Koll Co. said Monday it has agreed to acquire a Chicago property management company and merge it with its own Koll Management Services subsidiary, making it the nation's third-largest property manager. The merger with Rubloff Inc. will add 30 million square feet of office buildings and other properties to the 70 million square feet already managed by Koll Management Services in Newport Beach.
BUSINESS
July 28, 1993 | Debora Vrana Times correspondent
Koll Directors Reelected: Koll made his REIT remarks Tuesday after the annual meeting of Koll's management services subsidiary. Shareholders at the meeting reelected the company's seven-member board of directors for another year. KMS expects to release its latest quarterly results in the next two weeks and possibly as early as Friday, said William Rothe, chief operating officer of the subsidiary.
BUSINESS
May 10, 1994 | DEBORA VRANA, SPECIAL TO THE TIMES
Koll Management Services Inc., one of the nation's largest managers of commercial property, said its revenue increased 46% in fiscal 1994. The Newport Beach-based company attributed its revenue boost to the acquisition of Rubloff Inc., a Chicago property manager, which added 30 million square feet of properties, boosting its current portfolio to about 120 million square feet in more than 600 properties nationwide. For the year ending March 31, Koll revenue was $56.7 million, compared to the $38.
BUSINESS
November 2, 1993 | DEBORA VRANA, SPECIAL TO THE TIMES
Koll Management Services Inc. said Monday that its revenue increased 50% for the latest quarter and that earnings were up 21%. The Newport Beach property management company reported revenue of $14.7 million for its fiscal second quarter ended Sept. 30. That contrasted with revenue of $9.8 million for the same period a year earlier. Profit was $689,000, or 21 cents a share, up from earnings of $570,000, or 17 cents a share, a year earlier.
BUSINESS
February 21, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Koll, the large Newport Beach property manager, is discussing a possible merger with LaSalle Partners, a major property management firm in Chicago, sources said. A merger between LaSalle and Koll, a privately held firm that manages more than 600 properties nationwide, would create one of the nation's biggest such companies. If the merger goes through, the new company would consider becoming public, sources said.
BUSINESS
June 3, 1994 | DEBORA VRANA, TIMES STAFF WRITER
The Los Angeles investment firm of Freeman Spogli & Co. has offered to buy a 48% stake in Koll Management Services as part of a $23.6-million deal that would take the nation's second-largest industrial and office property manager private. Officials at Koll Management, based in Newport Beach, said Thursday that the buyout would enable the firm to continue an aggressive acquisition campaign. Purchases of other property management companies, such as Rubloff Inc.
BUSINESS
June 3, 1994 | DEBORA VRANA, TIMES STAFF WRITER
The Los Angeles investment firm of Freeman Spogli & Co. has offered to buy a 48% stake in Koll Management Services as part of a $23.6-million deal that would take the nation's second-largest industrial and office property manager private. Officials at Koll Management, based in Newport Beach, said Thursday that the buyout would enable the firm to continue an aggressive acquisition campaign. Purchases of other property management companies, such as Rubloff Inc.
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