TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renee Jadusingh, Executive Director
DATE: March 25, 2025
Title
AWARD REQUEST FOR QUALIFICATIONS CRA NO. 2024-09 - PROFESSIONAL COMMERCIAL PROPERTY REAL ESTATE MARKETING SERVICES
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Recommended Action:
Recommendation
Award the Request for Qualifications (RFQ) CRA No. 2024-09 - Professional Commercial Property Real Estate Marketing Services to CBRE, Inc., and Jones Lang LaSalle Americas, Inc., for the provision of commercial property real estate marketing services on a continuing contract basis and authorize CRA staff to enter into contract negotiations accordingly.
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Background:
At the October 8, 2024, CRA Board Workshop, it was discussed that the CRA would issue an 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. Proposals are available for review upon request.
Proposals Received (listed in alphabetical order):
1. CBRE, Inc. (CBRE)
2. Jones Lang LaSalle Americas, Inc. (JLL)
The two (2) Proposals were deemed responsive and on March 3, 2025, the Evaluation Committee, consisting of three (3) CRA staff members, met, reviewed, and scored both Proposals based on the criteria stated within the RFQ and provided below.
REQUIREMENTS POINTS
Exp...
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