Rob Nahigian to declare that he acted as an expert witness

Rob Nahigian is pleased to announce that he has served as an expert witness/litigation support on a Watertown (MA) former Fuller Enterprises car dealership facility. The expert services included highest and best use value, industry brokerage practices and compensation, developer and partnership service requirements and investment compensation. The case was held in November, 2017. Currently Rob is serving on three other dispute cases in the Boston area as an expert witness.

Providing consulting services regarding the sale of 3 medical housing complexes in Waltham

Sept. 2017, Provided counseling services on the sale of 3 medical condominiums in Waltham, MA. Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. counseled the sale of two medical office condominiums at 20 Hope Avenue, Waltham, MA on September 15, 2017. The seller was a family trust with Karen Shields of Newton, MA as the Trustee and the buyer was Kuchnir Realty LLC. The Waltham Medical Office Building condominiums are adjacent to Children’s Hospital in the Waltham-Weston medical area. The selling price was $166,000 for the two units. Rob Nahigian served as the real estate counselor on behalf of the seller and is advising on the disposition of a group of medical condominiums owned by the seller. Rob served at the Real Estate Counselor for the seller.

National Economic Trends in Commercial Real Estate” and “Commercial Brokerage Due Diligence Chaos.”

During September, 2017 Rob Nahigian was invited to speak at a number of industry regional commercial real estate events throughout Canada and the U.S. as an industry subject matter expert and commercial industry thought-leader. On Sept. 13, Rob delivered the SIOR national designation program “Art of Negotiating Commercial Real Estate” in Charlotte, NC at the Omni Hotel. On Sept. 18, the SIOR E. Canada Chapter invited Rob as its annual keynote speaker on the topic of “Highest and Best Use Methodology” held at the Oxford Conference Center, Montreal. On Sept. 22, Rob then delivered “Build-to-Suit Development” and “Commercial Lease Analysis: When to Hold and When to Fold” for the New Orleans Metropolitan Association of Realtors Commercial Division in Metairie, LA. The South Carolina CCIM Chapter had Rob speak in Charleston, SC on Sept. 28 on “Evaluating Leasing Risk with a Corporate Tenant’s Financial Statement.” Finally on Dec. 6, Rob spoke at TriplePlay at the Atlantic City Convention Center on “National Economic Trends in Commercial Real Estate” and “Commercial Brokerage Due Diligence Chaos.”

Renewal of the lease contract for a certain area of the warehouse in favor of PAK Technologies

In December 2016, Rob Nahigian and Auburndale Realty Co. completed the lease renewal of 42,500 sf of warehouse space to PAK Technologies at 95 Fitchburg Road, Ayer, Mass. Rob represented the landlord, Groton-Ayer Realty Trust. PAK Technologies provides comprehensive blending, packaging, and distribution services as well as deicing at Logan airport.

Closing of one of the most influential industrial/manufacturing leases in Boston

Auburndale Realty Co. and Rob Nahigian are honored to announce, with cooperating SIOR broker, Bob Cleary, now with Colliers International of Boston, that it has closed on one of the most impactful industrial/manufacturing leases in the City of Boston with JC Cannistraro LLC of Watertown, MA. The industrial lease culminates a 2.5 year process of tenant advisory assignment for JC Cannistraro, a mechanical contracting company, in search of a 150-200,000 square foot manufacturing facility. Over 100 sites, land and buildings were surveyed from New Hampshire and Massachusetts and eventually 25 Fid Kennedy, Boston was selected. The site is owned by EDIC and the Boston Redevelopment Authority near Boston’s Seaport. The building is approximately 160,000 sf and served as an U.S. Army ammunition facility during WW II. After 1.5 years of designation awards and lease negotiations with EDIC, BRA, the City of Boston and the Mayor’s Office, a 178 page lease with a 70 year control period was executed on August 31, 2016. Over 140 new jobs will be immediately added with aspirations to include over 400 jobs in total over time.

Rob Nahigian re-appointed IN Auburndale Realty

Auburndale Realty Co. is pleased to announce that its principal, Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. on June 17, 2016 was re-appointed by the Mass. Real Estate Licensing Commission/Real Estate Board to its Education Subcommittee. Rob received a confirmation letter from Executive Director Ann-Margarette Barry to inform him of the re-appointment. The Education Subcommittee reviews and recommends to the State’s Executive Director and Associate Executive Director the continuing educational requirements to remain a real estate licensed salesperson and/or broker. The Ed Subcommittee also recommends hours required for educational requirements for all licensing issues and approves any new courses submitted by the public for review. They make recommendations to the course content and outline format both for residential and commercial real estate licensing practitioners. Rob will be serving as the representative involved in commercial real estate. He has been periodically working with the Ed Subcommittee since 1998 and in the last 5 years has developed voluntarily and submitted over 37 CE commercial courses. Ms. Barry indicated that the members of the Real Estate License Board expressed their sincere thanks and deep appreciation to serve the Board and help to ensure that licensed real estate agents deliver quality assistance to their clients and customers in a professional manner. Rob’s service will also enhance the ability of the Board to protect consumers in the Commonwealth in the practice of real estate brokering. Rob will be serving a one year term.

Synergistic Sales Skills

On June 13, 2016 in Philadelphia, Rob delivered to prospective SIOR members at the SIOR National Designation courses, “Synergistic Sales Skills.” This course is an elective for the premier commercial brokers that are in the process of obtaining their SIOR national designation. The course was held in downtown Philadelphia at the Hyatt Bellevue.

Final classification by the Boston Redevelopment Authority

On June 9, 2016, JC Cannistraro, a 50 year manufacturing company and client of Auburndale Realty Co., was awarded Final Designation by the Boston Redevelopment Authority, on the 160,000 square foot former US Army facility in Boston’s Seaport area. It is an assignment that Auburndale Realty Co. has been working for over 2.5 years for JC Cannistraro to consolidate 3 Boston area facilities and over 400 employees. It is one of the largest and longest term industrial deals completed in Boston’s history.