200 S. Anaheim Blvd.
Suite #733
Anaheim, CA 92805
Tel: (714) 765-4544
Fax: (714) 765-5164
www.anaheim.net
CITY COUNCIL AGENDA REPORT
City of Anaheim
ECONOMIC DEVELOPMENT DEPARTMENT
DATE: MAY 21, 2024
FROM: ECONOMIC DEVELOPMENT DEPARTMENT
SUBJECT: PROFESSIONAL SERVICES AGREEMENTS FOR ON-CALL
COMMERCIAL REAL ESTATE BROKER AND CONSULTANT
SERVICES
ATTACHMENT (Y/N): YES ITEM # 18
GOVERNMENT CODE § 84308 APPLIES: YES
RECOMMENDATION:
That the City Council, by Motion,
1) Approve the Professional Services Agreements for on-call broker services to support current and future economic development activities by and between the City of Anaheim (City) and each of the following Consultant companies for an amount not to exceed $200,000 for a two-year term beginning July 1, 2024, with two additional two-year extensions with CBRE, Inc., Jones Lang LaSalle Brokerage, Inc. (JLL, Inc.), and Kosmont Real Estate Services dba Kosmont Realty and;
2) Authorize the City Manager or designee to execute, administer, and implement the Agreements on behalf of the City.
DISCUSSION:
The Economic Development Department solicited Requests for Proposals (RFP) for on- call broker services on September 28, 2023. Nine (9) firms submitted responses to the On-call Commercial Real Estate Broker and Consultant Services Request for Proposals on October 19, 2023. In accordance with the qualifications-based selection procurement specified in City Council Policy 4.1, the Department established a review panel consisting of staff from Economic Development, Housing & Community Development, and Public Works. The firms were evaluated based on overall experience, services available, and familiarity with relevant broker services and regulations related to property analysis and strategic planning related to the local market. Staff also evaluated each firm’s proposed fees for such services. A rating system was used to determine the most responsive proposals. The top three (3) firms are being recommended for approval.
For the top three (3) firms selected, the Department would like to enter into an agreement for each selected consultant with a not to exceed amount of $200,000 for a two-year term, with up to two additional two-year extensions. The Department will not exceed $200,000 for all brokerage services over the term of the contracts.
Professional Services Agreements for On-Call Commercial Real Estate Broker and Consultant Services May 21, 2024
The Economic Development Department has numerous projects underway and forthcoming that will require broker services to provide services including but not limited to the purchase, sale, or acquisition of real properties owned by the City, real estate services (broker opinion of value), market analysis, strategy development, and asset management.
These agreements will ensure uninterrupted implementation of the current prospects in the pipeline and future projects as needed.
IMPACT ON BUDGET:
The funds for these agreements are available in the Economic Development Department’s budget.
Respectfully Submitted,
Sergio M. Ramirez
Director of Economic Development
Attachments:
1. Professional Services Agreement – CBRE, Inc.
2. Professional Services Agreement – Jones Lang LaSalle Brokerage, Inc. (JLL, Inc.)
3. Professional Services Agreement – Kosmont Real Estate Services dba Kosmont Realty