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) May 1, 1998


                      CALIFORNIA COASTAL COMMUNITIES, 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)


                            KOLL REAL ESTATE GROUP, INC.
                          (Former Name or Former Address,
                           if Changed Since Last Report)



Item 5.  OTHER EVENTS

       On May 1, 1998 the Registrant changed its name from "Koll Real Estate 
Group, Inc." to "California Coastal Communities, Inc." The name change was 
effected through the merger of the Registrant and a wholly-owned subsidiary.

Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

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

       3                Certificate of Ownership and Merger dated May 1, 1998 
                        merging California Coastal Communities, Inc. into Koll
                        Real Estate Group, Inc.



                                        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.


                                   CALIFORNIA COASTAL COMMUNITIES, INC.
                                   (formerly Koll Real Estate Group, Inc.)



Date:  May 1, 1998                By:  /s/ Raymond J. Pacini
                                       ----------------------------------
                                       Raymond J. Pacini
                                       Chief Executive Officer



                                        3.

EX-3

                         CERTIFICATE OF OWNERSHIP AND MERGER
                                       MERGING
                         CALIFORNIA COASTAL COMMUNITIES, INC.
                                         INTO
                             KOLL REAL ESTATE GROUP, INC.
                       (PURSUANT TO SECTION 253 OF THE GENERAL
                             CORPORATION LAW OF DELAWARE)



     The Koll Real Estate Group, Inc., a Delaware Corporation (the
"Corporation"), does hereby certify that:

     FIRST:  That the Corporation is incorporated pursuant to the General
Corporation Law of the State of Delaware.

     SECOND:  That the Corporation owns all of the issued and outstanding
capital stock of California Coastal Communities, Inc., a Delaware Corporation
("CCCI").

     THIRD:  That the Corporation, through resolutions duly adopted by its Board
of Directors through action taken by unanimous written consent dated April 24,
1998, approved and adopted the merger (the "Merger") of CCCI into the
Corporation, on the conditions set forth in the following resolutions:

          RESOLVED, that the Corporation incorporate California Coastal
     Communities, Inc., a Delaware corporation ("CCCI"), and thereafter
     merge CCCI into the Corporation (the "Merger") subject to the
     following conditions: (i) the Corporation shall remain as the
     surviving corporation of the Merger; (ii) upon effectiveness of the
     Merger, the separate corporate existence of CCCI shall cease and its
     outstanding capital stock shall be cancelled; (iii) the Merger shall
     not affect the number of outstanding shares of capital stock of the
     Corporation; and (iv) the Corporation shall assume all of CCCI's
     liabilities and obligations;

          RESOLVED FURTHER, that the Corporation's name shall be changed to
     California Coastal Communities, Inc. upon the filing of the
     Certificate of Ownership and Merger (the "Certificate") and that the
     Corporation's Restated Certificate of Incorporation be amended by
     deleting Article FIRST in its entirety and replacing it with the
     following Article FIRST:

        "The name of the corporation is California Coastal Communities, Inc."

          RESOLVED FURTHER, that the Chief Executive Officer and the Chief
     Financial Officer of the Corporation be, and they hereby are,
     authorized and directed to make, execute and acknowledge the
     Certificate setting forth the resolutions to merge CCCI into the
     Corporation, to assume CCCI's liabilities and obligations, and to file
     the Certificate in the office of the Secretary of State of Delaware.

                                      1



     IN WITNESS WHEREOF, the Corporation has caused its corporate seal to be
affixed and this Certificate to be signed by Raymond J. Pacini, its Chief
Executive Officer, and Sandra Sciutto, its Chief Financial Officer, this 1st day
of May, 1998.


                                   KOLL REAL ESTATE GROUP, INC.


                                   By  /s/ RAYMOND J. PACINI  
                                       --------------------------
                                       Raymond J. Pacini
                                       Chief Executive Officer



ATTEST:


By /s/ SANDRA SCIUTTO      
   ----------------------------
    Sandra Sciutto
    Chief Financial Officer


                        [SEAL]

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