News: Brokerage

Alvin Grabowski 2009

Name: Alvin Grabowski, RPA, FMA, LEED, AP Title: Director of Property Management Company: Ciminelli Real Estate Corp. Location: Office at 465 Main St., Buffalo, N.Y./Corporate offices at 350 Essjay Birthplace: Buffalo, N.Y. Family: Married, with one daughter First job outside of real estate: Home restoration First job in real estate or allied field: CC&F Asset Management (Boston based) What do you do now and what are you planning for the future? Ciminelli Development Company, Inc., and its affiliate for third party services, Ciminelli Real Estate Corp., have developed, constructed, owned or managed over 7 million s/f of office, industrial, medical and warehouse space in western and central N.Y., Tampa, Fla., and southern Ontario, Canada. In addition, we now provide green consulting and Leadership in Energy and Environmental Design (LEED) certification services through our "C Green" consulting division. Hobbies: Stained glass and puttering with almost anything mechanical Favorite book: "One Flew over the Cuckoo's Nest" Persons you admire most (outside of real estate): General George Patton and President Ronald Reagan Keys to success: Follow the Golden Rule and do what you tell people you're going to do. If you had to choose another vocation what would it be? Teaching/education
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Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.