City Council

10. 25-55253 Recommendation to adopt Specifications No. RFP ED-23-305 and award contracts to Blair Commercial Real Estate, Inc., of Long Beach, CA, Cushman & Wakefield of California, Inc., of Long Beach, CA, Jones Lang LaSalle Americas, Inc., of El Segundo, CA, Kidder Matthews, of El Segundo, CA, and Lee & Associates Commercial Real Estate Services, Inc., of Long Beach, CA, for providing as- needed real estate broker services, in an aggregate amount not to exceed $600,000, for a period of two years, with the option to renew for three additional one-year periods, at the discretion of the City Manager; and, authorize City Manager, or designee, to execute all documents necessary to enter into the contracts, including any necessary subsequent amendments; and Authorize City Manager, or designee, to execute listing agreements, and any other necessary documents, with Blair Commercial Real Estate, Inc., of Long Beach, CA, Cushman & Wakefield of California, Inc., of Long Beach, CA, Jones Lang LaSalle Americas, Inc., of El Segundo, CA, Kidder Matthews, of El Segundo, of El Segundo, CA, and Lee & Associates Commercial Real Estate, Inc., of Long Beach, CA, for the listing of City-owned property, as needed, for a period of two years, with the option to renew for three additional one-year periods, and a commission amount not to exceed six percent of the gross sales price. (Citywide) Office or Department: Economic Development Suggested Action: Approve recommendation.