CBRE issues second fair market rent appraisal

CBRE conducted an independent fair market rent appraisal for the City of Miami Beach’s 1691 Michigan Avenue property in connection with the proposed long-term lease extension with RKRivani LLC. CBRE’s analysis determined an annual fair market rent of approximately $3.29 million for the land under the Charter’s appraisal framework.

Scope & details

The full contract record, as filed.

Contract type

PROFESSIONAL_SERVICES

Document type

Resolution

Source document

City of Miami Beach Resolution 2026-34388 2026-07-22

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Miami Beach?

CBRE was awarded this professional services contract by City of Miami Beach, as recorded on July 22, 2026.

What type of contract is this?

This is a Professional Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Miami Beach Resolution 2026-34388 2026-07-22 (Resolution), dated July 22, 2026 from City of Miami Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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