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. 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. Courts have recognized that the more expensive the item or service, the more care a potential purchaser will likely take in its selection. Macy's is not sold on the idea. (John Kelley, John Gibbins, Jennifer Van Grove). The 110-foot, $20 million-plus mega-yacht is expected to launch in 2017. Macy's filed a lawsuit to stop Stockdale Capital Partners' project. Voluptates quis est qui aut nulla. 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. Stockdale Capital released its first public renderings of the Horton Plaza redevelopment project ahead of a meeting with Civic San Diego, and it's not good news. While the Jon Jerde-designed center attracts almost no customers today, it does attract lawsuits. Moreover, both parties acknowledge that potential consumers in the real estate industry exercise a high degree of due diligence in their dealings. No. Stockdale acquired the leasehold interest in the Le Merigot and did not seek financing, Doak said. Shops at Northfield mall sells for $16M less than 2017 purchase price The Business Journalis the premier business publication in San Diego. "Stockdale" was chosen as a reference to Stockdale, California, where the company was founded. The environment feels very comfortable and very artistic.. 41-15 Ex. The lawsuit says the plaintiff, the owner of a Virginia plumbing business who allegedly paid the defendants "a staggering $347,075 in interest" in less than a year and an additional $68,494 in ACH program fees, is a prime example of "both the destruction of small businesses and the devastation to their individual owners and families." Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. What jumps out at me the most is how open (the design) is, said Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corporation. stockdale capital lawsuit - sure-reserve.com . 3d 1151, 1159 (S.D. 41-9). View Jane Stockdale's profile on LinkedIn, the world's largest professional community. Stockdale Capital has been on a trading spree. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Glassdoor has 3 Stockdale Capital Partners reviews submitted anonymously by Stockdale Capital Partners employees. No. Because Plaintiff's mark is merely descriptive, it is protectable only if it has acquired secondary meaning. Pat Finn previously served as a producer for KPBS Midday Edition and KPBS Evening Edition. (Doc. 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. 34-5 at 138:15-24). The Court finds that Stockdale is at best descriptive as merely a surname, and accordingly does not discuss whether the mark is geographically descriptive. No. 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. Along the canal, Stockdale . In August 2018, Plaintiff filed suit, alleging claims for relief including trademark infringement under 15 U.S.C. Defendants "typically target investments, acquisitions, and developments that are in the $50 [million] to $200 [million] range, but up to $400 [million]." 2019). A massive adaptive reuse project in downtown San Diego, Campus at Horton, signals the start of an urban lab boom. Defendants have demonstrated that their real estate investments are a "big ticket" item, RE/MAX Int'l, Inc., 655 F. Supp. Industry: Venture capital companies Printer Friendly View Address: 10850 Wilshire Blvd Los Angeles, CA, 90024-4305 United States While a subsequent owner converted the shopping center into offices, Stockdale Capital renovated the assetand has attracted tenants such as Yelp, Indeed, Spacesand most recently,Zillow. The new owners, Stockdale Capital Partners, bought Horton Plaza just over a year ago and have now been sued by one of its last remaining tenants, Macy's Department Store. at 321-25. (Doc. The list is updated frequently, so check . 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. 1051 et seq., a plaintiff must show, first, ownership of a legally protectable mark and, second, a likelihood of confusion created by an infringing mark. It focuses on the "real estate design, construction, and property management space." in the face of competition from online shopping outlets. Id. 27, 2017) (quoting Am Rice, 518 F.3d at 332)). Stockdales reinterpretation of the space, Cafferty and Brennan said, is a welcome improvement as it add jobs to a region thats already been enriched by a smattering of residential towers. Plaintiff contends in response that "Stockdale" is also the name for several cities, neighborhoods, and public schools across the country. The site is adjacent to where Stockdale is already developing the Marquee office building at Scottsdale Road and Shoeman Lane. See the complete profile on LinkedIn and discover Jane's connections and jobs at similar companies. 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. After considering the parties' filings, all responses and replies thereto, oral argument, and the applicable law, the Court finds that Defendants' Motion for Summary Judgment must be DENIED. Plaintiff relocated its headquarters to Texas in 2012. Stockdale Capital Partners Acquires The Marker Hotel 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. She is a proud graduate of Florida Agricultural and Mechanical University. What's happening with Horton Plaza? Now we know In Morrisville, North Carolina, the Spark LS development, a $1B, 109-acre campus project by Starwood Capital Group and Trinity Capital, will spread 1.5M SF of lab space across more than a dozen . The refit of Anodyne began when an American owner acquired a 98-foot (approximately 29.9-meter) Inace motoryacht in 2014, then-named Boundless. In each newsletter, we also highlight settlements that are ending soon, helping to ensure you don't miss out on money you're owed. The California-based investment firm owns hotels in Scottsdale, Arizona, and medical and office space in California. Next door to Horton Plaza, British Columbia-based Bosa Developmentis planning a major redevelopment of the Paladion building to make way for 162,000 square feet of creative office space. 41-2 3). Defendants "are primarily focused on the acquisition and development of real estate for commercial uses" and seek investments from "ultra-high net worth individuals." Id. Full title:STOCKDALE INVESTMENT GROUP INC. D/B/A STOCKDALE, Plaintiff, v. STOCKDALE, Court:UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION. Although Plaintiff asserts three claims for relief under the Lanham Act and Texas common law, the same legal test applies to all three claims. Marriott Le Merigot in Santa Monica for $75 million in May, around $428,600 per room. Jade is a three-time Emmy nominee, a National Association of Black Journalists Salute to Excellence Finalist, and the recipient of a South Carolina Associated Press Award. No. Attorneys At Baird Holm we are always looking for talented attorneys to help strengthen our firm. Newsletter Sign Up - Class Action In weighing these factors, no one factor is dispositive, and a finding of likelihood of confusion need not be supported by a majority of the factors. Advertising media identity. Stockdale Capital already has a template for the project: Four years ago in the Old Town district of Scottsdale, Arizona, it acquired the 537,100-square-foot Galleria, an anchorless mall concept that opened in a sluggish economy in 1991 and then promptly closed two years later. Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I. 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. He confirmed that Stockdale Capital Partners which specializes in investing, developing and managing under-performing commercial real estate is now in escrow to buy the mall. Luxottica Grp. (Attachments: #1 Supplement Certificate of Good Standing USDC DC, #2 Supplement Cert . Address: 20 Greenway Plaza. Co-Founders Shawn and Steven Yari, with the property at 1740 Ocean Avenue (Google Maps). A defensive stalwart, Oswego Easts Tyler Jasek surprises Joliet West. (Courtesy Stockdale Capital Partners) The project, named The Campus at Horton, . Stockdale Capital Partners declined to comment for this story. Bill Doak has more than 30 years of hospitality industry experience, with senior leadership roles in Acquisitions Professionals - Any Activity? But the idea, which resembles a similar project the builder completed at its Galleria Corporate Center in Arizona, is to reshape the dated, oversized mall into the kind of unique office space desirable to the nations most renowned tech firms. Plaintiff contends that the mark is arbitrary. Westfield for $175 million. at 248-49. (2008) and Mamma Mia! Settlement Reached In Horton Plaza Lawsuit - San Diego Business Journal In total, the project will cost about $450 million to develop. Stockdale Capital Partners, a Los Angeles-based opportunistic real estate investor, paid $175 millionfor the beleaguered Horton Plaza in the heart of downtown San Diego last week and plans to convert the mall into a mixed-use office and retail development that will cater to technology and creative companies. 'Insatiable Appetite' For Life Sciences Space Seeds Downtown - Bisnow 1998). Authors Channel Summit. Stockdale Capital Partners is a growing vertically-integrated Los Angeles based real estate investment firm, affiliated with Stockdale Management, a property management firm. The sophistication and diligence involved in real estate dealings weigh against a likelihood of confusion. Excited to kick off 2023 with the news that Cain has been nominated in two categories for Real Estate . State of the art equipment in a caring environment. Location & Hours 4000 Empire Dr Ste 100 Bakersfield, CA 93309 Get directions Edit business info Amenities and More All staff fully vaccinated Masks required Staff wears masks Accepts Credit Cards Scottsdale OKs plan for $175 million waterfront hotel, condo project With 0 million in the bank, Horton Plaza owner ready to overhaul em Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. This factor weighs in favor of a likelihood of confusion. invitation to love poem analysis; how to take care of your soul sermon; list of largest unsupported domes in the world. (Doc. No. 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. Moreover, as the USPTO further determined, the mark has the structure and pronunciation of a surname, there is no stylization associated with the mark that would remove its primary significance from being that of a surname, and the mark has no other known meanings. Veritas $450M loan default: A sign of things to come? Vel assumenda harum laborum alias. 53 at 15). Read employee reviews and ratings on Glassdoor to decide if Stockdale Capital Partners is right for you. Downtowns retail dead zone Horton Plaza is headed for permanent retirement. Steve and Shawn Yari, who founded Spellbound Entertainment, are also managing partners at Stockdale Capital Partners, a real estate investment firm based in Los Angeles, California, that owns . Springboards to Educ., 912 F.3d at 811. San Diego Union-Tribune reporter Jennifer Van Grove joins Midday Edition to explain the lawsuits and and the cutrrent status of the mall. Stockdale Capital will rename the property the Campus at Horton, and the first phase of its redevelopment plan calls for brightening up the fortress-like building with light-filled creative office space across the upper floors and retail, entertainment and restaurants on the ground floor. Id. at 228-29 (emphasis added) (determining that although distinguishable, the "Xtreme Lashes" and "Xtended Beauty" logos were sufficiently similar that consumers could believe that Xtended Beauty was a product line offered by Xtreme Lashes). Strength of the mark. Mar. P. 56(a). Similarity of the services and purchaser identity. 2018); Paulsson Geophysical Servs, Inc. v. Sigmar, 529 F.3d 303, 309 (5th Cir. WSO depends on everyone being able to pitch in when they know something. (Doc. Inc., 852 F.2d at 556. The organisation's status is listed as "Active". Stockdale Capital Partners said Monday that an engineering and design firm found that the Horton Plaza redevelopment project has the necessary features to serve San Diego's thriving life . Kentucky-based Columbia Sussex sold the 175-key. Xtreme Lashes, 576 F.3d at 231. 300,000 square feet to make room for offices. of Houston Sys. The decision to close, which is being characterized as temporary, comes as Someck continues his nearly two-year legal tussle with Horton owner Stockdale Capital Partners over the terms of the . at 6. Jade also had the opportunity to cover international news and was able to travel to South Africa during the 2010 World Cup. No. Stockdale Capital Partners is now laying the groundwork to transform Horton Plaza into San Diegos next big economic windfall: a modern office campus. Stockdale Capital Partners is a growing Los Angeles based vertically-integrated real estate investment firm, affiliated with Stockdale Management, a property management firm. This is a trademark infringement and unfair competition dispute between Plaintiff Stockdale Investment Group d/b/a Stockdale ("Plaintiff") and Defendants, Stockdale Capital Partners, LLC and its affiliated companies (collectively "Defendants"), over the use of "Stockdale." He was told that that was a different Stockdale. LOS ANGELESStockdale Capital Companions (Stockdale), a Los Angeles-based, vertically-integrated actual property funding company, bought the DoubleTree Suites Salt Lake Town Downtown. Firm Sells Offices in $156M Deal - Los Angeles Business Journal See In re Hutchinson Tech. Stockdale Capital Partners offers enhanced returns through extensive market knowledge in streamlined acquisitions and well-managed property operations, all while preserving capital. RE/MAX Int'l, Inc. v. Trendsetter Realty, LLC, 655 F. Supp. 34-2 7, 9). All rights reserved, Actor Tom Sizemore, of Saving Private Ryan,' Dies at 61, La Mesa Woman Says Paving Company Forced Her to Pay for Unfinished Driveway, San Diego Lands on Top 20 List of Happiest Places to Live,' Other San Diego Cities on List, Wife of Missing Wild 94.9 Host Indicates JV Will Not Be Coming Back'. 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. Tex. Descriptive marks are not inherently distinctive because they merely "identif[y] a characteristic or quality of an article or service, such as its color, odor, function, dimensions, or ingredients." Stockdale Capital Partners. Apply to Senior Financial Accountant, Realtor, Line Cook/prep Cook and more! Care exercised by potential purchasers. Macy's is filing suit against the Horton Plaza Mall demolition They contended Columbia Sussex accepted $63 million in PPP funding intended to keep workers employed, but ended up laying off thousands of people. Id. Bulbs 4 East Side, Inc. v. Ricks, 199 F. Supp. No. Copyright 2023 NBCUniversal Media, LLC. (Doc. Defendants maintain that they do not engage in any advertising, marketing, or sponsorships. A genuine issue of material fact exists if a reasonable jury could enter a verdict for the non-moving party. However, it remains unfinished, currently sitting in a South Florida shipyard. 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. stockdale capital lawsuit. Wal-Mart Stores, Inc., 529 U.S. at 210-11. The company in January reached a settlement of a lawsuit that had been filed by Macys. See, e.g., Viacom Int'l, 891 F.3d at 191. Mitaa Group Moves Ahead On Redevelopment of Shriners Hospital LPC acquires stake in proptech leader Equiem. Stockdale Capital Partners is now laying the groundwork to transform Horton Plaza into San Diegos next big economic windfall: a modern office campus. Notably, Plaintiff does not provide empirical evidence connecting Plaintiff's efforts to their efficacy in altering consumer association. 53). An identifying mark can be distinctive in one of two ways: it can be inherently distinctive, or it can acquire distinctiveness through "secondary meaning." at 935. 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 moving party bears the burden of demonstrating the absence of a genuine issue of material fact. Marriott Le Merigot hotel in Santa Monica sold . What do you want to hear hosts Jade Hindmon and Maureen Cavanaugh talk about on Midday? The deal closed May 11. Co-Founders Shawn and Steven Yari, with the property at 1740 Ocean Avenue (Google Maps . (Doc. Stay current on our latest investment opportunities and news affecting todays real estate investment industry. The Court finds neither the passing email inquiry nor allusions to third parties' confusion to be compelling evidence of actual confusion. Class Action Lawsuit List | Open & Current Cases | ClassAction.org Where the likelihood-of-confusion analysis is closely balanced, the question should be resolved in favor of the senior user. Id. (Doc. 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. The Company invests, owns, and operates multiple asset classes. Stockdale Capital Partners announced the agreement reached with Macy's to allow the downtown San Diego project to move forward. See Bd. Id. By contrast, generic marks "refer to the genus of which the particular product is a species," and thus are never registrable as trademarks. 41-10). The company said Stockdale had violated the terms of its lease with the redevelopment plans that shifted the malls emphasis as a retail center. can you smoke on royal caribbean cruise ships stockdale capital lawsuit. why is there a plague in thebes oedipus. Here We Go Again (2018). at 109, Plaintiff has provided evidence of its various advertising and promotional efforts. In the process, the developer hopes to create thousands of high-paying jobs and hundreds of millions of dollars if not billions in yearly economic impact. Buyer: Los Angeles-based Stockdale Capital Partners. Stockdale Capital Partners announced that it has As with secondary meaning, the question of likelihood of confusion is a heavily fact-bound inquiry that, in this case, is best reserved for a jury. Defendants contend that "Stockdale" is at best merely descriptive because it is a surname and because it is geographically descriptive. Los Angeles-based Stockdale's planned $275 million . R. Civ. No. Group v. Stockdale Capital Partners, LLC - Casetext The product of builder Ernest W. Hahn, Horton Plaza opened in 1985 to national acclaim. The American Civil Liberties Union's West Virginia chapter filed a federal lawsuit last week. May 20, 2021 01:15 PM.
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