Ciminelli Real Estate Corporation, a real estate services provider in Buffalo, New York, has entered into an alliance with Newmark Group, and will operate under the Newmark umbrella as Newmark Ciminelli, providing services across Western New York, including the greater Buffalo and Rochester regions. The alliance will support Ciminelli’s ongoing efforts to expand brokerage services into key markets across Southern Ontario, including Hamilton, Burlington and Niagara Falls.
Kyle Ciminelli, who recently joined the Ciminelli family firm as executive vice president after 16 years as a Newmark brokerage professional in New York City, most recently as executive managing director, will lead brokerage strategy for Newmark Ciminelli. Paul Ciminelli, the CEO of the Ciminelli firm, will continue to focus on strategy for its extensive property/asset management, investments and development business.
“This alliance is designed to power new brokerage business for both parties — allowing Newmark to expand into growing markets across Western New York and Southern Ontario, Canada while granting Ciminelli the unique ability to leverage the platform of our global brand as it continues its own expansion,” said Newmark Chief Revenue Officer Lou Alvarado.
Ciminelli’s portfolio includes more than 680 properties and 18 million square feet across New York and six other states. It is also a developer in and around Western New York.
“We were looking to bring an integrated platform to our brokerage offerings, and Newmark was the clear choice for so many reasons,” said Kyle Ciminelli. “I know the work ethic and core values virtually mirror ours. Newmark’s global industry reach provides outstanding opportunity to bring new businesses to Western New York. It is our privilege to have Newmark align with our company. Newmark is family to me, and both my father and I are looking forward to the many opportunities that the Newmark connection creates for our clients.”
