Title
Recommendation to Authorize the Interim City Manager to Negotiate and Execute an Exclusive Listing and Sale Agreement with Jones Lang Lasalle for Commercial Brokerage Services for a Term of Three Years. (Base Reuse and Economic Development 29061822, 29161822)
Body
To: Honorable Mayor and Members of the City Council
From: Adam W. Politzer, Interim City Manager
EXECUTIVE SUMMARY
The City of Alameda (City) has long used an outside listing team to provide commercial brokerage services to represent commercial properties owned or managed by the City at Alameda Point and other select non-municipal use properties around the island. The current exclusive listing agreement managed by staff in the Base Reuse and Economic Development Department (BRED) was executed in 2015 and expired at the end of December 2025.
In light of the expiration of the agreement and also the significant real estate market changes over the past decade, BRED staff undertook a competitive, public request for proposal (RFP) process to solicit proposals and negotiate a new exclusive listing agreement. A total of eight (8) timely proposals from interested brokerage firms were received. The proposals were carefully reviewed and scored based upon the criteria included in the published RFP, interviews were conducted with the highest ranking firms and follow-up due diligence with the finalists was performed.
Following this competitive selection process, staff are recommending a new exclusive listing agreement with Jones Lang Lasalle for a term of three (3) years.
BACKGROUND
The City's real property asset portfolio includes over 4 million square feet of occupied and vacant commercial space, three piers and over seven hundred acres of land at Alameda Point alone. A unique mix of commercial properties that were previously used by the Navy, including hangars, warehouses, piers, former administrative buildings, residential units, former vacant residential quarters, and vacant lots can be found a...
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