REAL ESTATE
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. Sources said a merger would enable the two to reduce overhead costs.
For the record:
12:00 a.m. Feb. 22, 1996 For the Record
Los Angeles Times Thursday February 22, 1996 Home Edition Business Part D Page 2 Financial Desk 2 inches; 43 words Type of Material: Correction
Koll--Koll, a privately held Newport Beach-based real estate firm, is discussing a possible merger with Chicago-based LaSalle Partners, sources said. Publicly held Koll Real Estate Group, a different company, is not involved. A story in some Wednesday editions incorrectly identified the company.
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