CBRE is the City of Fort Lauderdale’s real estate advisor. On June 23, 2014, following a competitive procurement process, the City Commission approved a contract to hire CBRE as the city’s real estate services and transaction provider for one year with three possible one-year extensions commencing July 2014. The firm’s mandate is to reduce the city’s operating real estate expenses, align real estate operations with the services provided to citizens, monetize underutilized real estate assets and dispose of surplus assets. CBRE will advise the City regarding both strategy and highest and best use of several hundred parcels of land as well as represent the City on a transactional basis.
CBRE’s Public Sector Experts, Michael McShea and Lee Ann Korst, will lead effort the effort in collaboration with CBRE South Florida’s Managing Director Ken Krasnow, and local commercial real estate brokers Scott Allen and Ryan Nunes. More information about CBRE can be found at www.cbre.com.
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