Title
Contract Award for Real Estate Sales and Brokerage Services for Citywide Projects (Ordinance S-43936)
Description
Request to authorize the City Manager, or his designee, to enter into contracts with the real estate salespersons and brokers listed below. Further request authorization for the City Controller to disburse funds related to this item.
Report
Summary
These contracts will provide the Finance Department Real Estate Division a Qualified Vendor List (QVL) for Real Estate Sales and Brokerage Services on an as-needed basis. The Real Estate Division contracts with real estate salespersons and brokers to assist in the disposition and leasing of City-owned property. Assignments will be made under a separate engagement letter based on qualifications that are required, specific to each property.
Procurement Information
The Finance Department released a Request for Qualifications (RFQ) for Real Estate Sales and Brokerage Services for Citywide Projects on May 24, 2016. The RFQ was conducted in accordance with Administrative Regulation 3.10. Ten proposals were received in response to the RFQ, nine of which were deemed responsive to the requirements of the RFQ.
The evaluation panel reviewed submittals according to the following qualification criteria set forth in the RFQ: qualifications of offeror, licensure of the offeror, and familiarity of the offeror with the local real estate market. The panel determined that nine offerors met the established criteria to provide Real Estate Sales and Brokerage services. The offerors are listed below in alphabetical order.
1. Berry Realty & Associates
2. Colliers International AZ, LLC
3. Colton Realty Ltd dba Colton Commercial
4. Cushman & Wakefield
5. Helix Properties, LLC
6. Jones Lang Lasalle
7. Tina Waggoner Real Estate Services
8. R.O.I. Properties
9. West USA Commercial Services
Contract Term
The five-year contract term shall begin on or about Oct. 15, 2017.
Financial Impact
The contracts are revenue generating. The firms will be compensated from the proceeds of the sale of excess City-owned land.
Department
Responsible Department
This item is submitted by City Manager Ed Zuercher and the Finance Department.