Sign In
Events
Newsletters
Search

Close

Close Search

Cancel

SEARCH
MY LAW.COMNEW

Parkmerced Invs. LLC v. WeWork Cos. LLC

No Contract Breach; Document Clearly States Term Sheet Is Non-Binding

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The following e-filed documents, listed by NYSCEF document number (Motion 001) 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 23 were read on this motion to/for DISMISS. DECISION + ORDER ON MOTION Upon the foregoing documents, it is Defendant WeWork Companies LLC (WeWork) moves pursuant to CPLR 3211 (a) (1) and (7) to dismiss the complaint. Plaintiff Parkmerced Investors, LLC (Parkmerced) alleges (1) breach of contract; (2) breach of the covenant of good faith and fair dealing; and (3) promissory estoppel. (NYSCEF Doc. No. [NYSCEF] 6, Complaint

43-59.) The following facts are drawn primarily from the complaint and are assumed to be true for purposes of this motion. (See Kronos, Inc. v. AVX Corp., 81 NY2d 90, 92 [1993].) Additional facts are drawn from the documentary submission, the Term Sheet. This case involves a redevelopment of the Parkmerced neighborhood in San Francisco, California, originally designed in the early 1940s, consisting of approximately 3,221 residences and over 9,000 residents. (Id. 10.) WeWork is a corporation that provides shared office space and related services to businesses and individuals. (Id. 15.) Plaintiff alleges that in 2015 WeWork’s CEO, Adam Neumann, contacted Robert Rosania, the founder of Maximus Real Estate Partners, which was the company leading plaintiff’s redevelopment. (Id.

Trending Stories

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

LEARN MORE

More From ALM

Premium Subscription
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Team Accounts
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Bundle Subscriptions
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
Go to CLE Center
New York Legal Awards 2024
September 05, 2024
New York, NY

The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.


Learn More
Elite Trial Lawyers 2024
July 11, 2024
New York, NY

The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.


Learn More
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - July 24, 2024
Lake Tahoe, CA

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.


Learn More
Go to Events Go to Webcasts
TRUSTS & ESTATES ADMINISTRATIVE ASSISTANT

COLE SCHOTZ P.C. TRUSTS & ESTATES ADMINISTRATIVE ASSISTANT: NEW JERSEY OR NEW YORK OFFICES: Prominent mid-Atlantic la...


Apply Now ›
Associate Position - Casualty Litigation Department - 2 - 4 years' Litigation Experience

Post & Schell's Casualty Litigation Department is currently seeking an attorney with 2- 4 years of litigation experience, preferably in ...


Apply Now ›
Personal Injury Attorney

A client focused Atlanta Personal Injury Law Firm is seeking an experienced, highly motivated, and enthusiastic personal injury attorney who...


Apply Now ›
Go to Lawjobs
SMGQ Law
06/21/2024
Daily Business Review

Full Page Announcement


View Announcement ›
Blume Forte Fried Zerres & Molinari
06/14/2024
New Jersey Law Journal

Professional Announcement


View Announcement ›
Go to Professional Announcements