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Discussion on tenant representative firms' selection and contracts

1:11:35

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110 sec

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    Council Member Brewer inquires about the selection process and contracts for tenant representative firms Cushman & Wakefield and CBRE. Commissioner Molina explains the history of their selection, upcoming plans for a new RFP, and details about commission payments.

    • CBRE and Cushman & Wakefield were selected as tenant representatives in 2017
    • The original contract was for 3 years with a 2-year renewal option
    • DCAS is preparing a new RFP to expand the number of tenant representatives
    • Commission payments for tenant representatives are capped and paid by landlords, not the city