The National Importance of Public Transportation to Commercial Real Estate
It seems intuitive that commercial real estate properties proximate to public transportation would be more sought after, and would, therefore, have higher property values and draw higher rental rates. While intuition is important in commercial real estate, facts must always support our thinking. So, let’s take a look at some of the data that confirms a longstanding rule of real estate development: location matters. This axiom is particularly true when it comes to locations and public transportation.
Looking Ahead
There is no blueprint to follow when it comes to handling the changes brought about by the coronavirus pandemic. Instead, there is only reliance on our previous experience, real time updates from our global network and confidence that we can be industry leaders in this time of crisis.
Managing Buildings and Building Relationships
When a commercial building is empty, it still needs to be thoughtfully managed and monitored. In recent weeks, as a result of the Covid-19 pandemic, many buildings that housed “non-essential” businesses have been temporarily vacated.
Expecting the Unexpected
At Ciminelli, our real estate professionals have come to expect the unexpected. This is increasingly true in real estate development.
Business as "UN" usual—24/7 service delivery provides the foundation during extraordinary situations
The COVID-19 crisis has certainly presented us all with challenges, both professional and personal. At Ciminelli, our Facilities Management Service Team faces unique challenges every day.
Ciminelli Suburban vs. Urban Office Space
When selecting a location for a new office space, one of the most important considerations is whether to choose an urban or a suburban setting. Location matters to both your employees and your clients, so it's important to get this crucial aspect of your new office space right.
Here are five considerations when choosing a new office location
Investing in the Urban Core - Infrastructure
Every city wants to be recognized for its unique characteristics. Cities want visitors to be intrigued by what they have to offer, businesses to thrive in their surrounding environment, and residents to be proud to call it home. For all of this to happen, the infrastructure of cities – the structures and services that act as a basis for the economy and quality of life -must continue to grow and meet the demands of an increasing population.
The Benefits of Winning a TOBY Award
BOMA’s annual TOBY award is the most prestigious and comprehensive award of its kind in the commercial real estate industry, recognizing quality in commercial buildings and rewarding excellence in building management. During the competition, all facets of the building’s operations and management were thoroughly evaluated.
10 Questions to Ask On a Commercial Property Tour
Between the listing agent and your broker, you will have a wealth of readily available knowledge about the property’s history, condition, amenities, and location. This is what you should be asking to help you determine if the space you are touring is the best fit for your company:
Top Commercial Real Estate Maintenance Requests
As building owners ourselves, Ciminelli Real Estate Corporation understands the value of maintaining a real estate asset and ensuring that it is delivering the highest possible return for the owner. Gathering data from a portfolio totaling over 16M square feet revealed several interesting data points. Here, we’ve ranked the top ten work orders from least to most requested.
If These Walls Could Talk... Interesting Facts about Bethune Lofts.
Bethune Lofts, located at 2917 Main Street, is one of Ciminelli Real Estate Corporation’s historical, residential renovation projects. While reminiscing on Bethune’s history, we thought we would share some of the building’s most interesting facts.
5 Tips for Effective Vendor Procurement and Management
Contributed by Zach Melas, Director of Procurement, Buffalo, NY
As part of our commitment to providing our customers with the highest level of service, Ciminelli Real Estate Corporation works to identify opportunities to mitigate risk, improve vendor performance, and realize cost savings. Zach Melas, the Director of Procurement at Ciminelli Real Estate Corporation identifies his top 5 tips for effective vendor procurement and management.
5 Tips to Consider Before Renewing Your Commercial Lease
Renewing a commercial lease can be a complex situation for corporate tenants. It is also an opportunity to reflect on the current position of your business as a renter, revisit the commercial real estate market, and gather valuable information that can be used to negotiate a better lease agreement. Learn how Ciminelli Real Estate Corporation can help you renew your commercial lease.
Corporate Responsibility to Staff Development
We recently had the opportunity to interview two of our employees about their career paths with Ciminelli. Both Eric Marcus (Corporate Accountant Associate) and Michael Cullinan (Property Manager) were able to move up within the company, eventually aligning with positions that they never imagined possible at the start of their employment. Read more about Eric and Michael’s experiences below.
The Impact of Automation in Facilities Management
Contributed by Kristen Zdon, Service Systems Manager, Buffalo, NY
Technology has brought us a long way from things like land lines and typewriters. With the automation of powerful work order management software and sophisticated tools like dashboards and customizable reporting to analyze data, many difficulties have become easier to manage, if not completely eliminated.
Understanding the Basics of Commercial Real Estate Leases
Contributed by Edward McGinn, Licensed Real Estate Broker, CCIM
A commercial real estate lease is a long-term commitment, and like all long-term commitments in life, you want to be sure you know exactly what you are getting into. It is crucial for both the property owner and tenant to understand which expenses are included and excluded from the lease; this will help to avoid any future confusion after signing on the dotted line.
Residential Property Profile: The Mentholatum
Contributed by Amber Holycross, Senior Development Manager, AIA, LEED AP ID+C
The Mentholatum building is recognized locally for its association with The Mentholatum Company, a manufacturer of menthol-based health and beauty products. Ciminelli's vision for a landmark, residential mixed-use project that would be the cornerstone of Niagara Street's redevelopment, was realized through substantial renovation of the existing building.
Benefits of Mixed-Use Development in Buffalo
Contributed by Denise Juron-Borgese, Vice President of Development & Planning, AIA, LEED AP BD+C
It's one thing to bring a community to life. It's an entirely different thing to bring life to a community. At Ciminelli Real Estate Corporation, our team injects life into the communities we serve with new and revitalized spaces that add value for everyone. While we have experienced success in many different areas of development and redevelopment, Ciminelli has always valued creating mixed-use development in Buffalo because of its ability to strengthen community ties, make commutes easier, and give businesses a prime location for success.
Looking to Move Your Office? 6 Reasons You Need Tenant Representation Services
When looking for commercial space to lease, an industry expert on your side will make all the difference. Take a look at 6 benefits of choosing Ciminelli's engaging tenant representation services.
A Day in The Life of a Facilities Manager
Contributed by Christopher M. Keenan, Senior Vice President of Property Management, LEED AP, RPA, FMA
The variety of responsibilities associated with facilities management leads to days that are far from routine; it is arguably what makes the job so exciting. Facilities managers manage buildings. Their work is all about producing the best performance for the building they're managing - while keeping costs under control. This can include the management of snow plowing, landscaping, heating and cooling systems, maintenance, accounting, and more. We do this for our clients by first identifying their major goals for building operations and maintenance; we then create a plan to achieve these goals. Click here to read more.
