Title
Recommendation to Award a Five-Year Contract for City of Alameda Property Management Services to RiverRock Real Estate Group for Management of Commercial and Residential Properties at Alameda Point, Fleet Industrial Supply Center, Tidelands, Alameda Beltline, and Other City-Owned Commercial Properties. (Base Reuse 858, 256, 216)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Award a Five-Year Contract for City of Alameda Property Management Services to RiverRock Real Estate Group for Management of Commercial and Residential Properties at Alameda Point, Fleet Industrial Supply Center, Tidelands, Alameda Beltline, and Other City-Owned Commercial Properties
BACKGROUND
PM Realty Group has served as the City's property manager for the past 14 years. They were originally brought to the City by Alameda Point's first master developer group, Alameda Point Community Partners (APCP). When APCP left, it was decided that the City would continue to use PM Realty Group to provide property oversight and management services for Alameda Point. PM Realty Group also started providing property management services for the former Fleet Industrial Supply Center (FISC) and other City-owned properties, such as the retail spaces in the Alameda Theater and leases for marinas. PM Realty Group's final 3 year contract was awarded in November 2013 and will expire on January 02, 2017.
In keeping with best practices for ensuring services are being provided at the best market rate, the City opted to issue a Request for Proposals (RFP) for property management services on August 11, 2016. Proposals were due September 8, 2016. The City received six proposals from:
1. Cushman & Wakefield Property Management
2. Jones Lang & LaSalle Property Management
3. Kennedy Wilson
4. Next Play Realty Company
5. PM Realty Group
6. RiverRock Real Estate Group
A panel of representatives of City departments and outside property management experts ...
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