CONTRACTDISCUSSED

CBRE issues second fair market rent appraisal

Document date: Jul 22, 2026

What it covers

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.

Who holds it

CBRE holds this professional services contract with City of Miami Beach. Its other public contracts on record include work for Town of Smyrna and Pasadena Unified.

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Contract details

Contract type: Professional Services
Document date: July 22, 2026
Vendor: CBRE
Agency: City of Miami Beach
Source document: City of Miami Beach Resolution 2026-34388 2026-07-22 (Resolution)

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Questions about this contract

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.

What other contracts does CBRE hold?

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

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