REAL ESTATE

CB Commercial Files for IPO: The Los Angeles-based real estate brokerage said it plans to go public with a stock offering of as much as $86.25 million. In its Securities and Exchange Commission filing, 90-year-old CB Commercial Holdings Inc. did not say how many shares it would sell or at what price. CB Commercial will use at least a portion of the funds to repay some of its $150 million of debt. Chairman and Chief Executive James Didion could not be reached for comment. The company, formerly Coldwell Banker Commercial Group Inc., has 137 offices in 32 countries and provides commercial real estate services through a network of brokers. It has nearly 4,000 employees. For the six months ended June 30, the company reported net income of $1.49 million, or 12 cents a share, contrasted with a net loss of $2.87 million for the year-ago quarter. Merrill Lynch & Co. and Montgomery Securities will underwrite the offering.