"An affiliate headed by Menlo Park-based real estate firm Spieker Investments paid $14.5 million to buy the industrial and commercial building at 1655 Little Orchard St. where Arseen Auto Body operates, documents filed on Oct. 29 with the Santa Clara County Recorder's Office show. Family trusts for Ninos Ternian, Souzi Ternian, Zhaklin Ternian and the late Freidrik Ternian were listed as the sellers, according to county real estate records. Nevin Spieker, founder of Spieker Investments, is the principal executive of the affiliate that bought the property, documents show."
"Arseen Auto Body, Ninos Ternian, Souzi Ternian, and Freidrik Ternian are the parties named in a legal battle involving Arseen Auto Body. In a lawsuit, Freidrik Ternian claimed that Ninos Ternian, chief executive officer of Arseen Auto Body, diverted for his personal benefit an unspecified amount of money that was intended for the shop, according to documents on file with the Santa Clara County Superior Court."
An affiliate of Spieker Investments purchased the industrial and commercial building at 1655 Little Orchard St. for $14.5 million, with county records filed Oct. 29 listing family trusts for Ninos, Souzi, Zhaklin and the late Freidrik Ternian as sellers. Nevin Spieker is the principal executive of the purchasing affiliate. Parties named in litigation include Arseen Auto Body and members of the Ternian family. Court filings allege that Freidrik accused Ninos of diverting money intended for the shop, while Ninos alleged Freidrik’s misconduct caused losses. Freidrik Ternian died in late 2023. Spieker Investments was founded in 2008 and owns multiple Bay Area properties.
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