Golden West College Awards Facilities Contract to Hong Financial Services (November 2025)

The Board approved a five-year land lease with Hong Financial Services for Suite 140 at 17075 Newhope Street, generating $375,012 in rent from November 1, 2025 through October 31, 2030, with an option for a five-year renewal. The District will pay a 6% broker commission of $22,500.72 to Lee & Associates - Ontario for negotiating the lease.

Scope & details

The full contract record, as filed.

Contract amount

$375,012 lease revenue over 5 years; broker commission $22,500.72

Contract type

FACILITIES

Contract term

November 1, 2025 - October 31, 2030, with one 5-year renewal option

Renewal date

2030-10-31

Renewal

Lease includes one option to renew for an additional five-year term beyond the initial term ending October 31, 2030.

Document type

Agenda

Source document

coast-community-college-district-board-of-trustees-agenda-november-19-2025_1ab.md

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Coast Community College District Agenda Regular Meeting of the Board of Trustees 2025-11-19

APPROVED

Coast Community College District Office, California$375,012 lease revenue over 5 years; broker commission $22,500.72Nov 19, 2025

Coast Community College District Regular Meeting Minutes 2025-11-19

APPROVED

Coast Community College District Office, CaliforniaNov 19, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Golden West College?

Hong Financial Services was awarded this facilities contract by Golden West College, as recorded on November 19, 2025. The contract value is $375,012 lease revenue over 5 years; broker commission $22,500.72.

How much is the Hong Financial Services contract with Golden West College worth?

The Hong Financial Services contract with Golden West College is valued at $375,012 lease revenue over 5 years; broker commission $22,500.72, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in coast-community-college-district-board-of-trustees-agenda-november-19-2025_1ab.md (Agenda), dated November 19, 2025 from Golden West College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hong Financial Services hold?

Hong Financial Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Hong Financial Services's profile

What is Golden West College currently buying?

Explore Golden West College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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