City contract vendors / Who gets the city's money
Mb Real Estate Services INC — City of Chicago contracts
Every contract the City of Chicago has on file with this vendor: what was awarded, which departments issued it, and how the awards were procured. Figures are computed live from the city's official contracts dataset.
Recorded in city contract data as MB REAL ESTATE SERVICES INC.
$215,151,790
Total awarded
Net of revisions and de-obligations
42
Contracts on file
Earliest approved Dec 5, 2006
$48,966,864
Largest single award
Jan 3, 2023
Most recent approval
A note on the totals: the city files revisions and de-obligations as their own records with negative award amounts, so the total above is the net of awards and adjustments. An awarded amount is also not money paid — it is the ceiling the city agreed to, and actual spending can come in lower.
Departments, by total awarded
- Dept Of General Services$128,174,610
- Department Of Cultural Affairs$59,253,005
- Department Of Cultural Affairs And Special Events$20,813,866
- Dept Of Assets Information And Services$4,610,309
- Department Of Planning And Development$2,300,000
Largest individual contracts
- PROPERTY MANAGEMENT AND EVENT SUPPORT SERVICES FOR MILLENNIUM PARK AND VARIOUS DCAS… — 2016$48,966,864
- PROPERTY MANAGEMENT SERVICES FOR MILLENNIUM PARK, CHICAGO — 2007$40,000,000
- PROPERTY MANAGEMENT, REAL ESTATE BROKERAGE & REAL ESTATE CONSULTING SERVICES — 2006$21,600,000
- PROPERTY MANAGEMENT AND EVENT SUPPORT SERVICES FOR MILLENNIUM PARK AND VARIOUS DCAS… — 2022$20,813,866
- PROPERTY AND CONCESSIONS MANAGEMENT ON THE CHICAGO RIVERWALK — 2017$10,738,270
- PROPERTY MANAGEMENT AND EVENT SUPPORT SERVICES FOR MILLENNIUM PARK AND VARIOUS DCAS… — 2021$10,282,896
- PROPERTY AND CONCESSIONS MANAGEMENT ON THE CHICAGO RIVERWALK — 2020$9,452,872
- PROPERTY MANAGEMENT SERVICES FOR MILLENNIUM PARK, CHICAGO — 2014$8,545,750
How the work was procured
- RFP21 contracts
- MASTER AGREEMENT18 contracts
- RFQ2 contracts
Contract types
- PRO SERV CONSULTING $250,000orABOVE41 contracts
- EXHIBIT-A1 contracts
Mb Real Estate Services INC contracts most heavily with Dept Of General Services, which accounts for $128,174,610 across 30 contract records.
Mb Real Estate Services INC contracts FAQ
- How much has Chicago awarded to Mb Real Estate Services INC?
- City of Chicago contract records show $215,151,790 awarded to Mb Real Estate Services INC across 42 contract records approved since Dec 5, 2006. That figure is the net of awards and later adjustments, and an award is not the same as money actually paid out.
- Which city departments contract with Mb Real Estate Services INC?
- By total award amount, the departments contracting with Mb Real Estate Services INC are: Dept Of General Services ($128,174,610); Department Of Cultural Affairs ($59,253,005); Department Of Cultural Affairs And Special Events ($20,813,866); Dept Of Assets Information And Services ($4,610,309); Department Of Planning And Development ($2,300,000).
- What is the largest Mb Real Estate Services INC contract?
- The largest single award on file is $48,966,864, described by the city as "PROPERTY MANAGEMENT AND EVENT SUPPORT SERVICES FOR MILLENNIUM PARK AND VARIOUS DCASE PROPERTIES", approved Jul 18, 2016, through Department Of Cultural Affairs.
- Why can a contract amount be negative?
- The city records revisions and de-obligations as separate rows with negative award amounts. That means a vendor total is the net of original awards plus every later adjustment, not a running tally of payments. Awarded dollars are also not the same as dollars spent — a contract can be awarded and only partly drawn down.
Source
- City Contractsupdated dailyofficial portal ↗
Contracts are matched on the vendor name exactly as the city records it, so a company filed under more than one spelling may appear on more than one page. Award amounts can be negative on revisions and de-obligations; totals are the net of awards and adjustments, not payments made.