News
Ciminelli acquired an office complex at 181 and 187 Ballardvale St. in Wilmington, Mass., outside of Boston, in a joint venture with Gordon Brothers. The companies paid $33.75 million for the complex, which has 210,945-square-feet of office space and 15.38 acres of land.
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“The acquisition of 6 Riverside brings Ciminelli's Massachusetts portfolio to a total of 274,142 SF, and is a continuing signal to the market and investors of our desire for growth in the Greater Boston market," stated Ryan Zebro, VP of Investments at Ciminelli.
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Six years after the city set its sights on redeveloping a vacant parking lot on Ellicott Street in downtown Buffalo, Ciminelli's $76M project on the site, a seven-story building with 201 affordable apartments, is ready for its first occupants.
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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.
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Braymiller Market owner Stuart Green said he hopes his new store at the corner of Ellicott and Clinton streets will be ready by "the start of the strawberry season" in late spring, close to the original projected time for completion of the 20,000-square-foot project.
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Ciminelli Real Estate Corporation Vice President of Investments Ryan Zebro stated, “The acquisition of 100 Foxborough marks Ciminelli’s third acquisition in the Greater Boston market. Our team is committed to delivering quality ownership and management to this area.”
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The real estate brokerage group at Ciminelli, led by Executive Vice President Kyle Ciminelli, will operate as Newmark Ciminelli, offering services in the Western New York market. The alliance will also help Ciminelli with its efforts to expand its brokerage efforts into Southern Ontario markets.
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Ciminelli Real Estate Corp. has acquired a multi-tenant office building in Northborough, MA. "It fits right into our wheelhouse," said Paul Ciminelli, President and CEO.
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Just a few months after selling its Delaware Avenue headquarters, Computer Task Group has found a new corporate home. CTG has leased 20,000-square-feet in Uniland Development Co.'s 300 Corporate Parkway building.
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NexGen Fitness is expected to open at 40-50 Fountain Plaza this fall. In addition, NexGen Fitness is unveiling NexGen Recovery, a revolutionary addition to the private training, offering recovery and rejuvenation in infrared saunas and a state-of-the-art salt room.
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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.
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A national provider of upscale flexible office space is coming to Seneca One Tower. Serendipity Labs, which offers safe, secure and on-demand offices for companies of all sizes, has signed a 10-year lease to open a new location in Buffalo's tallest building.
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Building owners are actively considering capital improvements that may reduce the transmission of COVID-19, such as HVAC system upgrades, UV lighting technologies, antimicrobial building materials and touchless technologies.
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Crews deal with high temperatures while working to complete two Ciminelli developments, the 201 Ellicott Project and The West End.
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Ciminelli is among the companies adding adhesive disinfectant strips to door handles in common areas. “When organic material comes in contact with it, like this virus, it starts going to town and starts an oxidation process that destroys the organic material,” said Chris Keenan, Sr. VP of Property Management at Ciminelli.
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"The smartest way to be a good home provider is to invest in the resident experience," Artie Vanderpool of Ciminelli said. "Now that we have Whose Your Landlord surveying our tenants and providing us with such positive feedback and actionable items, we can take our capital and use it to create a sense of home. "
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Located on a 2.4-acre parcel at 240-260 Lakefront Boulevard, the 20 three-story townhouses will each have three bedrooms, 3.5 bathrooms, a two-car attached garage, and 2,700 to 3,500 sq.ft. of living space.
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During Paul's interview with Buffalo Rising, numerous pertinent issues facing Buffalo’s development scene were discussed, including preservation, the mega-region, parking lots, walkability, weather, and condos.
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Ciminelli confirmed that all of the urban fill soil has been removed from the site at 201 Ellicott St. as part of a state-supervised remediation. That effort will eventually see the 2.5-acre site readied for construction into a 220,000-square-foot development after decades as a city-owned parking lot.
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