TITLE
Recommendation to authorize City Manager, or designee, to execute any and all documents necessary to amend agreements with Anderson Real Estate Group, of Long Beach, CA; Coldwell Banker Commercial Blair WestMac, of Long Beach, CA; Cushman and Wakefield of California, Inc., of Long Beach, CA; Jones Lang LaSalle, of El Segundo, CA; and Lee & Associates, of Long Beach, CA, for as-needed real estate broker services, to extend the contract term by one year; and
Authorize City Manager, or designee, to execute listing agreements, and any other necessary documents, with Anderson Real Estate Group, Coldwell Banker Commercial Blair WestMac, Cushman and Wakefield of California, Inc., Jones Lang LaSalle, and Lee & Associates, for the listing of City-owned property, as needed, and for a commission amount not to exceed six percent of the gross sales price. (Citywide)
DISCUSSION
On August 21, 2018, the City Council adopted Specifications No. RFP EP18-078 for as-needed real estate broker services and authorized agreements with Anderson Real Estate Group, Coldwell Banker Commercial Blair WestMac, Cresa Los Angeles of Los Angeles, Cushman and Wakefield of California, Inc., Jones Lang LaSalle, and Lee & Associates - Long Beach, to provide said services. City Council also authorized the City Manager to execute listing agreements for the listing of City-owned property, as needed, and for a commission amount not to exceed six percent of the gross sales price. Historically, the City of Long Beach (City) uses outside firms on an as-needed basis to supplement City staff with necessary real estate broker services for the listing of City-owned property for sale, the purchase of property listed on the open market, and for the leasing of privately-owned property for use by City departments and programs. All current agreements expired on June 30, 2023.
The City currently has several acquisitions and dispositions either in process or scheduled to commence within the next 12 month...
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