(Doc. or Want to Sign up with your social account? Id. 34). Stockdale Capital Partners is now laying the groundwork to transform Horton Plaza into San Diego's next big economic windfall: a modern office campus. The future Campus at Horton includes a boardwalk. 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. Make your practice more effective and efficient with Casetexts legal research suite. Macy's is not sold on the idea. Marriott Le Merigot in Santa Monica for $75 million in May, around $428,600 per room. This factor is neutral. 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. Stockdale Capital Partners is part of the Real Estate industry, and located in California, United States. See (Doc. How Much Do Twitch Streamers Make Per Ad, Provide . 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." for Good Gov't, 901 F.3d at 508. "Stockdale" was chosen as a reference to Stockdale, California, where the company was founded. (Doc. 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. Ground floor retail is still part of the envisioned equation, though storefronts will primarily feature singular, San Diego-inspired eateries along with boutique health and fitness venues. at 10. The California-based investment firm owns hotels in Scottsdale, Arizona, and medical and office space in California. 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. Id. 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. This factor weighs in favor of a likelihood of confusion. 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 . Id. Pebble Beach Co. v. Tour 18 1 Ltd., 155 F.3d 526, 540 (5th Cir. Project manager and captain, Parker Stockdale, introduced the owner's vision of building the finest yacht ever created. Ticketmaster Dallas Stars, We need to have a vibrant space there, said Betsy Brennan, president and CEO of the Downtown San Diego Partnership. 2008) (affirming a grant of summary judgment on plaintiff's claim of trademark infringement on a record without survey evidence). Because Plaintiff's mark is merely descriptive, it is protectable only if it has acquired secondary meaning. In August 2018, Plaintiff filed suit, alleging claims for relief including trademark infringement under 15 U.S.C. 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. A descriptive mark can only be protectible when it has acquired secondary meaning. 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. The Court finds neither the passing email inquiry nor allusions to third parties' confusion to be compelling evidence of actual confusion. The total square footage of the properties, located at 9090 Wilshire. In a trademark case, "[a]lthough the secondary meaning of a mark and the likelihood of confusion are ordinarily questions of fact, summary judgment may be upheld if the summary judgment record compels the conclusion that the movant is entitled to judgment as a matter of law." 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. Excel Best Practices To Avoid A Black Box Model. Agric. Here, the designs of the two marks, taken as a whole, are certainly distinguishable. Finn began her career in broadcasting at KTLA and KCET in Los Angeles. 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. WSO depends on everyone being able to pitch in when they know something. We're championing. Mehdi Bolour faces 25 criminal charges over illegally rented Hollywood building, alleged misuse of federal Paycheck Protection Program, High Street, Daiwa bring resi to River Oaks, St. Charles revamp of torched resort takes center stage in local City Hall races, LIV plans massive resi project in Fort Worth, KBS deal to sell Union Bank Plaza to Joel Schreiber delayed for 9th time. All content is posted anonymously by employees working at Stockdale Capital Partners. About Stockdale Capital Partners Founded in 2010, Stockdale Capital Partners is a real estate investment firm with 214 years of combined experience. 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." Cir. The Campus at Horton will be the pinnacle of mixed-use campuses in downtown and the exemplification of whats possible when innovative office design meets access to leading food, beverage, health and wellness offerings, said Steven Yari, a Stockdale management director. The new layout called for an overhaul of the site that would strip it of its orignal detail and design intent. Plaintiff cites to an email and the depositions of individuals who work in the real estate industry and are familiar with Plaintiff to show that people confused Defendants and Plaintiff. Veritas $450M loan default: A sign of things to come? stockdale capital lawsuit. 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. See you on the other side! Sorry, you need to login or sign up in order to vote. No. 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. Id. Los Angeles /. Tex. 34). of Supervisors for La State Univ. stockdale capital lawsuit. Id. Even sophisticated real estate entities may, at least initially, believe that the two parties are affiliated with one another, which could cause reputational harm. Amazing Spaces, Inc. v. Metro Mini Storage, 608 F.3d 225, 237 (5th Cir. (Doc. at 935. Cir. Id. KEITH P. ELLISON UNITED STATES DISTRICT JUDGE. (Doc. 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. Columbia Sussex listed the hotel, at 1740 Ocean Avenue, earlier this year. Like other hotels hit hard by the pandemic, Columbia Sussex tapped federal funding through the governments PPP loan program. . No. Lawsuit: Sacramento police uses force against racial justice protests but ignores Proud Boys . 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. Copyright 2023 NBCUniversal Media, LLC. Alpha generated through enhanced property-level operations. Id. For the foregoing reasons, the Court DENIES Defendants' Motion for Summary Judgment. 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. Food and Words for Nerds. (internal quotation marks omitted). 34-2 7, 9). But not his teammates. Read employee reviews and ratings on Glassdoor to decide if Stockdale Capital Partners is right for you. 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. Bainbridge DXS and its management wing Torrey Pines Hotel Group, launched a $500 million fund earlier this year to buy up to 200 distressed properties. (Doc. The company said Stockdale had violated the terms of its lease with the redevelopment plans that shifted the malls emphasis as a retail center. Like hotel owners across the country, Columbia Sussex was slammed by the coronavirus. An identifying mark can be distinctive in one of two ways: it can be inherently distinctive, or it can acquire distinctiveness through "secondary meaning." Defendants now move for summary judgment. is not active anymore since 2001-05-24 due to Merger - Without Assistance. She oversaw the stations local and national productions, including the one-hour documentary Los Romeros: The Royal Family of the Guitar, and Child Protective Services, a one-hour look inside the San Diego County agency responsible for the welfare of at risk children. Notably, Plaintiff does not provide empirical evidence connecting Plaintiff's efforts to their efficacy in altering consumer association. Two Pesos, Inc., 505 U.S. at 768 (citing Abercrombie & Fitch Co. v. Hunting World, Inc., 537 F.2d 4, 9 (2d Cir. 3d 573, 589 (S.D. Co-Founders Shawn and Steven Yari, with the property at 1740 Ocean Avenue (Google Maps . This is ClassAction.org's current list of open lawsuits and investigations. Monday, Nov 28, 2022 . william lupo obituary stockdale capital lawsuit. 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.. The . This factor is neutral. In 2018, Stockdale Capital Partners purchased the property and announced plans to develop it into an office park and tech campus. (Doc. Details on the settlement were not released. HON. The firm did not respond to multiple requests for comment. No. Stockdale Capital Partners. With all major entitlement hurdles behind us and this financing now secure, we look forward to completing our redevelopment and revitalizing this incredible asset, said Daniel Michaels, a Stockdale managing director. Co-Founders Shawn and Steven Yari, with the property at 1740 Ocean Avenue (Google Maps). at 508-09. Two Pesos, 505 U.S. at 769. Moreover, both parties acknowledge that potential consumers in the real estate industry exercise a high degree of due diligence in their dealings. The deal closed May 11. Design work on the 10-acre project is being led by Retail Design Collaborative and Rios, Clement Hale. 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. Celotex Corp. v. Catrett, 477 U.S. 317, 322 (1986). No. Tex. reached a settlement with Macys that will allow the company to proceed with 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. 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. Attorneys are either actively filing these cases or investigating to determine whether lawsuits can be filed.