Redondo Beach Opengov #RFP/Q#2627-002

Waterfront commercial real estate brokerage and leasing services

The City of Redondo Beach seeks a brokerage firm to market and manage leasing for its waterfront commercial portfolio. - Government buyer: City of Redondo Beach, Purchasing Department; the Waterfront and Economic Development Department is identified as the program office. - Portfolio: Approximately 61 restaurant, retail, and office leaseholds across Pier Plaza, International Boardwalk, and Fishermans Wharf, plus marine-related tenants. The portfolio generates approximately $2.58 million in average annual gross revenue; the City may add or remove properties. - Requested services: Marketing strategy and broker outreach; marketing materials and listings; market analysis and leasing strategy; data and market intelligence; vacancy reporting; lease negotiation and transaction management; and financial management and revenue monitoring. - Notable requirements: Coordinate with City staff, separately designated property-management and marina-operations firms, and outside real estate counsel. The brokerage scope excludes day-to-day building operations, tenant or concierge services, and marina operations. The portfolio is in the California Coastal Zone and is subject to the City's Local Coastal Program and California Coastal Commission jurisdiction. - OEMs and named vendors: No OEMs, brokerage firms, or other commercial vendors are named in the notice.

Description

The City of Redondo Beach seeks qualified real estate brokerage firms or teams to provide marketing, leasing, and lease transaction management services for its waterfront commercial portfolio. The portfolio includes approximately 61 commercial leaseholds across restaurant, retail, and office uses, with approximately $2,580,000 in average annual gross revenue. Services include marketing strategy and outreach, market analysis, vacancy reporting, lease negotiations and transaction management, and financial management and revenue monitoring. The selected firm will enter an initial three-year agreement with an option to extend; proposals are submitted electronically through the City’s OpenGov procurement portal.

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