Beverly Hills

City Council

February 06, 2024 City Council Consent Calendar #14

Agenda Item 14

14. LEASE TERMINATION AND SETTLEMENT/RELEASE AGREEMENT WITH\nGOOGLE, LLC AT 331 FOOTHILL ROAD; AND\nA BROKER LEASING & COMMISSION AGREEMENT BY AND BETWEEN\nTHE CITY OF BEVERLY HILLS AND CUSHMAN & WAKEFIELD OF\nCALIFORNIA, INC. FOR LEASING OF SUITE 400 AT 331 FOOTHILL ROAD.\nComment: Staff recommends City Council approve the Lease Termination and\nSettlement/Release Agreement with Google, LLC at 331 Foothill Road, and the\nBroker Leasing & Commission Agreement with Cushman & Wakefield of California,\nInc. for leasing of Suite 400 at 331 Foothill Road. The termination agreement will\nterminate the lease with Google, LLC effective January 14, 2024. The broker\nagreement will engage broker services for marketing and leasing the space Google,\nLLC is to vacate.