SEATTLE-CB Richard Ellis is the new property manager for Seattle Municipal Tower, the city-owned Downtown high rise located at 700 Fifth Ave. Formerly known as Key Tower, the 63-story building is 90% occupied by city departments.Cushman & Wakefield, runner-up for the work, has managed the property for the past five years, having had the original three-year contract extended for a maximum of two one-year periods. The city may re-bid the contract every three years and must re-bid it every five years. The city’s director of facilities operations Joe Garcia tells that a team of five city employees evaluated four 75-page proposals and awarded points for each of three categories: technical proposal, price and management. From there, the top two were brought in for interviews, after which additional points were awarded. CBRE and C&W made it to the interview round, and CBRE came away with 106 points while C&W came away with 101 points, according to Garcia.The city will be paying CBRE $0.08 per sf, which equates to about $7,500 per month, says Garcia. The price portion of the proposals ranged from CBRE’s bid to $0.45 per sf. The two bidders who did not make it to the interview round were Hines and GVA Kidder Mathews.CBRE’s Steve Penn tells he has retained all of the building’s 12-person engineering and office staff except for the general manager, who chose to remain with Cushman & Wakefield. The new GM is Kurt Sarchet, a senior manager that has been with the firm for about six years.

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