6424 CORP. v. COMMERCIAL EXCHANGE PROPERTY, LTD.

Docket No. B009938.

171 Cal.App.3d 1221 (1985)

217 Cal. Rptr. 803

6424 CORPORATION, Plaintiff and Appellant, v. COMMERCIAL EXCHANGE PROPERTY, LTD., et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Two.

September 9, 1985.


Attorney(s) appearing for the Case

COUNSEL

David A. Luna and Kenyon F. Dobberteen for Plaintiff and Appellant.

Saltzburg, Ray & Bergman, Jonathan A. Tillman, J. Robert Arkush and Michael D. Markovitch for Defendants and Respondents.


OPINION

ROTH, P.J.

The real property involved herein was subject to a ground lease having a 99-year term which began in 1912. Holland Park Investors, Ltd. (Holland) became the owner of the lessee interest on December 17, 1980. The leasehold was at that time subject to purchase money encumbrances consisting of a $400,000 first trust deed in favor of respondent Commercial Exchange, Ltd...

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