In re American Spectrum Realty, Inc.
Opinion
Lead Opinion
Clarkson, J.
ORDER AND MEMORANDUM DECISION: (1) GRANTING MOTION FOR RELIEF FROM STAY UNDER § 362(d)(1); (2) DENYING MOTION TO ENFORCE THE AUTOMATIC STAY, FOR ORDER REQUIRING ACCOUNTING OF FUNDS HELD IN SEGREGATED ACCOUNT, AND FOR PRODUCTION OF DOCUMENTS PURSUANT TO RULE 2004; AND (3) GRANTING THE DEBTOR’S EVI-DENTIARY OBJECTIONS
Before the Court are two motions — a motion for relief from the automatic stay [Dk. 259] 1 (“Motion for Relief from Stay”) filed by Movants ASR 2620-2630 Foun-tainview, LP, Fountain View Park Plaza, LLC, and ASRP Investments, LLC (“Plaintiffs”) and a joint motion to enforce the automatic stay, for order requiring an accounting of funds held in a segregated account, and for production of documents under Federal Rule of Bankruptcy Procedure (“Rule”) 2004 [Dk. 233] (“Motion to Enforce Stay”) filed jointly by American Spectrum Realty, Inc. (“Debtor”) and non-debtors American Spectrum Realty Operating Partnership L.P. (“ASROP”), American Spectrum Realty Management, LLC (“ASRM”), and ASR 2620-2630 Fountain-view GP, LLC (“ASR GP”).
These motions came on for hearing on November 5, 2015, at 11:00 a.m. in Courtroom 5C. Lei Lei Wang Ekvall, Esq. appeared on behalf of Plaintiffs…