PROFESSIONAL_SERVICESAPPROVED

City of Tustin Awards Professional Services Contract to Cbre Inc (September 2026)

The City Council authorized a Listing Agreement with CBRE, Inc. to market and solicit prospective sublessees for the South Hangar site and approximately 32 acres of surrounding leased property. CBRE’s commission is tiered from 3.0% to 0.37% over the first 20 years of sublease payments and is paid by the prospective sublessee.

Document date · September 15, 2026

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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
3.0% of total sublease payments for years 1-5; 1.5% for years 6-10; 0.75% for years 11-15; 0.37% for years 16-20
Contract type
PROFESSIONAL_SERVICES
Contract term
Up to 20 years of sublease payments
Renewal
Commission is capped at the first 20 years of sublease payments; the Listing Agreement remained subject to negotiation and non-substantive modifications.
Document type
Minutes
Source document
City of Tustin Minutes City Council Special and Regular Meeting September 15, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Tustin?

Cbre Inc was awarded this professional services contract by City of Tustin, as recorded on September 15, 2026. The contract value is 3.0% of total sublease payments for years 1-5; 1.5% for years 6-10; 0.75% for years 11-15; 0.37% for years 16-20.

How much is the Cbre Inc contract with City of Tustin worth?

The Cbre Inc contract with City of Tustin is valued at 3.0% of total sublease payments for years 1-5; 1.5% for years 6-10; 0.75% for years 11-15; 0.37% for years 16-20, 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 Minutes City Council Special and Regular Meeting September 15, 2026 (Minutes), dated September 15, 2026 from City of Tustin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cbre Inc hold?

Cbre Inc 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 Cbre Inc's 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.

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