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City of Corona·California

The Hub Property Management Services

Closes 3/2/2026$2M – $4MRequest for Proposal
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Description

The City of Corona is seeking a qualified property‑management firm to provide full‑service management of a portfolio of commercial properties known as “The Hub.” The contract will cover daily operations, tenant relations, maintenance coordination, financial administration, leasing support, and oversight of capital‑improvement projects for a group of nine downtown sites. The firm must be DIR‑registered, comply with California prevailing‑wage rules, carry extensive insurance, and submit a detailed hourly‑rate fee proposal. The award will be a five‑year professional services agreement with an optional five‑year renewal. • Manage day‑to‑day operations, lease enforcement, tenant communications, and 24‑hour response to service requests. • Coordinate routine and emergency maintenance, landscaping, janitorial, and code‑compliance activities. • Provide monthly financial reporting, rent collection, budgeting, trust‑account handling, and assistance with capital‑improvement planning. • Meet strict compliance requirements: prevailing‑wage registration, minimum insurance limits, safety‑record disclosures, and non‑collusion certifications.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Annette Solorio(Purchasing Specialist II)

[email protected]

(951) 739-4922

Key dates

Opened
12/23/2025
Questions due
1/8/2026
Closes
3/2/2026
Projected award
2/1/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531312
Solicitation №
RFP 26-017AS

Budget estimate

$2,000,000 – $4,000,000

The solicitation does not disclose a maximum‑not‑to‑exceed amount. Based on typical commercial‑property‑management fees (approximately 5‑10 % of gross rental income) for nine downtown properties, a mid‑size firm could earn roughly $400 k–$800 k per year. Over the initial five‑year term, total earnings would likely range between $2 M and $4 M, with the optional renewal adding a similar amount. Factors influencing the final figure include the actual rent roll, the hourly‑rate schedule submitted, and any capital‑improvement oversight fees.

AI estimate from the solicitation

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