Discovering Commercial Real Estate

On April 26, 2016, the Central Massachusetts Association of Realtors Commercial Alliance engaged Rob to present the new NAR Commercial course “Discovering Commercial Real Estate.” This four hour program was delivered in Auburn, MA at the Board’s office and covered all phases of commercial real estate from marketing, to investment trends, industrial real estate and leasing nuances. This course was presented to new commercial brokers and was a good refresher for the seasoned attendees.

Commercial Lease Negotiations

During the Spring of 2016, Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. was invited and spoke at a number of regional commercial real estate events throughout the U.S. as an industry subject matter expert and commercial industry leader.
Rob delivered the program “Commercial Lease Negotiations: When Know to Hold and Know When to Fold” to the Greenville (SC) Association of Realtors Commercial Division on March 11, 2016. Over 60 of the top commercial brokers, SIOR and CCIM members attended this full morning event in Greenville, SC. The course dissected the top 5 commercial lease clause issues for a landlord and for a tenant in today’s turbulent world of commercial lease negotiations. The lender’s perspective was incorporated into the subject issues as well and the pros and cons were debated.

2015 Massachusetts Real Estate Educator of the Year

Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co, Newton, Mass. was recently awarded by the Massachusetts Association of Realtors as the “2015 Massachusetts Real Estate Educator of the Year.” The professional awards recognition was made on Sunday night, September 27, 2015 at the Mass. Association of Realtors State Convention’s Professional Awards & Recognition Dinner with approximately 220 people in attendance. The awards dinner and convention was held at the Double-Tree Hilton Hotel in Danvers, Mass. Annie Blatz, President-Elect announced the recipient of the award from four state-wide finalists. She stated to the audience that the award to Rob was in recognition of his demonstrated commitment to promoting the professional growth of agents and brokers through course instruction, curriculum development, and contributions of academic and/or written work to industry publications.

Negotiation strategies in real estate transactions

Auburndale Realty Co. is pleased to announce that its principal Rob Nahigian has been asked to be a key speaker at the CORFAC International real estate convention in Minneapolis on Friday, September 11, 2015. Rob’s discussion will be on negotiating strategies in real estate transactions. The convention will be held at the Hilton Hotel in downtown Minneapolis.

The anticipated future location of a Midas Auto Service and Tires

The first tenant that committed to the project was Wendy’s International Hamburgers who agreed to a long-term ground lease and constructed a state-of-the art 2,500 square foot restaurant. This transaction occurred during the Spring of 2012. The second lot sale and user committed during July 2015 and is the anticipated future location of a Midas Auto Service and Tires. Construction has commenced during July, 2015.The final lot was sold during July, 2015 to an investor who acquired the Wendy’s ground lease and the third lot. The investor has not decided on a final plan for the third lot.

Completed a 6-year consulting assignment on 3 projects in Franklin

Rob Nahigian,FRICS,CRE,SIOR,MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce that it has completed a 6 year advisory assignment on 3 projects in Franklin, Mass. during July, 2015. Rob served as the Real Estate Counselor and the counseling assignment collectively pertained to a 4 acre retail site acquired by J&J W. Central Trust, LLC in the spring of 2009 and industrial properties located at 5 and 7 Forge Parkway, Franklin, Mass.

Real Estate Licensing Commission

Auburndale Realty Co. is pleased to announce that its principal, Rob Nahigian,FRICS,SIOR,CRE,MCR of Auburndale Realty Co., Newton, Mass. on June 15, 2015 was appointed by the Mass. Real Estate Licensing Commission/Real Estate Board to its Education Subcommittee. Rob received a confirmation letter from Associate Executive Director Ann-Margarette Barry to inform him of the 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 the 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 4 years has developed voluntarily and submitted over 34 CE commercial courses.

Protect consumers in the Commonwealth

– 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.

Complete a site lease with Impact Technical Sales

During the summer of 2015, Rob Nahigian, FRICS,SIOR,CRE,MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce the office lease of 2,856 RSF by Impact Technical Sales at 60 Mall Rd Burlington, Ma. The property is owned by 50-54-60 Mall Road, LLC and managed by RJ Kelly Co of Burlington, MA. ITS is currently located at 1 NEEP Burlington MA. Rob Nahigian exclusively represented ITS. Mark McLean VP of Asset Manager represented the landlord. The lease was consummated during July 2015 after a 4 month site search and negotiations.