City of Riverside PlanetBids #RFP No. 2498

Commercial Property Management Services For Mission Square Building

The City of Riverside, through its Community & Economic Development agency, awarded a contract to G&E Real Estate Management Services, Inc. dba Newmark, for comprehensive commercial property management services at the Mission Square Building located at 3750 University Avenue, Riverside, CA. The contract involves managing a 127,533-square-foot office building with 489 parking stalls, including leasing services for retail and office space. The award was made following a proposal process that closed on September 4, 2025, with the contract period starting February 1, 2026, and initially lasting five years with an option to extend for an additional five years. The procurement was conducted by the Riverside Public Utilities Department, and the project falls under the 'local' category. The contract includes services such as general management, maintenance, financial duties, leasing support, tenant relations, and capital improvements oversight. The awardee is expected to provide detailed reports, ensure compliance with safety and building codes, and coordinate minor repairs and maintenance, with major capital improvements exceeding $25,000 managed by the City.

Description

The City of Riverside, through its Community & Economic Development agency, awarded a contract for commercial property management services for the Mission Square Building located at 3750 University Avenue, Riverside, CA. The solicitation number is RFP No. 2498. The awarded firm is G&E Real Estate Management Services, Inc. dba Newmark. The contract involves managing a 127,533 square feet office building with 489 parking stalls, including leasing services for retail/office space. The award was made on January 27, 2026, following a proposal process that closed on September 4, 2025.

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