2016-17 Annual Report

EDA’s Real Estate Division pursues an array of full-service public real estate projects and transactions throughout the County of Riverside. The Division pursues the acquisition and disposition of real property, which may include site analysis, environmental analysis, negotiations, contract formation, relocation, appraisal and title and escrow services. The Division is also responsible for managing the allocation of space to various Departments in County owned facilities which encompass approximately 10 million square feet of County owned space. WHAT WE DO

Riverside University Health System Medical Office Building Completed the contracting and obtained Board Approval to pursue construction of a new 200,000 square foot Class “A” Medical Office Building (MOB) on behalf of Riverside University Health System (RUHS). The new healthcare facility will be located in front of the existing RUHSMedical Center in Moreno Valley. The project will be delivered through a public-private-partnership with the Trammell Crow Company as developer of the project. This state-of- the-art, three story facilitywill include an ambulatory surgery center, diagnostics, rehabilitation center, cardiology unit and women’s center. In addition, the project will include a new lobby pavilion and Café and a skywalk bridge connecting the MOB to the existing Medical Center. The Medical Office Building will be a Certified LEED Silver project and is anticipated for completion in the last quarter of 2019.

The Real Estate Division also provides professional leasing, related lease administration and property management services. The Division manages a lease portfolio of approximately 4.5 million square feet of County leased space which includes the administration and management of approximately 454 lease agreements. The Division pursues public-private-partnership development projects on behalf of the County and its various Departments. The Division supports a wide range of County services and need driven projects, including the acquisition and leasing for Administration, Alternative Energy, Aviation, Behavioral Health, Conservation, Communication, Economic Development, Healthcare, Housing, Information Technology, Parks, Public Safety, Public Health, Social Services and Transportation projects. The Real Estate Division works to support all County Departmental needs but has also worked to support multiple outside agencies in pursuing their real estate needs through professional service contracting. TheReal EstateDivision’s 2016/17 accomplishments include: Acquisitions and Sales Completed the acquisition of real estate valued at over $35.6 million and the sale of property valued over $10.1 million. Lease Management Managed a lease portfolio of approximately 454 leases totaling over 4.5 million square feet of leased space.

REAL ESTATE

$10.1 million

value of property

4.5 million Square feet leased.

$35.6 million acquired real estate.

17