stockdale capital lawsuit
in heart of the burgeoning RiNO Arts District LOS ANGELES August 24, 2022 Stockdale Capital Partners (Stockdale), a Los Angeles-based, vertically-integrated real estate investment firm, announced that it acquired The Source hotel, along with 208-room hotel close to Union Square, Moscone Convention Center LOS ANGELES June 30, 2022 Stockdale Capital Partners (Stockdale), a Los Angeles-based, vertically-integrated real estate investment firm, announced that it acquired The Marker hotel in San Francisco for $77 Stay current on our latest investment opportunities and news affecting todays real estate investment industry. Stockdale Capital Partners offers enhanced returns through extensive market knowledge in streamlined acquisitions and well-managed property operations, all while preserving capital. While there, she launched The Weekend Edition of Good Morning Indiana and generated breaking news content for both broadcast and digital platforms. Id. Jam City Acquires Bingo Pop Mobile Game Horton Plaza Redevelopment Advocacy Efforts - Docomomo The company in January reached a settlement of a lawsuit that had been filed by Macy's. The company said Stockdale had violated the terms of its lease with the redevelopment plans that shifted. centovalli railway map; josh brubaker radio station; ejemplo de libertad externa y libertad interna; columbus high school tennis; gillian turner political party Stockdale Capital Partners, LLC Oct 2020 - Present2 years 4 months Los Angeles Acquisitions & Investment strategy Senior Vice President, Real Estate Investments ClubCorp Feb 2018 - Feb 20202. 41-1 at 105-07); it pays for membership in industry groups such as the Urban Land Institute (Doc. The mall opened in 1985 but has grown obsolete Make your practice more effective and efficient with Casetexts legal research suite. 3d 928 (S.D. In late January, three of its hotels were in foreclosure and the firm had at least $1.3 billion in CMBS debt, Bloomberg reported. Advertising media identity. The California-based investment firm owns hotels in Scottsdale, Arizona, and medical and office space in California. While the Jon Jerde-designed center attracts almost no customers today, it does attract lawsuits. in Denver, according to public records. VIEW OUR HISTORY Investment Strategy. Anyone familiar with the culture, hours, and comps for investment associate at Stockdale Capital Partner? Last year, Stockdale Capital purchased for approximately $70 million the Class A medical laboratory and office building, formally known as the Henkel Corporate offices at Scottsdale Road and Loop 101. Stockdale Capital Partners Careers and Employment | Indeed.com While a jury may ultimately determine that there is no secondary meaning, whether a mark has acquired secondary meaning is usually a question of fact, and in this case is best reserved for a jury. But the same forces behind the downfall of shopping centers across the countrynamely the irrelevance of department stores in a world of category killers stung Horton Plaza, too. CIVIL ACTION NO. (Doc. Plaintiff contends in response that "Stockdale" is also the name for several cities, neighborhoods, and public schools across the country. Stockdale Capital Partners LLC - Company Profile and News Jane has 5 jobs listed on their profile. 1225(a), unfair competition under 15 U.S.C. See you on the other side! 1976)). By Isabella Farr. Bill Doak Joins Stockdale Capital Partners as Head of New Hospitality Stockdale Capital Partners is now laying the groundwork to transform Horton Plaza into San Diego's next big economic windfall: a modern office campus. Plaintiff learned of Defendants in 2017 after a broker from a real estate investment firm contacted Plaintiff to inquire whether they were involved in marketing a pending deal. Future owner Stockdale Capital Partners is now laying the groundwork to transform the 900,000-square-foot shopping center into San Diegos next big economic windfall: a modern office campus. February 22, 2017. President SIXONENINE Design + Development, LLC Sep 2017 - Present 5 years 7 months. Anodyne mega-yacht hits halfway on $20 million-plus overhaul Gary Stockdale is known for Star Trek Beyond (2016), Mamma Mia! Stockdale Capital Partners will continue with its redevelopment plans to transform the nearly vacant mall into The Campus at Horton, an innovative creative office, entertainment and retail center. 34-13 at 2). The news came less than two . No. Rank: Chimp 3 . Given that Plaintiff has undisputedly used the mark for thirty years, has sizeable real estate market value, engages in widespread advertising and promotional efforts, and has received at least some media recognition, Plaintiff has established a genuine fact as to whether its mark has acquired secondary meaning. The company said Stockdale had violated the terms of its lease with the redevelopment plans that shifted the malls emphasis as a retail center. A defensive stalwart, Oswego Easts Tyler Jasek surprises Joliet West. Notably, Plaintiff does not provide empirical evidence connecting Plaintiff's efforts to their efficacy in altering consumer association. Plaintiff provides only tenuous evidence that consumers have confused Defendants' junior mark for Plaintiff's senior mark. Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I. Id. Coll. Inc., 852 F.2d at 556 (explaining that lack of dictionary definitions is indicia that the primary significance of a mark is as a surname). in northern Denver sold last week to entities affiliated with Los Angeles-based Stockdale Capital Partners. Downtown's retail ghost town is on the cusp of construction activity with Horton Plaza's owner now financially equipped to convert the property into a mixed-use office campus for elite tech tenants. Tex. Kentucky-based Columbia Sussex sold the 175-key. Defendants are also "involved in leasing and property management operations, but only as it relates to themselves for their own or their affiliates' properties." "We are gearing up to really get aggressive and. Stockdale Capital Partners announced that it has reached a settlement with Macy's that will allow the company to proceed with the $275 million redevelopment of Horton Plaza in downtown San Diego. Stockdale acquired the leasehold interest in the Le Merigot and did not seek financing, Doak said. Shriners Hospital, which occupied the space for over 50 years, moved to a $77-million outpatient facility in Pasadena. Ahigh-density project like the Campus at Horton could bring thousands of jobs downtown and lift up surrounding neighborhoods, Michaels said, similar to development that has occurred in San Franciscos Transbay district, Chicagos West Loop and Scottsdales Old Town. The new layout called for an overhaul of the site that would strip it of its orignal detail and design intent. The Marker, a 208-key hotel built in 1910, is blocks away from Union Square and the Moscone Convention Center. focused on structured investment opportunities. At the time it played a vital role in cleaning up the seedy district, largely known for porn shops and topless bars. The record evidence raises factual questions regarding the extent to which the parties' real estate services overlap. He can shoot it., Justin Steele and 6 Chicago Cubs relievers combine for the 1st spring training no-hitter in franchise history, Leah Palmer experiences grand time as Geneva grinds out victory in Class 4A third-place game. Dist., 912 F.3d 805, 811 (5th Cir. Settlement Reached In Horton Plaza Lawsuit - San Diego Business Journal The firm did not respond to multiple requests for comment. 2018); Paulsson Geophysical Servs, Inc. v. Sigmar, 529 F.3d 303, 309 (5th Cir. The state is expecting to hold hearings on the complaints in the coming weeks. stockdale capital lawsuit. Los Angeles-based Stockdale's planned $275 million . "The main elements of Horton Plaza that of architectural significance are associated with the internal courtyard it has which is kind of a connecting spine,. A mark is primarily merely a surname if the surname "is the primary significance of the mark as a whole to the purchasing public." The name "Stockdale" was on a list of potential buyers. The partnership commissioned a study two years ago to show who is living downtown, what types of activity they like and where they want to live, Brennan said. (Doc. Although Plaintiff asserts three claims for relief under the Lanham Act and Texas common law, the same legal test applies to all three claims. Stockdale Capital Partners is now laying the groundwork to transform Horton Plaza into San Diegos next big economic windfall: a modern office campus. Macy's Continues Lawsuit Against Horton Plaza Redevelopment, News study outlines air pollution from Tijuana sewage, Art Show: 'The Possibility of Something Happening', MASTERPIECE CLASSIC: The Mystery Of Edwin Drood, Current rainy season could be a drought buster, forecaster says, Settlement reached in Tijuana sewage lawsuit, Brittney Griner urges the return of U.S. detainees abroad at NAACP Image Awards, Washington state attorney general says FDA rules on abortion drug are unreasonable, An Arizona driver is in custody after crashing into bicycling group, killing 2, How Cardiff's new farmers market may help keep small farms in business, San Diego officials work to stop elephant poaching. A genuine issue of material fact exists if a reasonable jury could enter a verdict for the non-moving party. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. They work on some very ambitious and cool projects such as Horton Plaza redevelopment but there isn't much information on the inner workings of the firm. If a mark has acquired secondary meaning, it is deemed to be a strong mark. See In re Hutchinson Tech. 41-1 at 112). Defendants contend that "Stockdale" is at best merely descriptive because it is a surname and because it is geographically descriptive. Westfield for $175 million. P. 56(a). at 109, Plaintiff has provided evidence of its various advertising and promotional efforts. Horton Plaza Mall believed to be in escrow with Stockdale Capital Partners 1225(a), and unfair competition under Texas common law. Defendants claim they were not aware of Plaintiff prior to this claim and they maintain that Plaintiff is not a competitor in the same marketplace. Stockdale Capital Partners is a growing vertically-integrated Los Angeles based real estate investment firm, affiliated with Stockdale Management, a property management firm. Luxottica Grp. reached a settlement with Macys that will allow the company to proceed with LOS ANGELES October 28, 2022 Stockdale Capital Partners (Stockdale), a Los Angeles-based, vertically-integrated real estate investment firm, won approval from the Los Angeles City Council for its 145,000 square-foot, Class-A medical building on Los Angeles Westside, adjacent to the Hotel on Brighton Blvd. We want downtown San Diego to be a serious contender for major facilities and site selection searches of the caliber of Amazons HQ2, said Dan Michaels, managing director of Stockdale Capital. Finally, Plaintiff was recognized in the Dallas Business Journal as one of the "Best Places to Work" in 2016, 2017, and 2018. Copyright 2023 by Stockdale Capital Partners - All Rights Reserved, Stockdale Capital Partners wins City of Los Angeles approval for 12-story, Class-A Medical building on Los Angeles Westside, Stockdale Capital Partners acquires The Source Hotel in Denver, Colorado, Stockdale Capital Partners acquires The Marker Hotel in San Francisco, Stockdale Capital Partners Acquires iconic Los Angeles Athletic Club, Stockdale Capital Partners Acquires The Shops at Northfield in Denver, Colorado, Stockdale Capital Partners Acquires Le Merigot Hotel in Santa Monica, Stockdale Capital Partners acquires the former hClub at 1717 Vine Street in Hollywood, Stockdale Capital Partners leases 9,727 square feet at Ilume Innovation Center to Commonspirit Healths Reference Lab, San Diego Office Campus is a Model for the Post-COVID World, Stockdale Capital Partners announces closing of inaugural commingled fund with $550 million in commitments, Stockdale Capital Partners Secures $330 Million Construction Loan for The Campus at Horton, Stockdale Capital Partners acquires 372,000 square foot Class A research and creative office building in North Scottsdale, Stockdale Capital Partners completes sale of iconic medical office building in Downtown Los Angeles, Horton Plaza to be Transformed into Downtown San Diegos Leading Retail and Creative Office Complex, Zillow finds its way home to Scottsdales leading tech hub, Stockdale Capital Closes Second Parking Purchase in San Francisco, Scottsdale Galleria Continues To Attract Job Creating Tenants, Stockdale Capital Partners and Jasper Ridge Partners have formed an institutional joint venture to recapitalize $142.5M Galleria Corporate Center in Scottsdale, AZ, Quilvest partners with Stockdale Capital to invest up to $100m for US medical RE, Stockdale Capital Partners Closes Purchase Of Metro-Portland Medical Office Building For New Medical Office Joint Venture, Stockdale Capital Completed REFI of Two Aloft Hotels, Investment Venture Closes Purchase of Soma Grand Garage in San Francisco, TEAM, Inc. . 53 at 18). 34). They contended Columbia Sussex accepted $63 million in PPP funding intended to keep workers employed, but ended up laying off thousands of people. SIGNED at Houston, Texas, on this the 15th of October, 2019. Earnhardt v. Kerry Earnhardt, Inc., 864 F.3d 1374, 1377 (Fed. It's a lofty vision that depends on high-profile tenants committing to the project and can be only realized once Stockdale Capital closes the transaction. Strength of the mark. No. Opinions expressed by Forbes Contributors are their own. Now that the hotel has a new owner, the union has higher hopes. Id. Id. Macy's filed a lawsuit to stop Stockdale Capital Partners' project. KEITH P. ELLISON UNITED STATES DISTRICT JUDGE. Earlier this month, Macy's West Stores, Inc. had filed a lawsuit against Stockdale Capital Partners, the Los Angeles-based real estate investment firm that purchased the Jon Jerde -designed. It has secured a $550 million real estate opportunity fund to look at new opportunities. 1988)). Stockdale Capital Partners Acquires Le Merigot Hotel in Santa Monica Despite the pandemic, Stockdale has embarked on a $12 million refurbishing effort to attract life science users. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Stockdale Capital Partners has until December 2022 to deploy a $550 million fund it closed in February of last year, according to Dan Michaels, managing director of the Los Angeles-based private . In 1979 she became KPBS Public Information Director, then Director of Advertising and Promotion, Program Director, and Director of Broadcasting. The shopping centers decline was expedited by years of indecision on the part of owner-operator Westfield, which is now itself the property of French real estate firm Unibail-Rodamco. San Diego Mayor Kevin Faulconer and several business leaders have asked Macy's to stand down from their lawsuit against Stockdale Capital Partners, the new owners of Horton Plaza Mall. Jacob Stockdale, whose family was on Wife Swap Season 4, was recently sentenced to 30 years in prison for murdering his mother, Kathy, and his brother James. Sint in voluptatem facilis deleniti eveniet iusto nesciunt optio. Newsletter Sign Up - Class Action Acquisitions Professionals - Any Activity? Refit of Anodyne Spurs Lawsuit and Countersuit - Megayacht News stockdale capital lawsuit - Lindon CPA's stockdale capital lawsuit - sure-reserve.com 34-8 at 2). Veritas $450M loan default: A sign of things to come? stockdale capital lawsuit. Plaintiff does not contend that Defendants intended to benefit from Plaintiff's good reputation. See 2 McCarthy on Trademarks and Unfair Competition 13:30 (5th ed.). the $275 million redevelopment of Horton Plaza in downtown San Diego. The lawsuit filed after an 18-month-long investigation alleges that the companies have, since 2015, collected over $75 million on more than 1,900 fraudulent, illegal loans. Seller: Principal Real Estate Investors. Menu. at 237; see also Wal-Mart Stores, Inc. v. Samara Bros, Inc., 529 U.S. 205, 210-11 (2000). The departure of Nordstrom in 2016, a preponderance of empty storefronts and a significant homeless presence in the adjacent Horton Plaza Park locally dubbed Homeless Plaza have all but doomed the propertys appeal as a shopping hub. Appx. 2010) ("A trademark infringement and unfair competition action under Texas common law presents essentially no difference in issues than those under federal trademark infringement actions.") See, e.g., (Doc. They feature, for example, different fonts, inverted color schemes, and one includes the additional words "Capital Partners." at 8. It could add an additional 1.5 million square feet of office space and other amenities down the road. Our vertically-integrated real estate investment group focuses on profitable opportunities within the Western United States. While Defendants' primary service is the acquisition and development of real estate for commercial uses, Plaintiff assists tenants in leasing properties it does not own, acquires real estate without seeking outside investor capital, and provides consultant services to third parties related to site selection and due diligence. (Doc. 2008) (internal citations omitted). 41-9). (Doc. This factor weighs against a likelihood of confusion. Along the canal, Stockdale . Asset include: commercial office, medical office/life science, hospitality, retail and mixed-use. Its a lofty vision that depends on high-profile tenants committing to the project and can be only realized once Stockdale Capital closes the transaction. In August 2018, Stockdale Capital Partners purchased the complex with the intention of developing it into The Campus at Horton, an office and retail complex. Plaintiff contends that the mark is arbitrary. Andrew Saba - Managing Director - Stockdale Capital Partners, LLC Jade also had the opportunity to cover international news and was able to travel to South Africa during the 2010 World Cup. Wage theft is commonplace in San Diego. Stockdale Capital Partners and Jasper Ridge Partners have formed an institutional joint venture to recapitalize $142.5M Galleria Corporate Center in Scottsdale, AZ. Stockdale Capital Partners Secures $330 Million Construction Loan for Property records show two transactions totaling $71 million. 2009). The product of builder Ernest W. Hahn, Horton Plaza opened in 1985 to national acclaim. The seller was Kentucky-based Columbia Sussex, which operates hotels across the country, and which was embroiled in a scandal over alleged misuse of federal Paycheck Protection Program last year. Id. Similarly, the plazas main thoroughfare will lose its meandering bridges and staircases in favor of cleaner lines and an inviting pathway leading from a lusher Horton Plaza park on Broadway to a completely re-skinned former Nordstrom building on G Street. Plaintiff claims that the current value of its real estate holdings is in excess of $150 million, and that since 2013 it has expended approximately $75 million in real estate acquisitions. In Horton Plaza, which was owned by Westfield Corp., Stockdale Capital acquired a five-level, 900,000-square-foot property onten blocks that was once considered the jewel of downtown San Diego. In another instance, Hunter Brous, a real estate broker, testified that in past discussions with third parties regarding Stockdale Investment Group and Stockdale Capital, "people have been confused about it or asked, is this the group in California?" LOS ANGELESStockdale Capital Partners (Stockdale) announced that it has acquired The Marker hotel in San Francisco for $77 million from Pebblebrook Hotel Trust. What's happening with Horton Plaza? Now we know See 2(e), 15 U.S.C. Texas Outhouse Inc. v. Fresh Can, LLC, 266 F. Supp. Size: 433,132 square feet, 10 stories. Mr. RP 74. Id. Gensler is designing the project, and CBRE is in charge of leasing. See In re Hutchinson Tech. Id. Celotex Corp. v. Catrett, 477 U.S. 317, 322 (1986). Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. Marriott Le Merigot in Santa Monica for $75 million in May, around $428,600 per room. (Doc. (2008) and Mamma Mia! is not active anymore since 2001-05-24 due to Merger - Without Assistance. Bd. Pebble Beach Co. v. Tour 18 1 Ltd., 155 F.3d 526, 540 (5th Cir. Two Pesos, 505 U.S. at 769. Copyright 2023 NBCUniversal Media, LLC. PublishedOctober 21, 2019 at 10:00 AM PDT. Filing 21 APPLICATION of Non-Resident Attorney Stephen R Mysliwiec to Appear Pro Hac Vice on behalf of Defendant Stockdale Capital Partners, LLC (Pro Hac Vice Fee - $500 Fee Paid, Receipt No. 3d 573, 589 (S.D. LOS ANGELES - April 19, 2021 - Stockdale Capital Partners ("Stockdale"), a Los Angeles-based, vertically-integrated real estate investment firm, announced that hospitality veteran William "Bill" Doak has joined the company as a Managing Director and Head of Stockdale Hospitality. To prevail on its infringement claim, Plaintiff must also show that "the defendant's use of the mark creates a likelihood of confusion in the minds of potential customers as to the source, affiliation, or sponsorship of the product at issue." In 1999, a Texas state court in Dallas ruled against Stockdale and Viper International in a civil lawsuit claiming securities fraud andmisrepresentation by selling false stock. But not his teammates. Sep 3, 2020. . 34-2 4). In August 2018, Plaintiff filed suit, alleging claims for relief including trademark infringement under 15 U.S.C. The latter three categories of marks are deemed inherently distinctive and are entitled to protection because their intrinsic nature serves to identify a particular source of a product. The real estate investment firm, currently in escrow on the Westfield-owned property, will strip the 33-year-old mall of its longstanding retail roots in favor of an all-inclusive, upscale work-and-play environment, according to multiple local community stakeholders who have been briefed on the firms plans.
