Current News

Newmark Ciminelli's brokerage services team recently completed two leasing transactions for the multinational financial services company, Wells Fargo. Wells Fargo engaged the 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.

After receiving state approval this month to proceed with a condo offering, Ciminelli Real Estate Corp. has begun marketing for sale the 87 apartments at its Bethune Lofts project on Main Street, in one of the biggest condo conversion projects in the city. The Buffalo-based developer will convert the renovated former Buffalo Meter Co. Building into privately owned apartments, capitalizing on growing interest not only in living in the city - particularly along the Metro Rail line - but also in direct ownership.

Ciminelli Real Estate Corp., in a joint venture with Boston-based Gordon Brothers, has acquired a 151,564 s/f research and development building for $18.2 million.

Andover, MA Gordon Brothers, in a joint venture with Ciminelli Real Estate Corp., has acquired a 93,500 s/f research and development building on 7.4 acres for $19.8 million.

During the height of Covid-19 pandemic lockdowns, staff at The Sinclair apartments partnered with the startup Whose Your Landlord to send a satisfaction survey to residents.

The Texas developer that plans to construct 1,800 beds of student housing in Amherst's Muir Woods has taken possession of the 42 acres needed for the project.

Except for its professional football team, Paul Ciminelli loves eastern Massachusetts. The region surrounding Boston has long had a growing population and strong demographics. It's a hotbed of innovation and technology, with "probably the most dynamic education structure in the country." And it has a blend of old and new - both economically and architecturally. "I've always admired the greater Boston area," said the owner of Ciminelli Real Estate Corp. "It's kind of been an anomaly for the Northeast." That's also why Ciminelli is buying office buildings and other properties in the Boston area to broaden his Buffalo-based firm's holdings in a faster-growing marketplace. "We're always looking to diversify," Ciminelli said. "We have investment funds that are partners of ours that are always looking to diversify. We have to prove to them that we have a strong enough operating platform that they feel comfortable investing."

Buffalo-based Ciminelli acquired an office complex at 181 and 187 Ballardvale St. in Wilmington, Mass., outside of Boston, in a joint venture with Gordon Brothers, a Boston-based real estate investment firm.

Ciminelli Real Estate Corporation, a full-service real estate services firm with a commercial real estate portfolio of over 23 million square feet of owned, managed and developed real estate, announced that it closed on the purchase of 6 Riverside in Andover, MA.

Six years after the city set its sights on redeveloping a vacant parking lot on Ellicott Street in downtown Buffalo - and two years after Ciminelli Real Estate Corp. began its $76 million project on the site - a seven-story building with 201 affordable apartments is ready for its first occupants.

Newmark Ciminelli's brokerage services team completed a sale transaction involving the acquisition of J.W.D. Group's (JW Danforth) six-building portfolio by Rochester-based Royal Oak Realty Trust.

Downtown Buffalo's first grocery store focused on fresh produce is expected to open in less than two months across from the Central Library, employing about 60 city residents.

Buffalo, NY — Ciminelli Real Estate Corporation, a Buffalo, NY-based full service real estate services firm with a commercial real estate portfolio of over 23 million square feet of owned, managed and developed real estate, announced that it closed on the purchase of 100 Foxborough Boulevard in Foxboro, MA. The sale price was $6,000,000 for the 64,319 square-foot (sf), 2- story office building and 6.46 acre site.

Ciminelli Real Estate Corp. has taken on a national partner for its brokerage services for the first time, affiliating with Newmark Group under the bigger firm's global umbrella.

For the second time in the last year, Ciminelli Real Estate Corp. has acquired a multi-tenant office building in suburban Boston.

Ed McGinn, broker at Ciminelli Real Estate Corporation, negotiated the deal that found CTG their new corporate home.

NexGen Fitness and NexGen Recovery are taking 3,824 square feet of space in the first-floor lobby of 40-50 Fountain Plaza. The lease with Ciminelli Real Estate Corporation expands NexGen Fitness' growing footprint, and delivers exciting health and fitness related services to tenants of 40-50 Fountain Plaza, and others that live and work in Downtown. NexGen Fitness currently has ten locations in Texas.

Douglas Jemal's Douglas Development Corp. has hired Ciminelli Real Estate Corp. to manage Seneca One tower and fill up its commercial space, taking another step forward in its effort to remake Buffalo's tallest skyscraper.

Serendipity Labs, which offer safe, secure and on-demand offices for companies of all sizes, has signed a 10-year lease with Douglas Development to open a location at Seneca One Tower, Buffalo's tallest building. Kyle Ciminelli, our Executive Vice President, was the broker for Serendipity Labs.

This brief evaluates the merits of frequently discussed capital investments and their potential to create durable competitive advantages. It draws from an analysis of recent coverage in commercial real estate trade publications, as well as conversations with seven industry practitioners that took place in June 2020.

Progress continues on 201 Ellicott and The West End.

Ciminelli Real Estate Corp. is among the property-management companies adding adhesive disinfectant strips to door handles in common areas. The NanoSeptic devices are self-cleaning and come in a variety of shapes and textures, including some that are gel-like.

Work is continuing on Ciminelli Real Estate Corporation's The West End project in Waterfront Village.

I recently invited Paul Ciminelli (Ciminelli Real Estate Corporation) to sit down at our offices to conduct a podcast, so that we could discuss a number of issues related to development in Buffalo. Over the past year, Paul has repeatedly put a bug in my ear that BR should be getting on the podcast bandwagon. I finally got my act together, along with a microphone.

The first pieces of the new residential project and urban grocery on Ellicott Street are starting to take shape as Ciminelli Real Estate Corp. moves forward with environmental cleanup of the site and the structural work.

Spearheaded by the Ciminelli Real Estate Services of Florida team, the University Professional Center's redevelopment project was awarded a grant through the Redevelopment Incentives for the County's Redevelopment Incentives for Pilot Project Areas (RIPPA), the first project to receive such funding in the University Targeted Redevelopment area.

Kyle Ciminelli's story is a familiar one. A Buffalo Niagara native and millennial goes off to college and starts a career in another city only to decide to return home.

Is it better to manage a commercial property or to own it? For the Tampa-based Florida division of Ciminelli Real Estate Services, a firm headquartered in Buffalo, N.Y., the answer is simple: Why not both? 

Ciminelli Real Estate Corp. is making waves in eastern Massachusetts, with the first of what it says will be many purchases in the Boston marketplace.

Ciminelli Real Estate Corp. will kick off construction on its new West End townhouse project in the Waterfront Village on Thursday, bringing 20 new for-sale residential units to one of the last remaining large parcels in that neighborhood.

The food scene in Downtown Buffalo continues to heat up. This time it's 50 Fountain Plaza that's seeing some action, in the form of Flint!

201 Ellicott received a unanimous vote in favor of site plan approval.

Development plans are moving forward for a major project at 201 Ellicott in Buffalo.

Braymiller Market, a Southtowns' retailing destination known for its produce and specialty foods, will serve as the market anchor for Ciminelli Real Estate Corp.'s mixed-use development on Ellicott Street.

Ciminelli Real Estate Corporation has a tenant for commercial space at The Mentholatum. 

Buffalo Planning Board members approved a series of changes to Ciminelli Real Estate Corp.'s West End townhouse project Monday evening, but not before expressing their exasperation - not with the developer, but with the neighbors. Ciminelli officials returned for modifications to its $20 million proposal that was already approved in July, after four years of back-and-forth negotiations and months of public battles with Waterfront Village residents.

In an effort to appease neighbors' objections, Ciminelli Real Estate Corporation has once again revised its plans for a residential project in Waterfront Village.

After spending more than three years meeting with Waterfront Village residents and tweaking development plans, Ciminelli Real Estate Corp. is proposing an upscale townhouse/condo project that not only meets various Buffalo codes but also addresses issues raised during the neighborhood sessions.

Ciminelli Real Estate Corp. has acquired a nearly 15-acre Campbell Boulevard parcel from the Williamsville Central School District for part of The Preserve at Muir Woods residential development.

With construction work nearly 65 percent complete, Ciminelli Real Estate Corp. has started its initial marketing phase of the Mentholatum, an upscale, market-rate apartment complex set for Niagara Street.