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CALIFORNIA NATIONAL BANK v. WOODBRIDGE PLAZA LLC

No. G038623.

164 Cal.App.4th 137 (2008)

CALIFORNIA NATIONAL BANK, Plaintiff and Appellant, v. WOODBRIDGE PLAZA LLC, Defendant and Respondent.

Court of Appeals of California, Fourth District, Division Three.

May 30, 2008.

Attorney(s) appearing for the Case

Locke Lord Bissell & Liddell, Joshua D. Wayser and Sheela H. Shah for Plaintiff and Appellant.

The Sall Law Firm, Robert K. Sall and Lara A.S. Callas for Defendant and Respondent.

OPINION

RYLAARSDAM, Acting P. J.

This appeal involves interpretation of a provision dealing with calculation of rent for the extended term of plaintiff California National Bank's lease of premises owned by defendant Woodbridge Plaza LLC. The language in question provides plaintiff's new rent, to "be at the then prevailing rate," is not to exceed rent paid by a competitor bank or "successor" in the same shopping center. At the time of plaintiff...

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