The company in January reached a settlement of a lawsuit that had been filed by Macys. (Doc. Andrew Saba - Managing Director - Stockdale Capital Partners, LLC To determine whether a mark has acquired secondary meaning, the Fifth Circuit considers the following factors: To support its contention that it has acquired secondary meaning, Plaintiff provides evidence that it has used the "Stockdale" mark continuously for the past thirty years since its inception in 1989. 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. Shore Capital, a small London stockbroker whose business relies on small companies believing there is a benefit in being public, is quitting the stock market. On one hand, Defendants argue that the parties provide different services and operate on different scales. About Stockdale Capital Partners Founded in 2010, Stockdale Capital Partners is a real estate investment firm with 214 years of combined experience. stockdale capital lawsuit - assuredtriumph.com 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. 3d 928 (S.D. Westwood-based Stockdale Capital Partners bought the J.W. 2019). 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. 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. The new layout called for an overhaul of the site that would strip it of its orignal detail and design intent. See you on the other side! No. 41-17 at 26:12-16). By contrast, generic marks "refer to the genus of which the particular product is a species," and thus are never registrable as trademarks. 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 . Disciplined, effective property operations and improvements. Pat Finn previously served as a producer for KPBS Midday Edition and KPBS Evening Edition. Mar. The Court addresses each in turn. Before the pandemic, Le Merigot housekeeping staff had filed complaints with California, alleging the company withheld wages and failed to pay overtime, according to Unite Here, a labor union that represents around 50 workers at the hotel. 53 at 18). 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. This factor is also neutral. 2016); see also Smack Apparel Co., 550 F.3d 465 (5th Cir. Defendants "typically target investments, acquisitions, and developments that are in the $50 [million] to $200 [million] range, but up to $400 [million]." 41-8); and it has sponsored various events such as the Design Week Dallas, 2018 Thrift Studio, and Light Up Lakewood (Doc. They contended Columbia Sussex accepted $63 million in PPP funding intended to keep workers employed, but ended up laying off thousands of people. Details on the settlement were not released. Such associational confusion is particularly pertinent where, as here, both parties are real estate companies employing the name "Stockdale" with logos containing similar color schemes. Loan Of $330M Secured For Horton Plaza Redevelopment The refit of Anodyne began when an American owner acquired a 98-foot (approximately 29.9-meter) Inace motoryacht in 2014, then-named Boundless. Can Downtown San Diego Transform Into A Tech Hub? One - Forbes SIGNED at Houston, Texas, on this the 15th of October, 2019. Stockdale Capital Partners offers enhanced returns through extensive market knowledge in streamlined acquisitions and well-managed property operations, all while preserving capital. 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. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon . Stockdale Capital Partners Acquires The Marker Hotel No. 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. Shriners Hospital, which occupied the space for over 50 years, moved to a $77-million outpatient facility in Pasadena. 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. This factor is neutral. Design work on the 10-acre project is being led by Retail Design Collaborative and Rios, Clement Hale. 'A National Epidemic': Yellowstone Capital Hit with RICO Lawsuit Over The sophistication and diligence involved in real estate dealings weigh against a likelihood of confusion. at 638). Id. Stockdale Capital Partners is now laying the groundwork to transform Horton Plaza into San Diego's next big economic windfall: a modern office campus. 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. Id. at 10. (Doc. Gary Stockdale is known for Star Trek Beyond (2016), Mamma Mia! Stay current on our latest investment opportunities and news affecting todays real estate investment industry. Stockdale Capital Partners announced the agreement reached with Macy's to allow the downtown San Diego project to move forward. the $275 million redevelopment of Horton Plaza in downtown San Diego. 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. in Denver, according to public records. Shops at Northfield mall sells for $16M less than 2017 purchase price The Court made that decision in response to a lawsuit filed by the Sierra Club. in northern Denver sold last week to entities affiliated with Los Angeles-based Stockdale Capital Partners. Alpha generated through enhanced property-level operations. Agric. 53). Texas Outhouse Inc. v. Fresh Can, LLC, 266 F. Supp. 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. Seller: Principal Real Estate Investors. Founded in 2010, Stockdale Capital Partners is a real estate investment firm with 214 years of combined experience. 3d 573, 589 (S.D. 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. At the time it played a vital role in cleaning up the seedy district, largely known for porn shops and topless bars. Refit of Anodyne Spurs Lawsuit and Countersuit - Megayacht News That process may hinge around a. All. See (Doc. Plaintiff relocated its headquarters to Texas in 2012. stockdale capital lawsuit Anyone familiar with the culture, hours, and comps for investment associate at Stockdale Capital Partner? All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. 41-9). According to Pop Culture Crime, the Stockdale family of Beach City, Ohio, was one of the more aggressively traditional and wholesome families to ever appear on "Wife Swap." Bargain Hunters - Los Angeles Business Journal Stockdale Capital Partners purchased a 175-key hotel. Although Plaintiff testified that it does not track its advertising expenditures, id. 3d 1151, 1159 (S.D. or Want to Sign up with your social account? It further contends that there is no likelihood of confusion between Plaintiff and Defendants' marks. 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. Joseph Wong Design Associates is designing that project, and JLL is in charge of leasing. 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. A mark develops secondary meaning "when, in the minds of the public, the primary significance of [the mark] is to identify the source of the product rather than the product itself." Mr. RP 74. The flashy-at-the-time shopping center, designed with a Disneyland-meets-Italian-hills vibe, was seen as a model of urban development. Id. Stockdale Capital Partners has sold two medical office properties in Beverly Hills and Santa Monica in a $156 million deal. for Better Gov't, 901 F.3d 498, 505 (5th Cir. Rendering courtesy of Stockdale Capital Partners The company purchased Horton Plaza, a once-vibrant downtown mall, from Westfield in August 2018, with the intention of transforming the post-modern buildings into a life science destination encompassing 770,000 square feet of office space. Two Pesos, Inc., 505 U.S. at 768 (citing Abercrombie & Fitch Co. v. Hunting World, Inc., 537 F.2d 4, 9 (2d Cir. See, e.g. Id. The product of builder Ernest W. Hahn, Horton Plaza opened in 1985 to national acclaim. 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." Before the Court is Defendants' Motion for Summary Judgment. Marriott Le Merigot hotel in Santa Monica sold . . P. 56(a). 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. Subscribe. Although Plaintiff asserts three claims for relief under the Lanham Act and Texas common law, the same legal test applies to all three claims. Vel assumenda harum laborum alias. A mark is primarily merely a surname if the surname "is the primary significance of the mark as a whole to the purchasing public." 41-4 at 117), (Doc. The strength of a mark is determined by the quality of the mark and, more importantly, by the degree to which it is recognized in the marketplace. VIEW OUR HISTORY Investment Strategy. 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. 41 at 5). A defensive stalwart, Oswego Easts Tyler Jasek surprises Joliet West. Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I. (Doc. Defendants "are a family of real estate investment, development, and management companies headquartered in Los Angeles." 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. 41-1 at 105-07); it pays for membership in industry groups such as the Urban Land Institute (Doc. Plaintiff Walter F. Jones filed his lawsuit against J.G. 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. Industry: Venture capital companies Printer Friendly View Address: 10850 Wilshire Blvd Los Angeles, CA, 90024-4305 United States 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. Gary Stockdale - IMDb Defendants urge that the evidence presented here is more analogous to that in Amazing Spaces, Inc., 608 F.3d at 225. 300,000 square feet to make room for offices. Tex. Celotex, 477 U.S. at 322-25. (internal quotation marks omitted). The center was sold by Australian investment firm QIC, which purchased it in late 2017 as part of a larger deal with . Construction Moving Quickly on Old Nordstrom Site 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. for Good Gov't, 901 F.3d at 508. The American Civil Liberties Union's West Virginia chapter filed a federal lawsuit last week. The company is an owner-operator specializing in the redevelopment and. Los Angeles-based Stockdale's planned $275 million . Notably, Plaintiff does not provide empirical evidence connecting Plaintiff's efforts to their efficacy in altering consumer association. Deleniti a sapiente doloribus et rerum. Firm Sells Offices in $156M Deal - Los Angeles Business Journal Old Town Scottsdale remains king as other corridors start to get Tex. PublishedOctober 21, 2019 at 10:00 AM PDT. Like other hotels hit hard by the pandemic, Columbia Sussex tapped federal funding through the governments PPP loan program. 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. Wal-Mart Stores, Inc., 529 U.S. at 210-11. Its clear that there are many millennials who would like to live downtown, and do live downtown, but have to commute north to job centers. 1971). We are moving full steam ahead with leasing discussions and to announce a mix of exciting and impactful tenants shortly.. 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 company said Stockdale had violated the terms of its lease with the redevelopment plans that shifted the malls emphasis as a retail center. The mall was designed by architect Jon Jerdeand opened in 1985 in the citys historic Gaslamp Quarter. What do you want to hear hosts Jade Hindmon and Maureen Cavanaugh talk about on Midday? Group v. Stockdale Capital Partners, LLC - Casetext Xtreme Lashes, 576 F.3d at 231. Earnhardt v. Kerry Earnhardt, Inc., 864 F.3d 1374, 1377 (Fed. . Id. Bill Doak has more than 30 years of hospitality industry experience, with senior leadership roles in By Posted halston hills housing co operative In anson county concealed carry permit renewal 53 at 15). Additional office space is planned by Stockdale Capital Partners for Horton Plaza, although a pair of the mall's current tenants are fighting the conversion. Stockdale Capital Partners LLC Company Profile | Los Angeles, CA The evidence and inferences must be viewed in the light most favorable to the nonmoving party. Culver City-headquartered mobile game developer Jam City Inc. reported Nov. 28 it acquired a new title from Uken Studios Inc., which does business as Uken Games. Shops at Northfield owner pays $8M for Macy's real estate 2008) (affirming a grant of summary judgment on plaintiff's claim of trademark infringement on a record without survey evidence). No. stockdale capital lawsuit It allows the public to enjoy Horton Plaza, retains some wonderful retail space and high-end restaurant space, and gives downtown a whole new opportunity for Class A tech office space.. 34). Westwood-based Stockdale is just the latest Los Angeles-based investment firm to hunt for hotel acquisitions in the pandemic. Los Angeles-based Stockdale's planned $275 million . Opinions expressed by Forbes Contributors are their own. Marriott Le Merigot hotel in Santa Monica sold to Stockdale Capital Partners for around $75 million, The Real Deal has learned. Courts have recognized that the more expensive the item or service, the more care a potential purchaser will likely take in its selection. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Make your practice more effective and efficient with Casetexts legal research suite. Field, flows and flares - horizontal drilling good-to-go. 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. In May, it sold . Plaintiff does not contend that Defendants intended to benefit from Plaintiff's good reputation. stockdale capital lawsuit - digimindtechnologies.com 1225(a), unfair competition under 15 U.S.C. at 935. Stockdale Capital Partners is a growing Los Angeles based vertically-integrated real estate investment firm, affiliated with Stockdale Management, a property management firm. Here, as discussed supra, "Stockdale" is descriptive and there is a genuine question of fact as to whether it has acquired secondary meaning. The State of California Superior Court - Kern County reported the following activity in the suit brought by Stockdale Kitchen and Bath against Corey Delater on June 8: 'Petition For Harassment'.. Case number BCV-21-101087 was filed in the State of California Superior Court - Kern County on May 17. 4:18-cv-2949 (S.D. A massive adaptive reuse project in downtown San Diego, Campus at Horton, signals the start of an urban lab boom. 2016) (concluding that "Houston College of Law" creates a substantial risk that potential purchasers would believe that it was connected with the University of Houston). However, actual confusion need not be proven to establish a likelihood of confusion; this factor is accordingly neutral. Horton Plaza is obviously critical to downtown. We're championing. More Than Beakers And Pipettes: Biotech Developments Go Big Occaecati qui excepturi quia fuga. Horton Plaza Mall believed to be in escrow with Stockdale Capital Partners No. Stockdale Capital Partners declined to comment for this story. Defendants now move for summary judgment. 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. Westfield did not respond to a request for comment. for Good Gov't v. Coal. 1988)). See 2(e), 15 U.S.C. The goal is to finish the redevelopment of the mall in the second quarter of 2022, Divinsky said. 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. Even sophisticated real estate entities may, at least initially, believe that the two parties are affiliated with one another, which could cause reputational harm. 2012) (quoting Am.
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