CUNY extends Newmark real estate broker contract

CUNY's Board requests the City University Construction Fund extend Newmark & Company Real Estate, Inc.'s real estate broker services contract for CUNY-owned facilities for 18 months, retaining the $5,000,000 aggregate cap and limiting the extension to $500,000. The extension ensures continued brokerage support during the upcoming successor procurement.

Scope & details

The full contract record, as filed.

Contract amount

Not-to-exceed $5,000,000 aggregate for four brokers; extension not to exceed $500,000

Contract type

PROFESSIONAL_SERVICES

Contract term

Original term 3 years from February 14, 2023 to February 14, 2026; extended an additional 18 months beyond February 14, 2026 under same terms and conditions

Renewal date

2027-08-14

Renewal

Three-year requirements contract starting around February 14, 2023 expired February 14, 2026 without exercising the two-year option. The Board authorizes an 18‑month extension under the same terms, keeping the aggregate not-to-exceed amount at $5,000,000 with extension task orders not exceeding $500,000.

Document type

AgendaPacket

Source document

City University of New York Special Board Meeting Agenda Packet 2026-08-17

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city_university_construction_fund_task_order_award.pdf

AWARDED

Cuny School Of Law, New YorkNov 26, 2025

el-dorado-county-office-of-education-contract-2024-05-30_f73.pdf

APPROVED

El Dorado County Office of Education, California$92,500.00May 30, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Cuny School Of Law?

Newmark & Company Real Estate Inc was awarded this professional services contract by Cuny School Of Law, as recorded on August 17, 2026. The contract value is Not-to-exceed $5,000,000 aggregate for four brokers; extension not to exceed $500,000.

How much is the Newmark & Company Real Estate Inc contract with Cuny School Of Law worth?

The Newmark & Company Real Estate Inc contract with Cuny School Of Law is valued at Not-to-exceed $5,000,000 aggregate for four brokers; extension not to exceed $500,000, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City University of New York Special Board Meeting Agenda Packet 2026-08-17 (AgendaPacket), dated August 17, 2026 from Cuny School Of Law. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Newmark & Company Real Estate Inc hold?

Newmark & Company Real Estate 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.

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