All in: Real estate firm pivots from management to ownership

A commercial real estate firm that oversees at least $700 million in properties has made a pronounced strategy shift. Will both managing and owning produce the desired results?

  • By Brian Hartz
  • | 6:00 a.m. October 25, 2019
  • | 0 Free Articles Remaining!
Mark Wemple. Hunter Swearingen, left, and Tom McGeachy are in buy mode for Ciminelli Real Estate Services in Florida.
Mark Wemple. Hunter Swearingen, left, and Tom McGeachy are in buy mode for Ciminelli Real Estate Services in Florida.
  • Tampa Bay-Lakeland
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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? 

 

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