Cal Fed Partners v. Heers

OPINION

LIVERMORE, Presiding Judge.

Cal Fed Partners, a California limited partnership, purchased for almost $14,000,-000 a Phoenix apartment complex from Bell Terrace Apartments, an Arizona partnership composed of two California residents, Charles and Marilyn Heers. All the negotiations for the sale occurred in California, and the witnesses to those negotiations are California residents. The sale agreement, however, provided that it would be construed under Arizona law. A dispute arose between the parties as to the seller’s fulfillment of certain obligations under the agreement. Cal Fed filed…