Pasadena Unified School District Resolution 2985 2026-06-25
CBRE Broker Adam Peterson Tapped In Park IV Deal
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Description
Adam Peterson of CBRE is named as Park IV Group’s broker in its proposal to ground lease the Linda Vista site from Pasadena Unified School District. The developer proposes to pay a 4% commission on the first 25 years of lease payments, divided between its broker and the District’s broker.
Contract Details
Contract Amount
Portion of a brokerage fee equal to 4% of the cumulative first 25 years of ground lease payments, to be split with Lessor’s broker
Vendor
PETERSON, ADAM CBRE
Agency
Pasadena Unified, CA
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 24, 2026
Contract Term
Applies contingent on execution of the proposed 99-year ground lease
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