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This Solicitation opportunity from California was posted on July 2, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Property Management Services

Closed
223821State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 561110
New
SLED
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Department of Economic Development

POSTED

2 days ago

DEADLINE

in 16 days

AI Contract Overview

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The Los Angeles City Employees’ Retirement System (LACERS) is seeking a qualified property management firm to oversee the daily operations of its headquarters located at 977 North Broadway in Los Angeles. The contract involves managing a five-story, 65,000-square-foot building with underground parking, ensuring compliance with legal, safety, and ethical standards, and maintaining positive tenant relationships. The selected firm will handle financial responsibilities such as budgeting, financial reporting, rent collection, and capital expenditures, while also supervising staff and engaging outside vendors through competitive bidding processes, with a preference for unionized vendors. The property manager will be responsible for maintaining all property-related agreements, overseeing maintenance and repairs, and serving as project manager for construction or renovation projects beyond routine upkeep. They will also ensure contractor performance and compliance, support audits, and produce GAAP-compliant financial reports, including tax documents. The firm must act in a fiduciary capacity, providing high-quality service comparable to similar buildings, and maintain proactive communication with LACERS through regular updates. The contract size ranges from $500,000 to $1.5 million, with a response deadline of September 5, 2025, and the point of contact is Kristen Szanto.

General Info

Agency

California → Employees Retirement System, Los Angeles City

Place of Performance

CA, USA

Set-Aside

NONE

Documents

0

No documents available

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

Deadline has passed

Submission Closed

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Organization & Contact Information

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AgencyCalifornia → Employees Retirement System, Los Angeles City
Contacts1 person available
OfficeN/A
Organization / Agency
California → Employees Retirement System, Los Angeles City
Office AddressN/A
Contacts
Kristen Szanto

Full Description

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The Los Angeles City Employees’ Retirement System (LACERS) seeks a qualified property management firm to oversee day-to-day operations at its headquarters, located at 977 North Broadway, Los Angeles - a five-story 65,000 square feet facility with 3 levels of underground parking. The selected Property Manager (PM) will ensure compliance with all legal, safety, and ethical standards, maintain tenant relationships, and manage financial reporting, budgeting, and capital expenditures. Responsibilities include hiring and supervising staff, maintaining an on-site office, and engaging outside vendors through competitive bidding, with a preference for unionized firms. The PM will provide monthly, quarterly, and annual financial reports, manage leases, collect rent, and ensure timely maintenance and repairs. Additionally, the PM may serve as project manager for construction projects beyond routine maintenance and will oversee contractor performance and compliance. The PM must maintain all property-related agreements and cooperate with audits. Financial management duties include maintaining operating accounts, producing GAAP-compliant reports, and issuing necessary tax documents. The PM will act in a fiduciary capacity, ensuring high standards of service aligned with buildings of similar class and quality, while providing LACERS with timely updates and proactive communication.

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