Besides increasing its acquisition staff, Woo says, the companyhas stepped up its efforts to acquire multi-tenant industrial andoffice properties in its existing markets in California, Arizona,Nevada, Texas, Colorado and Utah as well as its expansion into theNorthern California and the Pacific Northwest. Koll/PER LLC alreadyowns approximately 5.9 million sf of multi-tenant space, mostlylight industrial business parks and suburban/garden-style officebuildings.

"While some commercial real estate investors are choosing to siton the sidelines waiting for the bottom of the market, the Koll Co.is actively looking for deals," Woo says. Woo says that Koll islooking for well-located, small-tenant incubator properties in theprice range of $10 million and up. He notes that these types ofvalue-added and core-plus properties have been a staple of the KollCo. since it was founded in 1962 by Donald M. Koll, one of thefirm's three managing principals.

Funding for the Koll/PER LLC acquisitions is provided by thePublic Employee Retirement System of Idaho (Persi), which isadvised by CS Capital Management. Persi provides Koll/PER withdiscretionary approval on acquisitions," Woo notes, so the NewportBeach firm has the capability to close deals quickly.