SACRAMENTO—Following a lengthy qualifying process andcompetitive review, Colliers International hasbeen awarded a contract to represent the CaliforniaLottery for the next four years, as the state agencytransitions from leasing commercial propertiesthroughout the state to owning the buildings itwill occupy.

Under terms of the contract, Colliers will represent the stateagency in all real estate transactions and providereal estate advisory services for its real estate portfolio. Aspart of the contract, Colliers will conduct solicitations forappropriate space, prepare site reviews, conduct market andcost benefit analyses, provide property valuation, andmanage the disposition of all real property transactions for theagency, officials said.

Led by senior vice president Heath Charamuga,who is based in the brokerage firm's Sacramento office, other teammembers and the geographic areas they cover include senior vicepresident Gregory Maradei, who leads the SouthernCalifornia team; Mike David, San Francisco BayArea; and David Herrera, Sacramento. Colliers alsohas formed an administrative team to provide support servicesexclusively to the California Lottery team.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.