City Council

10. 25-55253 Recommendation to adopt Specifications No. RFP ED-23-305 and award contracts\nto Blair Commercial Real Estate, Inc., of Long Beach, CA, Cushman & Wakefield of\nCalifornia, Inc., of Long Beach, CA, Jones Lang LaSalle Americas, Inc., of El\nSegundo, CA, Kidder Matthews, of El Segundo, CA, and Lee & Associates\nCommercial Real Estate Services, Inc., of Long Beach, CA, for providing as-\nneeded real estate broker services, in an aggregate amount not to exceed\n$600,000, for a period of two years, with the option to renew for three additional\none-year periods, at the discretion of the City Manager; and, authorize City\nManager, or designee, to execute all documents necessary to enter into the\ncontracts, including any necessary subsequent amendments; and\nAuthorize City Manager, or designee, to execute listing agreements, and any other\nnecessary documents, with Blair Commercial Real Estate, Inc., of Long Beach, CA,\nCushman & Wakefield of California, Inc., of Long Beach, CA, Jones Lang LaSalle\nAmericas, Inc., of El Segundo, CA, Kidder Matthews, of El Segundo, of El\nSegundo, CA, and Lee & Associates Commercial Real Estate, Inc., of Long Beach,\nCA, for the listing of City-owned property, as needed, for a period of two years, with\nthe option to renew for three additional one-year periods, and a commission\namount not to exceed six percent of the gross sales price. (Citywide)\nOffice or Department: Economic Development\nSuggested Action: Approve recommendation.