December, 2020, Auburndale Realty Co. and Rob Nahigian was engaged by a telecom real estate investment company to provide counseling services in its national search to acquire commercial real estate. Rob has commenced with the first assignment in the Charlotte on a multi-story office complex providing due diligence services.
Rob Nahigian/Auburndale Realty Co. was engaged by BPDA to serve as its consultant and “special municipal employee” on a Boston commercial case
November-December, 2020, Rob Nahigian/Auburndale Realty Co. was engaged by BPDA to serve as its consultant and “special municipal employee” on a Boston commercial case. The assignment involved a financial corporate evaluation and assessment of BSR at 24 Drydock that was being acquired by Cronin Development to further the site into over 1,000,000 sf of lab buildings. Auburndale firm provided a financial analysis and provided recommendations on the negotiation of a 99 year lease and capital improvements needed for the drydock operations.
99-year lease negotiations for a multi-family complex unit at Charlestown Navy Yard.
Fall, 2020, BPDA engaged Auburndale Realty Co. to conduct a financial audit and offer recommendations for a 99 year lease negotiations for an unit multi-family complex in the Charlestown Navy Yard.
Acquisition of new offices and lease negotiations.
November, 2020, Auburndale Realty Co. was engaged as an advisor by Anchor Insurance Group in Newton, MA to assist in its quest for new offices and lease negotiations. Project was completed in December, 2020
Entrepreneurship small real estate company development, challenges and successes
September-December, 2020, Rob Nahigian was asked to instruct and serve as a guest speaker at a number of events. During September, Rob served as a speaker for the Rhode Association of Realtors on commercial leasing and lease clauses. He delivered 4 classes for RI and MA CE real estate credit. On Sept. 21-22, Rob taught the SIOR Designation Zoom Course on Negotiating Skills that serves as elective credit for the SIOR designation. On November 3 and 5, November 18, November 20 and December 4 MA NAIOP Chapter engaged Rob to teach 4 courses for its MA NAIOP Real Estate Certificate. Topics included Highest and Best Use, Due Diligence, Evaluating Risk in a Tenant’s Financial Statement and Making a Deal. The MA NAIOP chapter teamed up with the WA NAIOP Chapter for two of these events. On November 9 and 10, Rob taught SIOR National Designation Course elective credit on Negotiating Skills. On November 13, the Seattle Commercial Brokers Association invited Rob to serve on its all day Zoom panel. His topic was Chaos and Calamity with Logistics/Supply Chain Industrial Real Estate. Rob gave an update on the health of logistics supply chain nationally, on the west coast and then Seattle for 2020 and the impact of CV19 and E-Commercial. On December 1, Rob was a guest adjunct professor at the Boston Architectural College for Professor Dana Rowan. The Zoom class was on entrepreneurship and developing a small real estate firm, the challenges and successes.
Negotiations with a Philadelphia developer
Boston, Fall, 2019-20, BPDA engaged Auburndale Realty Co. to advise them on the negotiations with a Philadelphia developer on the lease and investment analysis of a former ship rope manufacturing building in Charlestown, MA. The 108,000 sf building from the 1830s was to be converted into residential and commercial space in a multi-million dollar development with complex tax credits. Rob advised BPDA and offered recommendations on the negotiations.
Disputes between tenants, landlord and brokerage
July, 2020, Rob completed an expert testimony/litigation assignment that settled during the month of July on a MA commercial real estate commission dispute on an industrial building complex in suburban Boston. Rob worked with Casner & Edwards on this case for the last two years. He has served on approximately 20 court cases on similar disputes, tenant-landlord-brokerage disputes, highest and best use eminent domain cases and other valuation commercial cases.
The process of selecting a site for the company with the President and CEO.
July, 2020, Auburndale Realty Co. was engaged as an exclusive corporate representative for Woon-Tech Corporation, a HMI Cardinal company, in Whitinsville, MA. This glass assembly and pre-fabrication company is expanding from 35,000 sf to approximately 100,000 sf. Rob is leading the site selection process for the company working with the President and CEO. He is also advising on its Woburn facility space needs. During the Fall, 2020, he was also asked to advise for its site selection needs outside of San Francisco for a “hub and spoke” location.
National economic trends in commercial real estate
July and August, 2020, Rob was an invited speaker in July and August for a number of real estate associations. July 14, 16 and 21, 2020, Rob taught Commercial Lease Clauses for MA NAIOP on Zoom. The course earns credits for the MA NAIOP Real Estate Certificate. On July 29, Rob delivered a commercial real estate Zoom program for the Ohio Association of Realtors. On July 29 and 30, Rob was an invited speaker for Commercial Day for the Central Bend (Oregon) Association of Realtors. Rob gave a course on Build-to-Suit Development Pro Forma that he teaches for SIOR since 1986. On August 5, Rob delivered a Zoom program for the RI Association of Realtors on National Economic Trends in Commercial Real Estate. The topic counted for RI and MA RE CE credit
The impact of CV19 on commercial capital markets
May 22, 2020 and June 2-3, 2020, Rob was an invited speaker for the RI Association of Realtors on the impact of CV19 and the capital commercial markets. The format was a panel discussion on Zoom. He then taught the SIOR Designation Elective Course on June 2-3 on Zoom on Negotiation Skills.