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
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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
Place of Performance
CA, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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