RFP/Q#2627-002 Waterfront Real Estate Brokerage Services

The City of Redondo Beach is requesting proposals from qualified real estate brokerage firms to provide waterfront commercial brokerage services—marketing, leasing, and lease transaction management—for its waterfront portfolio under RFP/Q #2626-002, with proposals due October 28, 2026, at 5:00 p.m. PDT. An optional pre-proposal site walk is scheduled for October 7, 2026, at 1:00 p.m. PDT at 100 W Torrance Blvd.

The portfolio comprises approximately 61 commercial leaseholds across Pier Plaza, International Boardwalk, Fisherman's Wharf, and other waterfront properties, currently generating $2.58 million in annual gross revenue. The City reserves the right to add or remove properties during the agreement term. The scope includes marketing strategy development, market analysis, broker outreach and listings management, monthly vacancy and lead reporting, lease negotiation and transaction documentation, dual-representation policies by property type, and GAAP-compliant financial recordkeeping with monthly commission reconciliation. The cost proposal must itemize all personnel fees, software and technology expenses, and a comprehensive commission structure addressing new leases, renewals, options, and differentiated rates for nonprofit or community-serving tenants, with clear delineation of costs borne by the broker versus the City.

The initial agreement term is three years with optional extension. The selected firm must commence work within three weeks of the Notice of Intent to Award. Interviews are tentatively scheduled for the week of November 16, 2026, with award notification on December 1, 2026, and contract award on December 15, 2026. Proposers may submit bundled proposals in combination with related solicitations (#2627-001 Property Management Services and #2627-003 Marina Operations Management Services), with favorable evaluation consideration for demonstrated efficiencies and cost savings. The City reserves the right to negotiate final commission structures and reject any or all proposals. Contact Mio Iwasaki at Mio.Iwasaki@redondo.org to confirm site-walk attendance.