stockdale capital lawsuit

All rights reserved, In Your Neighborhood: What's Happening this Weekend in San Diego, Man Sentenced for Causing Crash That Killed Former Harbor Police Chief's Wife, 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'. 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. Pat Finn previously served as a producer for KPBS Midday Edition and KPBS Evening Edition. 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. Id. Disciplined, effective property operations and improvements. The California-based investment firm owns hotels in Scottsdale, Arizona, and medical and office space in California. Copyright 2023 NBCUniversal Media, LLC. Indeed, Plaintiff's evidence suggests that one individual reached out to Plaintiff's CEO after seeing "Stockdale" on a list of potential buyers of a property he was selling. 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. stockdale capital lawsuit. 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. February 22, 2017. Marriott Le Merigot hotel in Santa Monica sold to Stockdale Capital Partners for around $75 million, The Real Deal has learned. See the complete profile on LinkedIn and discover Jane's connections and jobs at similar companies. Id. Defendants now move for summary judgment. No. Greater San Diego Area View Troy's full profile . As part of that Emmy Award winning team, she covered elections, landed exclusive interviews, and interviewed presidential candidates. By signing up for ClassAction.org's newsletter, you can read all about the latest class action settlements, making it easier than ever to claim money that's owed to you. If a mark has acquired secondary meaning, it is deemed to be a strong mark. Two Pesos, Inc., 505 U.S. at 768 (citing Abercrombie & Fitch Co. v. Hunting World, Inc., 537 F.2d 4, 9 (2d Cir. Because Plaintiff's mark is merely descriptive, it is protectable only if it has acquired secondary meaning. Stockdale Capital Partners, a Los Angeles-based opportunistic real estate investor, paid $175 million for the beleaguered Horton Plaza in the heart of downtown San Diego last week and plans to. Tex. Recruiters / other best ways to find remote RE jobs? Rank: Chimp 3 . The company is an owner-operator specializing in the redevelopment and. Plaintiff is a real estate services company operating in Texas, California, and North Carolina. in the face of competition from online shopping outlets. They feature, for example, different fonts, inverted color schemes, and one includes the additional words "Capital Partners." This factor weighs in favor of a likelihood of confusion. Id. . Its part of a bid to transform San Diegos central business district into a tech hub by leveraging the high percentageof Millennials living in the city and the concentration of life science companies operating in the suburbs. Actual confusion. However, while empirical evidence such as consumer surveys is the strongest evidence of secondary meaning, it is not required. (Doc. 2009). No. ACACDC-33568730) filed by Defendant Stockdale Capital Partners, LLC. 41-2 3). Although Plaintiff testified that it does not track its advertising expenditures, id. No. Accordingly, Plaintiff's mark is descriptive as a surname. The new owner of The Shops at Northfield has added the real estate occupied by Macy's. An entity affiliated with Los Angeles-based Stockdale Capital Partners paid $8 million last week for the Macy's property at 8298 Northfield Blvd. "Stockdale" was chosen as a reference to Stockdale, California, where the company was founded. Stockdale plans to redevelop the mall into a $275 million high-tech office space with fitness studios and restaurants on the ground floor. I cover real estate development, fundamentals and finance. (Doc. Lebanon-St. Peter Cathedral at 333 San Vicente Blvd. Like other hotels hit hard by the pandemic, Columbia Sussex tapped federal funding through the governments PPP loan program. is not active anymore since 2001-05-24 due to Merger - Without Assistance. 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. of Supervisors for La State Univ. The moving party bears the burden of demonstrating the absence of a genuine issue of material fact. Lincoln Property Company (LPC), one of the largest full-service real estate firms in the United States - owning and managing over 400 million square . 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. We need to have a vibrant space there, said Betsy Brennan, president and CEO of the Downtown San Diego Partnership. The company said Stockdale had violated the terms of its lease with the redevelopment plans that shifted the malls emphasis as a retail center. Los Angeles, California. Xtreme Lashes, 576 F.3d at 231. Stockdale Capital buys 175-key hotel from Columbia Sussex, which was accused of misusing PPP funds, Stockdale Capital Partners bought the 175-key hotel. Field, flows and flares - horizontal drilling good-to-go. No. 41-9). buried verbs and zombie nouns examples how to increase accuracy in lstm model. Home; About us; Partner With Us; Contact Us; Sign Up; average 40 year old woman wrinkles . In finding no secondary meaning, the court emphasized that the plaintiff's symbol was not prominently displayed in its advertisements. 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. Plaintiff also attempted to register "Stockdale" as a trademark with the U.S. Patent and Trademark Office (the "USPTO"), but was denied the registration in 2018 on the basis that "Stockdale" is primarily a surname. The sophistication and diligence involved in real estate dealings weigh against a likelihood of confusion. Founded in 2010, Stockdale Capital Partners is a real estate investment firm with 214 years of combined experience. . Stockdale Capital isnt the only investor in downtown San Diego targeting tech tenants. In 2018, Stockdale Capital Partners purchased the property and announced plans to develop it into an office park and tech campus. Last year, Stockdale Capital Partners purchased the property for $175 million with a plan to repurpose Horton Plaza's post-modern buildings as an employment hub that would appeal to elite tech. Property records show two transactions totaling $71 million. 41 at 5). 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. How Much Do Twitch Streamers Make Per Ad, 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. 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. The site is adjacent to where Stockdale is already developing the Marquee office building at Scottsdale Road and Shoeman Lane. Partner at Stockdale Capital Partners Los Angeles, California, United States 59 followers 41 connections Join to connect University of Pennsylvania - The Wharton School Activity We're. Stockdale acquired the mall in 2018 from Westfield for $175 million. Pebble Beach Co. v. Tour 18 1 Ltd., 155 F.3d 526, 540 (5th Cir. However, such usage is not dispositive of the primary significance of "Stockdale" to the public and, in any event, this evidence does not overcome the USPTO's prima facie case against registration. There, the plaintiff, a self-storage services company, sued a competitor for infringing upon its use of a particular star symbol. 34-5 at 138:15-24). Its suit is based on its leases which grant them veto power over any changes. HON. Keep up with all the latest news, arts and culture, and TV highlights from KPBS. Indeed, "Stockdale" is not defined in the dictionary. 2d at 698, typically ranging between $50 million and $200 million and at times reaching up to $400 million. The Fifth Circuit affirmed that there was no fact issue as to whether the plaintiff's symbol had acquired secondary meaning even though the plaintiff had used the symbol for ten years, spent nearly $725,000 in advertising and promoting the symbol, realized over $11.5 million in revenue since it began using the symbol, and declarations from consumers indicated confusion when seeing rival self-storage facilities that displayed symbols similar to that of the plaintiff. Cir. Stockdale acquired the mall in 2018 from Westfield for $175 million. (John Kelley, John Gibbins, Jennifer Van Grove). (Doc. Yari's company, Stockdale Capital, recently completed the adaptive reuse of the former Henkel Scottsdale headquarters near Loop 101 and Scottsdale Road, including renaming the building, the . Ticketmaster Dallas Stars, Id. Authors Channel Summit. The product of builder Ernest W. Hahn, Horton Plaza opened in 1985 to national acclaim. The USPTO denied Plaintiff's application to register "Stockdale" in October 2018 on the basis that it is primarily a surname. SIGNED at Houston, Texas, on this the 15th of October, 2019. Stockdale Capital Partners is a growing Los Angeles based vertically-integrated real estate investment firm, affiliated with Stockdale Management, a property management firm. No. Founded in 2010, Stockdale Capital Partners is a real estate investment firm focused on owning and acquiring assets in the western United States. The best employees, having . . The new owners, Stockdale Capital Partners, bought Horton Plaza just over a year ago and have. No. Katrina has 7 jobs listed on their profile. All content is posted anonymously by employees working at Stockdale Capital Partners. Defendants contend that Plaintiff's mark, "Stockdale," is not protectable because it is merely descriptive as a surname or a geographical descriptor and has not acquired secondary meaning. Redevelopment of Horton Plaza in downtown San Diego is ramping up with a $330 million loan secured by Stockdale Capital Partners with a group of funds managed by Alliance Bernstein. 4:18-cv-2949 (S.D. Louisville Football 2020 Stats, Defendants "typically target investments, acquisitions, and developments that are in the $50 [million] to $200 [million] range, but up to $400 [million]." The city has all the elements necessary for a vibrant live-work-play environment, save for the large blocks of urban, creative work space craved by major employers.. 1971). That process may hinge around a successful resolution to a lawsuit brought against Westfield in late May by disgruntled Horton Plaza tenant Jimbos. Amazing Spaces, Inc. v. Metro Mini Storage, 608 F.3d 225, 237 (5th Cir. (Doc. 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. See SA Bay LLC v. Hall, 849 F. Supp. Sorry, you need to login or sign up in order to vote. 53 at 15). 34-8 at 2). 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. The organisation's status is listed as "Active". This is ClassAction.org's current list of open lawsuits and investigations. This factor weighs against a likelihood of confusion. or Want to Sign up with your social account? Exterior construction will begin shortly with 600-800 construction workers expected [] Los Angeles-based Stockdale's planned $275 million . 41-7) and the International Council for Shopping Centers (Doc. The Trademark Board considers several factors in determining the primary significance of the mark to the purchasing public, including: (1) the rarity of the name, (2) whether it is the name of the applicant, (3) whether there is a significant non-surname meaning, (4) whether the designation has the look and sound of a surname, and (5) whether the context of use contributes to the perception of the designation as a surname. To prevail on a trademark infringement claim under the Lanham Act, 15 U.S.C. Oct. 15, 2019). 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. The list is updated frequently, so check . Macys sued Stockdale Capital Partners in October arguing that Stockdales plans to turn the shopping center into a mixed used development centered on the development of new offices violated Macys lease. Coll. Allegations of unpaid labor, bribery, and more surround the initial lawsuit and a countersuit. 34-13 at 2). at 10. 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. 300,000 square feet to make room for offices. Every story is a dose of insight into how to run a better, more efficient, more profitable business. The flashy-at-the-time shopping center, designed with a Disneyland-meets-Italian-hills vibe, was seen as a model of urban development. Care exercised by potential purchasers. Complaint in Saba Capital CEF Opportunities 1 Ltd., of the Cayman Islands, and Saba Capital Management LP, of Delaware v. Nuveen Floating Rate Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, Nuveen Global High Income Fund, Nuveen Senior Income Fund, Terence J. Toth, Jack B. Evans, William C. Hunter, Albin F. Moschner, John K. Nelson . Retailer's Exit Lets Developer Stockdale Proceed With $275 Million Downtown Project By Lou Hirsh CoStar News Developer Stockdale Capital Partners' plans to turn a faded downtown San Diego mall into creative offices are back on schedule, after longtime tenant Macy's dropped its opposition and announced plans to vacate the site in March. 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 8. 34-8 at 2). the mall from the 600,000 square feet that was required in deed restrictions to See Xtreme Lashes, 576 F.3d at 229. 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. "Stockdale" was chosen as a reference to Stockdale, California, where the company was founded. Defendants are also "involved in leasing and property management operations, but only as it relates to themselves for their own or their affiliates' properties." Gary Stockdale is known for Star Trek Beyond (2016), Mamma Mia! While there, she launched The Weekend Edition of Good Morning Indiana and generated breaking news content for both broadcast and digital platforms. A mark is protectable if it is distinctive, meaning it must be "capable of distinguishing the applicant's goods from those of others." Stockdale acquired the mall in 2018 from Westfield for $175 million. 2017) (internal citation omitted). The center was sold by Australian investment firm QIC, which purchased it in late 2017 as part of a larger deal with . 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. 41-17 at 26:12-16). In each newsletter, we also highlight settlements that are ending soon, helping to ensure you don't miss out on money you're owed. stockdale capital lawsuit. Id. Size: 433,132 square feet, 10 stories. The mall was designed by architect Jon Jerdeand opened in 1985 in the citys historic Gaslamp Quarter. Food and Words for Nerds. (Doc. A likelihood of confusion requires a "probability of confusion, which is more than a mere possibility of confusion." It further contends that there is no likelihood of confusion between Plaintiff and Defendants' marks. See In re Hutchinson Tech. In this case, the Court finds that the parties' marks share sufficient similarities that a consumer could conceivably believe that Defendants are associated with Plaintiff. She is a proud graduate of Florida Agricultural and Mechanical University. 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. LOS ANGELESStockdale Capital Partners (Stockdale) announced that it has acquired The Marker hotel in San Francisco for $77 million from Pebblebrook Hotel Trust. of Law, 214 F. Supp. vintage canvas 'painting ideas. Gary Stockdale. The total square footage of the properties, located at 9090 Wilshire. The evidence and inferences must be viewed in the light most favorable to the nonmoving party. 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