Koll Real Estate Group Inc.: The Newport...

Koll Real Estate Group Inc.: The Newport Beach real estate development services company incurred a net loss of $4.4 million, or 10 cents a share, for the third quarter, compared with a year-ago net loss of $2.1 million, or 5 cents per share. The 1993 period included income from discontinued operations totaling $2.7 million. Revenue rose to $8.4 million from $2.2 million. The company said the increase reflects residential home sales, a golf course sale at the company’s Wentworth By The Sea project in New Hampshire, and operations of the domestic real estate development business acquired from the Koll Co. in September, 1993. The company had a year-to-date net loss of $12.9 million, or 30 cents a share. That compares with a year-ago net loss of $44 million, or $1.11 a share, which included a charge of $36 million from an accounting change in the first quarter. Revenue climbed to $16.6 million from $3.3 million.