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This Solicitation opportunity from Rhode Island was posted on January 24, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Sale of Town owned Real Estate property

Closed
25123State & Local

Contract Overview

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

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NAICS: 531210
SLED
RFP/Q#2626-002 Waterfront Real Estate Brokerage Services
Solicitation # 2627-002
The City of Redondo Beach is soliciting proposals for professional real estate brokerage services to manage a diverse portfolio of waterfront commercial properties, including Pier Plaza, International Boardwalk, and Fisherman’s Wharf. The portfolio comprises approximately 61 commercial leaseholds across restaurant, retail, and office uses, generating an average annual gross revenue of $2,580,000. The selected firm will be responsible for marketing outreach, market analysis, property tours, lease negotiations, and transaction management. A primary objective is to maximize occupancy and transition tenants from month-to-month agreements into formal leases while curating a tenant mix that supports the economic vitality of the Pier and surrounding coastline. These properties are located within the California Coastal Zone and are subject to the jurisdiction of the California Coastal Commission and the City's Local Coastal Program. The contract is envisioned as an initial three-year agreement with an option to extend. The selected brokerage firm will report directly to the City and must coordinate with separate Property Management and Marina Operations firms. Key requirements include providing a Marketing Strategy Plan, a Program Management Plan, and detailed monthly reports on leasing activity and commission payments. All financial records must be GAAP-compliant, and all assigned staff must hold valid California real estate licenses. The City will evaluate proposals based on a 100-point scale, weighing technical proposals and past performance equally, with favorable consideration given to proposed innovations and bundled service efficiencies. Contractors must adhere to strict compliance standards, including California Labor Law regarding prevailing wages, non-discrimination laws, and specific insurance requirements. The City maintains the right to cancel the contract without cause upon thirty days' written notice. Performance will be measured against specific quality standards, such as preparing leasing materials for 95% of new vacancies within five business days and maintaining 100% listing accuracy. Proposals must be submitted electronically in PDF format by October 28, 2026, and must include a detailed cost proposal and commission structure.
Purchasing

POSTED

10 days ago

DEADLINE

in 27 days

General Info

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Timeline

PhaseClosed
Posted

Solicitation

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Submission Closed

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Organization & Contact Information

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AgencyRhode Island → Town of Smithfield
Contacts1 person available
OfficeN/A
Office AddressN/A
Contacts
Carlos Santos

Full Description

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25123 - Sale of Town-Owned Real Estate. United States, Rhode Island, Providence County, Smithfield. The Town of Smithfield is inviting proposals for the sale of municipal property situated at 321 George Washington Highway, Smithfield, RI. This location is identified as Tax Assessor’s Plat 48, Lot 51 in the Town of Smithfield, RI.

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