REAL ESTATE

Koll Plans IPO: The Newport Beach-based national property manager is planning to raise $86.3 million through an initial public offering, according to a Securities and Exchange Commission filing. Koll, one of the more financially solid pieces of a business empire founded by local developer Donald M. Koll, has grown rapidly in recent years through acquisitions to become one of the nation’s 10 largest property managers. The company is unrelated to a separate Koll venture that has controversial plans to develop thousands of homes at Bolsa Chica in Huntington Beach, an environmentally sensitive area. Cash from the Koll stock offering would be used for expansion and to pay off debt. If the offering is completed, Koll will become Koll Real Estate Services.