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In re Spanish Peaks Holdings II LLC

In re Spanish Peaks Holdings II LLC

Ruling
Motion to assume ground lease to nonresidential real property pursuant to asset purchase agreement granted.
Procedural posture

Chapter 7 trustee filed a motion to assume a ground lease to certain nonresidential real property as the result of an asset purchase agreement with a buyer who presented the best offer for the debtors' property. The lessees under the ground lease filed an objection to the trustee's motion.

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Commercial opinion summary, case decided on March 29, 2013 , LexisNexis #0713-040