CSHV Pacific Renaissance LLC v. Mayrock Incorporated et al.

I. FACTUAL AND LEGAL BACKGROUND

This case arises from an alleged breach of contract relating to a Standard Industrial/Commercial Single-Tenant Lease-Net (“the Lease”) between Plaintiff CSHV Pacific Renaissance LLC and Defendants Mayrock Incorporated (“Mayrock”) and Plainview Management Corporation (“Plainview”). [See generally Dkt. No. 1-1, “Complaint”]. Plaintiff’s predecessor-in-interest, CH Realty VIII/I Rialto Alder South L.P. (“CH Realty”), originally entered the Lease with Defendant Mayrock. [Complaint at 6]. The Lease granted Defendant possession of 2380 W. Baseline Road, Rialto, Page 1 of CIVIL MINUTES—GENERAL Initials of Deputy Clerk iv California (“the Premises”) for a term beginning on September 1, 2021. [Id.]. The Lease was set to expire on November 30, 2028. [Id.]. In April 2021, Defendant Plainview entered a Guaranty of Lease (“the Guaranty”), which provided that the Defendant would unconditionally and irrevocably guarantee CH Realty as a primary obligor of all obligations and liabilities of Tenant under the Lease’s terms. [Complaint at 6–7]. CH Realty and Defendant Mayrock later entered the First Amendment to the Lease, which modified certain…