Tustin Amends Real Estate Broker Contract for Legacy Property
City of TustinCity · Tustin, CA- Disclosed value
- Land Sale: 3.0% of gross purchase price up to the first $10,000,000.00; 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00; 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of the total lease payments for Years 1-10, capped at first 10 years of ground lease payments
- From minutes
- Document date
- May 20, 2025
The 30-second brief
The City of Tustin authorized the City Manager to negotiate and execute an amended listing agreement with CCP Real Estate Advisors for marketing services related to 52 acres in Neighborhood E. The compensation is commission-based, depending on future sale or ground lease terms, with no immediate General Fund impact.
Ccp Real Estate Advisors holds this professional services contract with City of Tustin.
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Contract details
- Contract type
- Professional Services
- Amount
- Land Sale: 3.0% of gross purchase price up to the first $10,000,000.00; 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00; 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of the total lease payments for Years 1-10, capped at first 10 years of ground lease payments
- Document date
- May 20, 2025
- Vendor
- Ccp Real Estate Advisors
- Agency
- City of Tustin
- Source document
- City of Tustin Council Meeting Minutes May 2025 (Minutes)
Ccp Real Estate Advisors's other public contracts
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Questions about this contract
Who was awarded the professional services contract by City of Tustin?
Ccp Real Estate Advisors was awarded this professional services contract by City of Tustin, as recorded on May 20, 2025. The contract value is Land Sale: 3.0% of gross purchase price up to the first $10,000,000.00; 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00; 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of the total lease payments for Years 1-10, capped at first 10 years of ground lease payments.
How much is the Ccp Real Estate Advisors contract with City of Tustin worth?
The Ccp Real Estate Advisors contract with City of Tustin is valued at Land Sale: 3.0% of gross purchase price up to the first $10,000,000.00; 2.0% of gross purchase price between $10,000,000.00 to $20,000,000.00; 1.0% of gross purchase price exceeding $20,000,000.00; Ground Lease: 3.0% of the total lease payments for Years 1-10, capped at first 10 years of ground lease payments, covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in City of Tustin Council Meeting Minutes May 2025 (Minutes), dated May 20, 2025 from City of Tustin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ccp Real Estate Advisors hold?
Ccp Real Estate Advisors may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Tustin currently buying?
Explore City of Tustin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.