Douglas Emmett, the owner and operator of high-quality office and multifamily properties in L.A., announced the terms for its IPO on Tuesday. The company plans to offer 55 million shares at a range of $19-$21, giving the deal a proposed market cap of $3.3 billion. Lehman Brothers, Merrill Lynch and Citigroup are set to manage the deal. Terms and timing have yet to be announced.
