RFP/Q#2627-002 Waterfront Real Estate Brokerage Services

The City of Redondo Beach is seeking a qualified real‑estate brokerage firm to market, lease, and manage transactions for its waterfront commercial portfolio, which includes Pier Plaza, International Boardwalk, and Fisherman’s Wharf. The contract will be a three‑year term with an option to extend, and the broker will be responsible for developing a marketing strategy, maintaining listings, conducting market analyses, reporting vacancies, negotiating leases, and providing financial and commission reporting. The firm must coordinate closely with city staff, attend monthly meetings, and meet performance standards outlined in the RFP. • Scope: marketing, leasing, transaction management for ~61 leaseholds generating ~$2.58 M annual revenue • Deliverables: 60‑day marketing plan, quarterly updates, monthly vacancy and commission reports, lease negotiations, financial monitoring • Timeline: RFP issued Sep 21 2026, questions due Oct 9, proposals due Oct 28, award notification Dec 1, contract start early Dec 2026 • Duration: 3‑year base term, possible extensions • Evaluation: qualifications (30%), marketing plan (20%), commission structure (20%), understanding of portfolio (15%), references (15%)