Koll Co. Reorganizes Into 3 Corporate Groups, Each With Its Own President : REAL ESTATE

The Koll Co., a large Newport Beach-based developer and builder of offices and industrial buildings, said it has reorganized into three new corporate groups, each headed by a new president.

Ed Griffin was made president of the Financial Services Group, in charge of relations with the insurance companies and pension funds that are Koll’s partners in real estate projects.

J. Harold Street was named president of the Development Services Group, responsible for developing and marketing new offices and industrial buildings.

Ray Wirta was named president of the Management Services Group, in charge of acquiring properties and managing the company’s $3 billion worth of real estate.

“We are now structured to be aggressively entrepreneurial within a corporate framework,” said Chairman and Chief Executive Officer Donald M. Koll in a statement.