Lansdale v. Marina Pacifica Homeowners Assn.
In 1973, a ground lease agreement (the Lease) created Marina Pacifica, a residential development in Long Beach. The parties to the Lease are Security Pacific National Bank, as trustee for the McGrath Estate (McGrath) and Marina Pacifica, a California limited partnership (the Partnership). McGrath, as owner of the property, leased the land to the Partnership to build a 570 unit condominium project. The Lease expires in 2041. The court entered judgment in the two related cases on May 10, 2006. The HOAs motion to set aside the judgment was denied on June 19, 2006. This timely appeal followed. The judgment is affirmed.
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