Title
Real Estate Sales and Brokerage Services Contract - RFQu 25-0516 Request for Award (Ordinance S-52004) - Citywide
Description
Request to authorize the City Manager, or his designee, to enter into contracts with Capital Asset Management LLC; CBRE, Inc.; The Benjamin Group, L.L.C. dba City to City Commercial Real Estate; Colliers International Holdings (USA), Inc.; Colton Realty, LTD dba Colton Commercial; Erb Realty & Property Management, LLC; Jones Lang LaSalle Americas, Inc.; Myrick Property Group, LLC; Plaza del Rio Management Corp.; R.O.I. Properties, LLC; and West USA Realty, Inc., to provide Real Estate Sales and Brokerage Services for the Finance Department. Further request to authorize the City Treasurer to accept, and the City Controller to disburse, all funds related to this item.
Report
Summary
This contract will provide the Finance Department's Real Estate Division with a Qualified Vendor List (QVL) for Real Estate Sales and Brokerage Services necessary for the completion of sales, leasing and disposition of City-owned property. Assignments with vendors will be on an as-needed basis and based on required qualifications specific to each property.
Procurement Information
A Request for Qualifications procurement was processed in accordance with Administrative Regulation 3.10 to establish a Qualified Vendor List (QVL).
Eleven offerors submitted qualifications and 11 were deemed to be responsive and responsible. The procurement officer evaluated those offers as a pass or fail based on the following minimum qualifications:
- Experience
- Qualifications
- Knowledge of Market
The procurement officer recommends award to the following offerors:
- Capital Asset Management LLC
- CBRE, Inc.
- The Benjamin Group, L.L.C. dba City to City Commercial Real Estate
- Colliers International Holdings (USA), Inc.
- Colton Realty, LTD dba Colton Commercial
- Erb Realty & Property Management, LLC
- Jones Lang LaSalle Americas, Inc.
- Myrick Property Group, LLC
- Plaza del Rio Management Corp.
- R.O.I. Properties, LLC
- West USA Realty, Inc.
Contract Term
The contracts will begin on or about July 1, 2025, for a five-year term with no options to extend.
Financial Impact
This is a revenue generating CCR. The firms will be compensated from the proceeds of sale or lease of City-owned property.
Department
Responsible Department
This item is submitted by City Manager Jeffrey Barton and the Finance Department.