Linden Partners v. Wilshire Linden Associates
California Court of Appeal
1Opinion of the Court
Opinion
SIMPSON, J. *
Facts And Procedural Background
On June 7, 1989, plaintiffs agreed to buy and defendants agreed to sell a medical office building in Beverly Hills, known as the Wilshire-Linden Building. An agreement was signed on that date. The initial purchase price was $22.2 million. Escrow was opened on June 13, 1989, and after several negotiated extensions, closed on October 27, 1989.
The defendants had owned the building since the early 1980’s. Each of the tenants had a written lease with, and paid rent directly to defendants—with one important exception; there was a subtenant on the…
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