News & Media
We’re proud to be recognized for our work shaping communities, supporting business growth, and advancing thoughtful development projects. From major redevelopment initiatives to tenant expansions and industry insights, our team continues to play a role in projects that are helping our community move forward. Explore some of our recent media coverage below:
Brisk condo sales underway at Bethune Lofts
Nearly 45% of the 87 market-rate apartments at the four-story building have now been sold, indicating strong interest in residential…
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Bethune condo sales near halfway point
716 Realty Group has neared the halfway mark with 39 units under contract at The Bethune Lofts condominium project, where Ciminelli Real Estate Corporation is converting the complex's 87 apartments into condos.
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Ciminelli Real Estate Corporation leading the charge for sustainable development in WNY
The newly renovated lobby at Downtown Buffalo’s Lafayette Court Building held it's first event, alongside the Western New York Sustainable Round Table (SBR), to feature a panel discussion with some of the region’s experts on sustainable development.
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Doors Open Buffalo event invites people inside landmark buildings
The newly renovated Lafayette Court Building lobby shines for Explore Buffalo's 2023 Doors Open event, where thousands of people will have access to tour the space, along with 26 other buildings across Buffalo, NY.
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How developer Paul Ciminelli weathers ‘challenging times’
Developer, Paul Ciminelli, shares how he leads Ciminelli through a challenging market by diversifying the company's offerings and learning when to pivot to take advantage of more favorable opportunities.
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Ciminelli completes $5M renovation of Lafayette Court Building to secure 2nd M&T tech hub
The Lafayette Court Building in downtown Buffalo has a brand new look for its first-floor lobby, after owner Ciminelli spent nearly $5M on a renovation to modernize the space as part of its effort to secure M&T's second tech hub as the anchor tenant.
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‘A mini-hospital’: $23 million Roswell Park Scott Bieler Amherst Center nears opening
The $23M Roswell Park Scott Bieler Amherst Center at 203 Park Club Lane is nearing completion. This is the cancer center’s first new-build outside of its sprawling downtown Buffalo campus, and the 2-story, 30,000 SF structure is scheduled to open Sept. 11, 2023.
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‘One-stop shop for orthopedics’: Massive medical, surgical complex in Amherst nears opening
“What they really wanted is to develop a building that brings a comprehensive approach to orthopedics,” Ciminelli said. “Based on all the tenants that have located here - you have the ambulatory surgery center, imaging, general surgery, orthopedics, and PT - it’s really a one-stop shop for orthopedics.”
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Newmark Ciminelli represents tenant and major financial company, Wells Fargo, in two Buffalo-Area leasing deals
Wells Fargo recently engaged the brokerage team at Newmark Ciminelli to advise them on two of their existing Buffalo-area office locations, which ultimately led to two lease transactions for new locations.
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Ciminelli Starts Selling Bethune Lofts As Condos
“We think the market is right. We think the timing is right,” Ciminelli CEO Paul Ciminelli said. The units are now being offered through 716 Realty Group, at prices ranging from the middle $100,000s and up to the high $300,000s. Twelve units are available, including a two-bedroom model unit on…
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Ciminelli Real Estate and Gordon Brothers acquire 151,564 s/f property in Billerica, MA for $18.2 million
“Our team’s collective experience and current market trends in Boston have allowed for a unique opportunity to create value through acquisition and repositioning. We believe 880 Technology Park Dr. will meet the demand for R&D space in the market,” said Ryan Zebro, VP of Investments at Ciminelli.
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Gordon Brothers and Ciminelli Real Estate acquire 93,500 s/f building for $19.8 million
“The building owner presented this off-market opportunity to our joint venture following our successful acquisition of 6 Riverside Dr. last year," said Ryan Zebro, VP of Investments at Ciminelli. “We were approached because there was surety of execution. Our tenant focus is highly regarded and complements our strong property management…
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Ciminelli sells Muir Woods parcel to student housing developer for $8.5M
Ciminelli completed its sale of the land within Muir Woods to Aspen Heights Partners of Austin, Texas, for $8.5M, which will enable the student-housing developer to move forward with its $83.3M project, a residential complex of cottage and townhouse-style units with two to five bedrooms in each, plus a clubhouse.
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