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decisions made by Sunroad corporation as to that business. This
animosity led to Sunroad corporation’s suing Collins in San Diego
Superior Court in an attempt to compel a buyout of his HCMP
interest. This litigation ended unfavorably to Sunroad
corporation.
On or about November 19, 1996, Sunroad corporation assigned
its interest in HCMP to Sunroad Real Estate Holding Corporation
(Sunroad Real Estate) to reflect a change in name from the former
to the latter. Approximately 8 months later, in or about August
1997, Hope and Hope Jr., sold their interests in HCMP to Marina
Holdings Partners, L.P. (Marina Holdings), a California limited
partnership that was formed on May 29, 1997.3 On or about
December 31, 1997, Sunroad Real Estate was liquidated, and its
HCMP interest was assigned to Sunroad Asset Management, Inc.
(Sunroad Asset), the general partner of Marina Holdings.4
Contemporaneous with the liquidation of Sunroad Real Estate,
HCMP’s partnership agreement was amended to reflect the
aforementioned assignment and sales and to reflect the fact that
(1) Marina Holdings as part of the sales assumed all HCMP
3 The parties refer to Marina Holdings as Marina Holding.
We use the former name because that is the name in which Marina
Holdings filed its 1998 partnership return.
4 The address of the principal place of business of Sunroad
Asset was the same San Diego address as that of HCMP, Sunroad
corporation, Marina Holdings, and a California general
partnership named Sunroad Marina Partners (Sunroad general
partnership).
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Last modified: May 25, 2011