Redondo Beach Opengov #RFP/Q#2627-001

Waterfront Commercial Property Management Services for the City of Redondo Beach

The City of Redondo Beach is seeking a full-service manager for its waterfront commercial property portfolio. - Government buyer: City of Redondo Beach; Purchasing - Financial Services Department and Waterfront and Economic Development Department. - Portfolio: Approximately 60 commercial tenants and 24 storage units across Pier Plaza, International Boardwalk, Fisherman’s Wharf, Kincaid’s, Foss Maritime Company, R/10 Social House, Redondo Beach Marina Office, Riviera Mexican Cantina, Captain Kidd’s, California Surf Club, California Surf Club North Grill, and Pier Parking Structure Storage Units. The portfolio generates at least approximately $3.6 million in gross annual revenue and includes an additional 12,000-square-foot restaurant. The City may add or remove properties. - Services requested: Day-to-day property operations; lease, tenant, rent, and percentage-rent administration; income collection and trust-account management; financial records and monthly reporting; tenant communications; maintenance, repairs, vendor coordination, and security oversight; environmental compliance; annual budgeting and capital-needs assessment; and long-term asset stewardship. Marina management is excluded from this scope. - Notable requirements: Maintain a staffed on-site management office in Pier Plaza and provide the City full access to professional property-management software. Support gross-sales and percentage-rent reporting, transparent documentation of trust-account expenses, and migration of historical financial and tenant data. Comply with coastal-zone and water-quality requirements, including the City’s MS4 NPDES permit, and coordinate with separately selected brokerage and marina-operations firms. - Named companies and systems: ESRI (ArcGIS, the City’s current GIS platform); Yardi (used by incumbent manager Concord Companies). The City will provide access to GIS layers and asset data. - Performance term: An initial three-year agreement with an option to extend; the extension structure is not specified. The materials also describe a transition period of up to 30 days.

Description

The City of Redondo Beach is seeking qualified firms to provide full-service property management for its waterfront commercial portfolio, including approximately 60 commercial tenants and 24 supplemental storage units. Services include day-to-day operations, lease administration, financial management and reporting, tenant relations, vendor and maintenance coordination, environmental compliance, routine repairs, and long-term asset stewardship. The City may add or remove properties during the agreement, which is initially three years with an option to extend. The selected manager must coordinate with separately selected brokerage and marina-operations firms and comply with applicable coastal and water-quality requirements.

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