TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renee Jadusingh, Executive Director
DATE: November 20, 2025
Title
UPDATE ON PROFESSIONAL COMMERCIAL PROPERTY REAL ESTATE MARKETING SERVICES SOLICITATION
Body
Recommended Action:
Recommendation
Discussion and direction.
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Background:
At the October 8, 2024, CRA Board Workshop, it was discussed that the CRA would issue a Request for Qualifications (RFQ) for Professional Commercial Real Estate Marketing Services (Services). The purpose of issuing such an RFQ would be to solicit qualified real estate firms that have the specific qualifications and ability to provide the Services and experience developing and implementing strategic marketing methods and plans that target potential tenants and/or commercial developers in the grocery, medical (e.g. doctors, clinics, etc.), pharmacy, and financial sectors for CRA-owned vacant land properties along West Atlantic Avenue, and CRA-owned properties along the Historic NW/ SW 5th Avenue.
The RFQ was issued on Monday November 25, 2024, and had an extended Proposal Submission Due Date of January 16, 2025.
There were two (2) Proposers who submitted a timely Proposal (See Exhibit B). At the March 25, 2025, CRA Board Meeting, the CRA Board accepted the Evaluation Committee recommended the CRA award Agreements to the two (2) Proposers to provide the required Services, creating a continuing contract pool for a period of two (2) years, with an option for up to one (1), one (1) year extension.
Proposals Received (listed in alphabetical order):
1. CBRE, Inc. (CBRE)
2. Jones Lang LaSalle Americas, Inc. (JLL)
After the March 25, 2025, CRA Board Meeting, CRA Staff entered into negotiations with CBRE and JLL. Both companies provided proposals to CRA Staff in April 2025 (See Exhibit C).
JLL:
At the May 29, 2025, CRA Board Meeting, the CRA Board approve an Agreement for Professional Commercial Property Real Estate Marketing Service...
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