Family feuding over San Jose business nets millions from property sale

SAN JOSE Family members who have been feuding over a South Bay auto body shop have harvested millions from the sale of the San Jose property An affiliate headed by Menlo Park-based real estate firm Spieker Investments paid million to buy the industrial and commercial building at Little Orchard St where Arseen Auto Body operates documents filed on Oct with the Santa Clara County Recorder s Office show Related Articles Shift surfaces for San Jose housing project with -plus homes East Bay regional mall is bought by investors from New York City area El Camino Hospital buys office site near its Mountain View physiological center Bay Area developer on what downtown San Jose requirements to get it factor Builder preps downtown San Jose affordable homes tower for early launch 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 In a separate court filing Ninos Ternian claimed that Freidrik Ternian was responsible for any financial or other losses he might have suffered related to the auto body business as a conclusion of Freidrik Ternian s own misconduct or improper behavior as an employee of the shop The lawsuit stated that Ninos Ternian and Freidrik Ternian had a - equal ownership of the bicycle repair company at the time the litigation was filed Sometime in late Freidrik Ternian died according to a January filing in the lawsuit Spieker Investments was founded in The company owns an array of office commercial and industrial buildings throughout the Bay Area The buildings are located in areas such as San Jose Oakland Hayward Pleasanton Union City Palo Alto Campbell Redwood City and Mountain View