at 7, 9. Disciplined, effective property operations and improvements. Tex. Plaintiff relocated its headquarters to Texas in 2012. 1225(a), unfair competition under 15 U.S.C. Provide . Care exercised by potential purchasers. 2017) (internal citation omitted). In one instance, following an article reporting on Stockdale Capital Partners' involvement with the redevelopment of a San Diego shopping mall, Plaintiff's managing partner received an email asking "Is this you guys?!" No. Stockdale Capital isnt the only investor in downtown San Diego targeting tech tenants. Stockdale acquired the leasehold interest in the Le Merigot and did not seek financing, Doak said. 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. The organisation's status is listed as "Active". It could add an additional 1.5 million square feet of office space and other amenities down the road. Stockdale acquired the mall in 2018 from Westfield for $175 million. Id. The news came less than two . However, it remains unfinished, currently sitting in a South Florida shipyard. 41 at 5). LOS ANGELESStockdale Capital Partners (Stockdale) announced that it has acquired The Marker hotel in San Francisco for $77 million from Pebblebrook Hotel Trust. Founded in 2010, Stockdale Capital Partners is a real estate investment firm focused on owning and acquiring assets in the western United States. the mall from the 600,000 square feet that was required in deed restrictions to 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. Pat Finn previously served as a producer for KPBS Midday Edition and KPBS Evening Edition. - Advertisement - 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. Id. 34). Westfield did not respond to a request for comment. The sophistication and diligence involved in real estate dealings weigh against a likelihood of confusion. Plaintiff contends in response that "Stockdale" is also the name for several cities, neighborhoods, and public schools across the country. Stockdale Capital Partners has sold two medical office properties in Beverly Hills and Santa Monica in a $156 million deal. Amazing Spaces, Inc. v. Metro Mini Storage, 608 F.3d 225, 230 n.7 (5th Cir. It markets itself as "Stockdale," and has operated continuously under that name since its inception in 1989. Marriott Le Merigot hotel in Santa Monica sold to Stockdale Capital Partners for around $75 million, The Real Deal has learned. A likelihood of confusion requires a "probability of confusion, which is more than a mere possibility of confusion." Stockdale plans to redevelop the mall into a $275 million high-tech office space with fitness studios and restaurants on the ground floor. 53 at 16). No. No. invitation to love poem analysis; how to take care of your soul sermon; list of largest unsupported domes in the world. The partnership commissioned a study two years ago to show who is living downtown, what types of activity they like and where they want to live, Brennan said. Excel Best Practices To Avoid A Black Box Model. 2016); see also Smack Apparel Co., 550 F.3d 465 (5th Cir. 2017) (quoting In re Hutchinson Tech., Inc., 852 F.2d 552, 554 (Fed. Defendants have used the name "Stockdale" continuously since their collective inception in 2013. In 2018, Stockdale Capital Partners purchased the property and announced plans to develop it into an office park and tech campus. B-1); it advertises its properties and brand in trade magazines and on websites (Doc. Mark similarity "is determined by comparing the marks' appearance, sound, and meaning." 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. 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 . Prior to Indianapolis, she was an anchor and multimedia journalist at FOX Carolina in Greenville, SC. 2012) (quoting Am. 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. "A finding of a likelihood of confusion is a finding of fact." No. Both programs also aired on public television stations nationwide. This factor is neutral. 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. 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. Plaintiff was not in fact involved with that deal. of Law, 214 F. Supp. 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. (Doc. Stockdale Capital Partners bought the 175-key hotel. Stockdales plans would reduce retail space in Stockdale purchased the bulk of the open-air shopping center last . 2010) (quoting Two Pesos, Inc. v. Taco Cabana, Inc., 505 U.S. 763, 768 (1992)). 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. "We are gearing up to really get aggressive and. The 110-foot, $20 million-plus mega-yacht is expected to launch in 2017. (Doc. The new owners, Stockdale Capital Partners, bought Horton Plaza just over a year ago and have. 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. 41-7) and the International Council for Shopping Centers (Doc. All. 53). (internal quotation marks omitted). SIGNED at Houston, Texas, on this the 15th of October, 2019. Springboards to Educ., 912 F.3d at 811. Every story is a dose of insight into how to run a better, more efficient, more profitable business. 2018); Paulsson Geophysical Servs, Inc. v. Sigmar, 529 F.3d 303, 309 (5th Cir. Id. Going Vertical Id. "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,. The whimsical and colorful Horton Plaza Mall sits nearly empty on a corner of downtown San Diego. 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. (Doc. 2005-2023 Wall Street Oasis. Stockdales managing director for hospitality, Bill Doak, confirmed the sale but would not provide an exact dollar amount. LPC acquires stake in proptech leader Equiem. He was told that that was a different Stockdale. for Good Gov't v. Coal. Rabobank was the successor institution. Copyright 2023 NBCUniversal Media, LLC. See, e.g., (Doc. At the time it played a vital role in cleaning up the seedy district, largely known for porn shops and topless bars. 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 . 1225(a), and unfair competition under Texas common law. 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. 2d at 698, typically ranging between $50 million and $200 million and at times reaching up to $400 million. V. Houston Coll. 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Please visit our associate and lateral pages to learn more about the positions and a career at Baird Holm. 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." 61.7 F. Los Angeles. 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. Where the likelihood-of-confusion analysis is closely balanced, the question should be resolved in favor of the senior user. In May, it sold . Dist., 912 F.3d 805, 811 (5th Cir. Company profile page for Stockdale Capital Partners LLC including stock price, company news, press releases, executives, board members, and contact information LOS ANGELESStockdale Capital Companions (Stockdale), a Los Angeles-based, vertically-integrated actual property funding company, bought the DoubleTree Suites Salt Lake Town Downtown. In another instance, Hunter Brous, a real estate broker, testified that in past discussions with third parties regarding Stockdale Investment Group and Stockdale Capital, "people have been confused about it or asked, is this the group in California?" stockdale capital lawsuit. Xtreme Lashes, LLC, 576 F.3d at 228. 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 . 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. 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. The new layout called for an overhaul of the site that would strip it of its orignal detail and design intent. 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. We're championing. No. 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. at 935. A defensive stalwart, Oswego Easts Tyler Jasek surprises Joliet West. May 20, 2021 01:15 PM. Id. See, e.g., (Doc. 27, 2017) (quoting Am Rice, 518 F.3d at 332)). 41-8); and it has sponsored various events such as the Design Week Dallas, 2018 Thrift Studio, and Light Up Lakewood (Doc. The USPTO denied Plaintiff's application to register "Stockdale" in October 2018 on the basis that it is primarily a surname. Glassdoor has 3 Stockdale Capital Partners reviews submitted anonymously by Stockdale Capital Partners employees. 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. Company Type For Profit Contact Email [email protected] Phone Number 281-201-3232 Stockdale Capital Partners is a growing Los Angeles based vertically-integrated real estate investment firm, affiliated with Stockdale Management, a property management firm. 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. The J.W. vintage canvas 'painting ideas. P. 56(a). Copyright 2023 NBCUniversal Media, LLC. 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. 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. Finally, Plaintiff was recognized in the Dallas Business Journal as one of the "Best Places to Work" in 2016, 2017, and 2018. No. 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. 2d 761, 722 (S.D. However, Amazing Spaces is materially distinguishable. 1988)). 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.. Ticketmaster Dallas Stars, A descriptive mark can only be protectible when it has acquired secondary meaning. betaadjusted RE. While the Jon Jerde-designed center attracts almost no customers today, it does attract lawsuits. A). The flashy-at-the-time shopping center, designed with a Disneyland-meets-Italian-hills vibe, was seen as a model of urban development. Wal-Mart Stores, Inc., 529 U.S. at 210-11. View Jane Stockdale's profile on LinkedIn, the world's largest professional community. That process may hinge around a successful resolution to a lawsuit brought against Westfield in late May by disgruntled Horton Plaza tenant Jimbos. The Fund is currently required to allocate net capital gains and ordinary income taxable for U.S. federal income tax purposes, if any, proportionately between Common Shares . By contrast, generic marks "refer to the genus of which the particular product is a species," and thus are never registrable as trademarks. Mar. Id. Prior to Octavian, Mr. Michaels worked at various well-respected. Annualized for September 30, 2021 and September 30 . Inc., 852 F.2d at 556 (explaining that lack of dictionary definitions is indicia that the primary significance of a mark is as a surname). Stockdale acquired the mall in 2018 from Westfield for $175 million. 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. She worked as a multimedia journalist and anchor at WRTV in Indianapolis. 2019). PublishedOctober 21, 2019 at 10:00 AM PDT. 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. There, the plaintiff, a self-storage services company, sued a competitor for infringing upon its use of a particular star symbol. Additionally, it intends to turn a path that winds through the development into a public boardwalk. Wage theft is commonplace in San Diego. Stay current on our latest investment opportunities and news affecting todays real estate investment industry. william lupo obituary stockdale capital lawsuit. Stockdale Capital Partners, LLC 6 years 1 month Managing Director May 2022 - Present9 months Los Angeles Metropolitan Area Vice President Asset Management Jan 2017 - Present6 years 1 month. The Court evaluates each in turn. (Doc. 41-1 at 112). KEITH P. ELLISON UNITED STATES DISTRICT JUDGE. Plaintiff claims that the current value of its real estate holdings is in excess of $150 million, and that since 2013 it has expended approximately $75 million in real estate acquisitions. Joseph Wong Design Associates is designing that project, and JLL is in charge of leasing. The total fine was more than $2million. Xtreme Lashes, 576 F.3d at 231. About Stockdale Capital Partners Founded in 2010, Stockdale Capital Partners is a real estate investment firm with 214 years of combined experience. 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