Care exercised by potential purchasers. Stockdale plans to redevelop the mall into a $275 million high-tech office space with fitness studios and restaurants on the ground floor. 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. And a day-to-night ambience, complete with an upgraded Lyceum Theater, is intended to be inviting for workers, downtown dwellers and Gaslamp visitors. No. (Doc. 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. of Regents of the Univ. Springboards to Educ., 912 F.3d at 811. 41-2 3). May 20, 2021 01:15 PM. 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. 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. 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. 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. Nonetheless, even where marks are distinguishable, the inquiry is whether they are "similar enough that a reasonable person could believe the two products have a common origin or association." As part of that Emmy Award winning team, she covered elections, landed exclusive interviews, and interviewed presidential candidates. 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. February 22, 2017. San Diego Union-Tribune reporter Jennifer Van Grove joins Midday Edition to explain the lawsuits and and the cutrrent status of the mall. Pebble Beach Co. v. Tour 18 1 Ltd., 155 F.3d 526, 540 (5th Cir. Id. Stockdale Capital Partners' $275 million project, known as The Campus at Horton, could be halted unless the developer and Macy's can work out differences ahead of a June court date for a lawsuit recently filed by the retailer. 2016); see also Smack Apparel Co., 550 F.3d 465 (5th Cir. 41-1 at 42, 97). Rank: Chimp 3 . Id. Prior to Octavian, Mr. Michaels worked at various well-respected. That process may hinge around a successful resolution to a lawsuit brought against Westfield in late May by disgruntled Horton Plaza tenant Jimbos. See, e.g., (Doc. V. Houston Coll. at 8. 4:18-cv-2949 (S.D. 3d 573, 589 (S.D. See you on the other side! 41-17 at 26:12-16). "A finding of a likelihood of confusion is a finding of fact." All content is posted anonymously by employees working at Stockdale Capital Partners. 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. Jul 2018 - Present3 years 2 months. The Company invests, owns, and operates multiple asset classes. Improper Integrals Examples. Anyone familiar with the culture, hours, and comps for investment associate at Stockdale Capital Partner? Id. google classroom parent letter No. No. 2009). 34-2 4). The whimsical and colorful Horton Plaza Mall sits nearly empty on a corner of downtown San Diego. Shriners Hospital, which occupied the space for over 50 years, moved to a $77-million outpatient facility in Pasadena. No. 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." 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." why is there a plague in thebes oedipus. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Defendants have used the name "Stockdale" continuously since their collective inception in 2013. (John Kelley, John Gibbins, Jennifer Van Grove). Field, flows and flares - horizontal drilling good-to-go. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true); All writing and photos by Josie Zimmerman Bell unless otherwise credited |, southern baptist beliefs on the holy spirit, matlab programming exercises and solutions pdf. Westfield for $175 million. Katrina has 7 jobs listed on their profile. Marriott Le Merigot hotel in Santa Monica sold to Stockdale Capital Partners for around $75 million, The Real Deal has learned. S.p.A. v. Atlantic Sunglasses LLC, 2017 WL 6885602, at *5 (S.D. Louisville Football 2020 Stats, The company is an owner-operator specializing in the redevelopment and. Defendants "are primarily focused on the acquisition and development of real estate for commercial uses" and seek investments from "ultra-high net worth individuals." The best employees, having . at 248-49. Cafferty, who has seen renderings of the proposed office park, describes a destination where Hortons large anchor stores are repurposed as individual offices with high ceilings, lots of light and the large floor plans coveted by todays youthful tech companies. 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 . Annualized for September 30, 2021 and September 30 . Bulbs 4 East Side, Inc. v. Ricks, 199 F. Supp. 41-15 Ex. Plaintiff is a real estate services company operating in Texas, California, and North Carolina. It markets itself as "Stockdale," and has operated continuously under that name since its inception in 1989. 10850 Wilshire Blvd Ste 1050, Los Angeles, California, 90024, United States. March 6, 2017. No. Celotex, 477 U.S. at 322-25. the $275 million redevelopment of Horton Plaza in downtown San Diego. Id. 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. LOS ANGELESStockdale Capital Companions (Stockdale), a Los Angeles-based, vertically-integrated actual property funding company, bought the DoubleTree Suites Salt Lake Town Downtown. 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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. Id. at 935. Amazing Spaces, Inc. v. Metro Mini Storage, 608 F.3d 225, 230 n.7 (5th Cir. A judge issued a temporary restraining order Monday and scheduled a July [] Natural foods grocer Jimbo's filed a Superior Court lawsuit in May of last year and Macy's filed a Superior Court lawsuit earlier this month. Co-Founders Shawn and Steven Yari, with the property at 1740 Ocean Avenue (Google Maps . 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. 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. 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. Only three claims for relief remain at issue in this case; Plaintiff withdrew counts II, III, VII, and VIII in its Second Amended Complaint. Id. in northern Denver sold last week to entities affiliated with Los Angeles-based Stockdale Capital Partners. LOS ANGELES - May 18, 2021 - Stockdale Capital Partners ("Stockdale"), a Los Angeles based, vertically-integrated real estate investment firm, announced that it acquired the JW Marriott Santa Monica Le Merigot in a deal that closed on May 11, 2021. 34). 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. To determine whether a mark is distinctive, marks are often classified into categories of generally increasing distinctiveness: they may be (1) generic, (2) descriptive, (3) suggestive, (4) arbitrary, or (5) fanciful. No. 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. STOCKDALE INVESTMENT GROUP INC. D/B/A STOCKDALE, Plaintiff, v. STOCKDALE CAPITAL PARTNERS, LLC, et al, Defendants. 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. About Stockdale Capital Partners Founded in 2010, Stockdale Capital Partners is a real estate investment firm with 214 years of combined experience. The total square footage of the properties, located at 9090 Wilshire. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. The center was sold by Australian investment firm QIC, which purchased it in late 2017 as part of a larger deal with . Additionally, it intends to turn a path that winds through the development into a public boardwalk. Monday, Nov 28, 2022 . The headquarter was located at 5151 Stockdale Highway, Bakersfield, CA 93309. The total fine was more than $2million. See the complete profile on LinkedIn and discover Jane's connections and jobs at similar companies. The deal closed May 11. 34-2 7, 9). Sch. Anyone familiar with the culture, hours, and comps for investment associate at Stockdale Capital Partner? & Mech. No. 2d 761, 722 (S.D. Our vertically-integrated real estate investment group focuses on profitable opportunities within the Western United States. Going Vertical 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. 1052(e); World Carpets, Inc. v. Dick Littrell's New World Carpets, 438 F.2d 482, 487 (5th Cir. Pat Finn previously served as a producer for KPBS Midday Edition and KPBS Evening Edition. At what point is it worth leaving your job and running your own firm? Id. Make your practice more effective and efficient with Casetexts legal research suite. Casetext, Inc. and Casetext are not a law firm and do not provide legal advice. Defendants "typically target investments, acquisitions, and developments that are in the $50 [million] to $200 [million] range, but up to $400 [million]." LPC acquires stake in proptech leader Equiem. The 110-foot, $20 million-plus mega-yacht is expected to launch in 2017. The new owners, Stockdale Capital Partners, bought Horton Plaza just over a year ago and have. However, while empirical evidence such as consumer surveys is the strongest evidence of secondary meaning, it is not required. 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. Co-founders Sean and Stephen Yari, Property on 1740 Ocean Avenue (Google Maps) JW Marriott Rumelia Gott Hotel Santa monica Sold to Stockdale Capital Partners for about $ 75 million Genuine Have learned.. Bill Doak, Managing Director of Hospitality at Stockdale, confirmed the sale but did not provide the exact amount. 1971). Sep 3, 2020. Joseph Wong Design Associates is designing that project, and JLL is in charge of leasing. An identifying mark can be distinctive in one of two ways: it can be inherently distinctive, or it can acquire distinctiveness through "secondary meaning." Now that the hotel has a new owner, the union has higher hopes. By Isabella Farr. Subscribe. 41-1 at 105-07); it pays for membership in industry groups such as the Urban Land Institute (Doc. See, e.g., Viacom Int'l, 891 F.3d at 191. The company is an owner-operator specializing . 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 the mall's emphasis as a retail center. 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." 2017) (internal citation omitted). 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. 1998). No. President SIXONENINE Design + Development, LLC Sep 2017 - Present 5 years 7 months. The record evidence raises factual questions regarding the extent to which the parties' real estate services overlap. Stockdale Capital Partners serves customers in the States . invitation to love poem analysis; how to take care of your soul sermon; list of largest unsupported domes in the world. Even sophisticated real estate entities may, at least initially, believe that the two parties are affiliated with one another, which could cause reputational harm. This factor is also neutral. A massive adaptive reuse project in downtown San Diego, Campus at Horton, signals the start of an urban lab boom. Tex. Stream Live Now ; News; Recent Coverage; Originals; Trials; Court TV Mystery; Talent; About Us; Press; Contact Real Estate Private Equity. Renamed The Campus at Horton, the redeveloped mall will include 700,000 square feet of office space and 300,000 square feet of retail. 2008). Every story is a dose of insight into how to run a better, more efficient, more profitable business. The J.W. They feature, for example, different fonts, inverted color schemes, and one includes the additional words "Capital Partners." 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. (Stockdales) plan is thoughtful. In two of these instances, however, while the witnesses did wrongly presume that "Stockdale" referred to Plaintiff, the witnesses did not specifically confuse Defendants' mark for Plaintiff'sin other words, Defendants' mark was not the source of confusion. No. Today, however, the malls storefronts have been abandoned in recent years by retailers either struggling to adapt to an online-shopping world or dragged down by the centers fortress-like feel. 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. See 2(e), 15 U.S.C. Jade Hindmon is KPBS Midday Edition co-host. Westwood-based Stockdale Capital Partners recently secured a $550 million real estate opportunity fund called SCP Real Estate Opportunities Fund I. 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 . 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. However, proof of a defendant's intent is not required to establish trademark infringement. It further contends that there is no likelihood of confusion between Plaintiff and Defendants' marks. Parents . 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. Defendants have demonstrated that their real estate investments are a "big ticket" item, RE/MAX Int'l, Inc., 655 F. Supp. Plaintiff Walter F. Jones filed his lawsuit against J.G. However, Amazing Spaces is materially distinguishable. 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. 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. It also pointed to the absence of survey evidence and the fact that the consumer declarations showed that their confusion stemmed from the overall architecture of the facilities, not from the similarity of the plaintiff's and defendant's symbols. 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. 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'. But not his teammates. 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. 41-10). 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. Stockdale purchased the bulk of the open-air shopping center last . Details on the settlement were not released. Mr. RP 74. Fed. In August 2018, Plaintiff filed suit, alleging claims for relief including trademark infringement under 15 U.S.C. v. Smack Apparel Co., 550 F.3d 465, 474 (5th Cir. The new layout called for an overhaul of the site that would strip it of its orignal detail and design intent. 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. 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.. Stockdale acquired the mall in 2018 from Westfield for $175 million. Texas Outhouse Inc. v. Fresh Can, LLC, 266 F. Supp. While there, she launched The Weekend Edition of Good Morning Indiana and generated breaking news content for both broadcast and digital platforms. stockdale capital lawsuit. Tex. Acquisitions Professionals - Any Activity? In May, it sold . They proposed an "innovation hub" focused on technology and biotechnology companies. No. centovalli railway map; josh brubaker radio station; ejemplo de libertad externa y libertad interna; columbus high school tennis; gillian turner political party Capital preservation through proven, experienced risk management. 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. For example, in Bulbs 4 East Side, the court determined that there was sufficient evidence to demonstrate secondary meaning where the plaintiff had used the mark continuously for some 34 years, its annual sales had increased over the past eight years to $1.4 million, its advertising expenses had grown during that period, and it enjoyed unsolicited nationwide media coverage. (Doc. VIEW OUR HISTORY Investment Strategy. However, it remains unfinished, currently sitting in a South Florida shipyard. This factor is neutral. (Doc. Opinions expressed by Forbes Contributors are their own. Stockdale Capital Partners is a growing Los Angeles based vertically-integrated real estate investment firm, affiliated with Stockdale Management, a property management firm. The J.W. No. Mar. The Yaris' company, Stockdale Capital Partners, filed plans in November for a 269-room hotel facing Camelback Road, featuring a rooftop pool and street-level shops. See (Doc. While the Jon Jerde-designed center attracts almost no customers today, it does attract lawsuits. The firm did not respond to multiple requests for comment. Copyright 2023 NBCUniversal Media, LLC. The future Campus at Horton includes a boardwalk. Los Angeles-based Stockdale's planned $275 million . Defendants urge that the evidence presented here is more analogous to that in Amazing Spaces, Inc., 608 F.3d at 225. 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.") Where the likelihood-of-confusion analysis is closely balanced, the question should be resolved in favor of the senior user. Although this lawsuit and others (Jimbo's Natural Foods is also suing) do not comment on preserving . Inc., 852 F.2d at 556. (Doc. The Court finds neither the passing email inquiry nor allusions to third parties' confusion to be compelling evidence of actual confusion. 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. See Bd. See 2 McCarthy on Trademarks and Unfair Competition 13:30 (5th ed.). Although Plaintiff testified that it does not track its advertising expenditures, id. 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. Voluptates quis est qui aut nulla. 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. "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,. 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.