8-K

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                            Current Report Pursuant
                         to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934




      Date of Report (Date of earliest event reported) February 20, 1998


                          KOLL REAL ESTATE GROUP, INC.
              (Exact Name of Registrant as Specified in Charter)


                                   Delaware
                (State or Other Jurisdiction of Incorporation)

             0-17189                                 02-0426634
     (Commission File Number)          (I.R.S. Employer Identification No.)



4343 Von Karman Avenue, Newport Beach, California         92660
(Address of principal executive offices)                (Zip Code)


                                  (714) 833-3030
               (Registrant's Telephone Number, Including Area Code)


                                   Not Applicable
                          (Former Name or Former Address,
                           if Changed Since Last Report)



Item 5.  OTHER EVENTS

       On February 20, 1998, the Registrant issued a press release describing
the Registrant's plan to appeal the ruling of the San Diego Superior Court
that the California Coastal Commission did not fully comply with the 
requirements of the Coastal Act when it reconsidered the Bolsa Chica Local 
Coastal Program Amendment during a hearing in October 1997. A copy of the 
press release is attached hereto and is incorporated herein by reference.

Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

       (c)     Exhibits:
  
       Exhibit No.              Description
       -----------              -----------

       99.1              Press Release, issued February 20, 1998



                                        2.



                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
Registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.


                                   KOLL REAL ESTATE GROUP, INC.



Date:  February 24, 1998           By:  /s/ Raymond J. Pacini
                                       ----------------------------------
                                       Raymond J. Pacini
                                       Executive Vice President and
                                       Chief Financial Officer



                                        3.

EX-99.1

                               [KOLL LETTERHEAD]

NEWS RELEASE

Contacts: Raymond J. Pacini, Chief Financial Officer, 714-833-3030 X291
          Lucy Dunn, Senior Vice President, Koll Communities, Inc. 714-472-5800

                 KOLL REAL ESTATE GROUP, INC. INTENDS TO APPEAL
                           JUDGE'S RULING ON BOLSA CHICA


NEWPORT BEACH, California -- February 20, 1998 - Koll Real Estate Group, Inc. 
(NASDAQ:KREG) announced that it plans to appeal today's San Diego Superior 
Court ruling that the California Coastal Commission did not fully comply 
with the requirements of the Coastal Act when it reconsidered the Bolsa Chica 
Local Coastal Program Amendment. The Court's decision was based on its view 
that the Coastal Commission should not have limited the scope of public 
comments during the Commission's October 1997 hearing.

     According to Koll Communities' Senior Vice President Lucy Dunn, "The 
Company is obviously disappointed with the Court's ruling. During the 25-year 
Bolsa Chica planning process, the public has had ample opportunity to 
participate in a very long line of public hearings, meetings and workshops. 
We are confident that the California Coastal Commission acted appropriately 
in this matter. We intend to take this case to the Court of Appeals, as well 
as pursue all other available legal and administrative options."

     The Company indicated that the Court's ruling will delay the previously 
planned start of infrastructure construction this year; however, the Company 
is unable to predict the length of such delay at this time.

     Any forward looking statements in this press release involve risks and 
uncertainties. The Company's actual results could differ materially from those 
currently anticipated in any such forward looking statements because of many 
factors.

    KREG provides residential and commercial real estate development services 
on a national and international basis. The Company holds a large residential 
land inventory in Southern California. More information about Koll Real 
Estate Group is available on the Internet at WWW.KOLLREGROUP.COM.



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