Real Estate Brokerage Services: Sale of Cascade Station Leased Parcels D, E, and G

Prosper Portland, the economic development agency for the City of Portland, Oregon, is seeking qualified real estate brokers to provide comprehensive brokerage services for the sale of three vacant leased parcels—D, E, and G—at NE Cascades Parkway in Portland, known collectively as Cascade Station. These properties are targeted for future retail development, and the selected broker will act as the agency’s exclusive representative to market, negotiate, and facilitate their sale. The scope of work includes developing and executing a targeted marketing strategy, actively soliciting interest from qualified buyers and developers, conducting property showings, screening prospects using established criteria, preparing state and local compliance disclosures, submitting all written offers to Prosper Portland for review, and documenting all client interactions and activities. The broker may not represent any potential buyer or tenant without prior written consent from the agency and is not responsible for guaranteeing the financial capacity or lease obligations of any prospective party. Compensation will be structure as a fixed percentage of the gross sale price and/or total rent from executed leases, with all other costs of performance borne by the broker. The evaluation of proposals will be based on three weighted factors: the lead broker’s track record in similar transactions (40 points), the effectiveness of the proposed marketing strategy (30 points), and the competitiveness of the commission fee (30 points), with award based on best overall value, benefit, convenience, cost-competitiveness, and service. Proposers must demonstrate experience in commercial real estate transactions comparable in scale and complexity to these parcels and provide at least three relevant client references. A strong emphasis is placed on diversity, equity, inclusion, and belonging, requiring detailed descriptions of initiatives to advance opportunities for Black, Indigenous, and people of color, as well as other historically marginalized groups within the real estate industry, and documented experience working with small and BIPOC-owned businesses. Brokers must disclose any competing or conflicting assignments and outline how they will be managed. The solicitation requires adherence to federal nondiscrimination standards under 49 CFR Part 21 and disadvantaged business enterprise participation requirements under Part 23, and compliance with Oregon workers’ compensation laws and automobile liability insurance standards, including $1 million per accident coverage and indemnification of the Port against claims. All proposals must be submitted electronically through Prosper Portland’s Bid Locker portal by the deadline of June 4, 2026, with clarifying questions due by May 29, 2026. Prosper Portland will execute the engagement using its standard broker agreement, and the selected firm will be required