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Buffalo

A pair of downstate affordable housing specialists have acquired two low-income senior housing complexes in Buffalo for more than $8 million from the holding company for the estate of Frank L. Ciminelli. RM & PSG Housing Development Fund Corp. and RM & PSG LLC on Monday paid $4.4 million for the Niagara River Basin Apartments at 24 Hertel Ave. and another $4 mil…

Amherst

Arc Building Partners, the new construction management firm formed by Louis Ciminelli's son, has moved into its new office space in downtown Buffalo, separating itself more clearly from the legal troubles surrounding LPCiminelli and its former top executives. Arc, which was created last summer by President Frank Ciminelli II, is now located in the historically renovated…