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  5. ›RFP/Q#2627-001 Waterfront Property Management Services

City of Redondo Beach·California

RFP/Q#2627-001 Waterfront Property Management Services

Closes 10/21/2026$500k – $1.1MRequest for Proposal
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Description

The City of Redondo Beach is seeking a qualified property management firm to provide full‑service management of its waterfront commercial portfolio, which includes offices, restaurants, retail spaces, and storage units across multiple sites such as Pier Plaza, International Boardwalk, Fisherman’s Wharf, and the Pier Parking Structure. The contract is an initial three‑year term with an option to extend, and the firm will be responsible for day‑to‑day operations, lease administration, financial reporting, tenant relations, maintenance coordination, security, environmental compliance, and long‑term asset stewardship. An optional site walk is scheduled for September 28, 2026, and proposals are due by October 21, 2026. The award is expected in early December 2026, with work to commence within three weeks of the notice of intent to award. • Manage daily operations and maintain an on‑site office at Pier Plaza. • Administer leases, track expirations, process renewals, and handle CAM charges. • Provide monthly performance reports covering financials, occupancy, maintenance, and incidents. • Coordinate maintenance, repairs, emergency response, and environmental compliance (including NPDES permits). • Handle tenant communications, after‑hours emergency line, and dispute resolution. • Oversee financial functions: rent collection, expense payments, trust fund administration, and annual budgeting. • Ensure compliance with California labor, prevailing‑wage, insurance, and nondiscrimination requirements.

Attached files

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

Contact

Robert Norman(Purchasing Admin Analyst)

[email protected]

(310) 697-3128

Key dates

Opened
9/14/2026
Questions due
10/2/2026
Pre-bid meeting
9/28/2026
Site visit
9/28/2026
Closes
10/21/2026
Projected award
12/8/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
531311
Solicitation №
RFP/Q#2627-001

Budget estimate

$500,000 – $1,100,000

The City’s waterfront portfolio generates roughly $3.6 million in gross annual rent. Typical commercial property‑management fees range from 5 % to 10 % of gross rent, plus possible performance incentives. Assuming a 5‑10 % fee, the annual management revenue would be between $180,000 and $360,000. Over the initial three‑year term, the total contract value is therefore estimated between $540,000 and $1,080,000. Factors that could shift the range include the final negotiated fee percentage, any additional service fees for emergency repairs or environmental compliance, and potential extensions beyond the initial term.

AI estimate from the solicitation

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