Cuyahoga County plans $450,000+ study of real estate -- again

CLEVELAND, Ohio - Cuyahoga County plans to spend more than $1 million for a firm to evaluate all owned and leased real estate and determine what should be sold or consolidated. The contract -- expected to cost $450,000 for the first phase to evaluate Health...

Cuyahoga County plans $450,000+ study of real estate -- again

CLEVELAND, Ohio - Cuyahoga County plans to spend more than $1 million for a firm to evaluate all owned and leased real estate and determine what should be sold or consolidated. The contract -- expected to cost $450,000 for the first phase to evaluate Health...

01 mart 2017 Wednesday 15:05
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Cuyahoga County plans $450,000+ study of real estate -- again

CLEVELAND, Ohio - Cuyahoga County plans to spend more than $1 million for a firm to evaluate all owned and leased real estate and determine what should be sold or consolidated.

The contract -- expected to cost $450,000 for the first phase to evaluate Health and Human Services buildings -- follows a $220,000 county study in 2011 and $267,000 contract in 2012 to market county buildings.

The new contract will continue that real estate evaluation done under former county Executive Ed FitzGerald, said spokeswoman Mary Louis Madigan.

"It did not look at specific needs for health and human services and was not an in-depth look," she said of prior studies.

The public works department is seeking proposals "from agencies and organizations interested in providing real estate strategic management consulting services." The firm will also recommend if the county should buy property.

See the proposal below or click here if on a mobile device.

In 2011, Allegro Realty Advisors Ltd. led the county study and recommended sales of unneeded county buildings and consolidation of government offices.

In April 2012 county agreed to pay CBRE Group Inc. $267,750, plus sales commission, to market as many as 22 buildings, evaluate possible new offices and negotiate sales or leases. Many buildings were sold, but the former juvenile court complex remains vacant and unsold.

According to the current request for proposals, the county owns 30 properties, including buildings, parks and the Cuyahoga County Fairgrounds. It leases 32 properties, including parking lots and space for title bureaus and children and family services offices.

The selected consultant will have three months to complete the health and human services study and two years, with an option to renew for an additional two years, to study the county's entire portfolio of buildings.

The contract would also include real estate services for the disposition of underused or unused county properties and acquisition and/or leasing of new properties.

The following will be done for health and human services:

  • Review existing real estate portfolio assets and understand future real estate requirements including but not limited to anticipated cost of capital improvements to existing facilities, utility costs, annual repair and maintenance, and custodial operations.
  • Provide recommendations for each property to establish cost savings.
  • Develop master plan for real estate and required action plan.

The following will be done for all leased and owned properties:

  • Review existing real estate portfolio assets and understand future real estate requirements including but not limited to anticipated cost of capital improvements to existing facilities, utility costs, annual repair and maintenance, and custodial operations.
  • Review real estate decision making processes and procurement methodologies and recommend needed changes.
  • Provide recommendations for each property to establish cost savings.

Our editors found this article on this site using Google and regenerated it for our readers.

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