the Prudential Insurance Company of America and Four Partners, LLC D/B/A Prizm Partners and D/B/A United Commercial Property Services v. Italian Cowboy Partners, Ltd., Francesco Secchi, and Jane Secchi

CourtCourt of Appeals of Texas
DecidedJuly 24, 2008
Docket11-05-00264-CV
StatusPublished

This text of the Prudential Insurance Company of America and Four Partners, LLC D/B/A Prizm Partners and D/B/A United Commercial Property Services v. Italian Cowboy Partners, Ltd., Francesco Secchi, and Jane Secchi (the Prudential Insurance Company of America and Four Partners, LLC D/B/A Prizm Partners and D/B/A United Commercial Property Services v. Italian Cowboy Partners, Ltd., Francesco Secchi, and Jane Secchi) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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the Prudential Insurance Company of America and Four Partners, LLC D/B/A Prizm Partners and D/B/A United Commercial Property Services v. Italian Cowboy Partners, Ltd., Francesco Secchi, and Jane Secchi, (Tex. Ct. App. 2008).

Opinion

Opinion filed July 24, 2008

Opinion filed July 24, 2008

                                                                        In The

    Eleventh Court of Appeals

                                                                 ____________

                                                          No. 11-05-00264-CV

                                                    __________

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA AND

FOUR PARTNERS, LLC D/B/A PRIZM PARTNERS AND D/B/A UNITED

COMMERCIAL PROPERTY SERVICES, Appellants

V.

ITALIAN COWBOY PARTNERS, LTD., FRANCESCO SECCHI, AND

JANE SECCHI, Appellees

On Appeal from the County Court at Law No. 3

 Dallas County, Texas

Trial Court Cause No. CC-01-07465-C

                                                     O P I N I O N


Asserting causes of action for statutory fraud, common-law fraud, negligent misrepresentation, mistake, breach of warranty of suitability, constructive eviction, and breach of the covenant of quiet enjoyment, Italian Cowboy Partners, Ltd. (ICP), Francesco Secchi, and Jane Secchi sued the Prudential Insurance Company of America and Prizm Partners in connection with the lease of restaurant property.[1]  Prudential filed a counterclaim against ICP for unpaid rent and other damages.  It also filed a counterclaim against the Secchis for breach of a personal guaranty.  After a bench trial, the trial court entered judgment for ICP and the Secchis for $1,286,084.60.  It also awarded appellate attorney=s fees of $75,000 in the event of an appeal to the court of appeals, $40,000 if a Apetition for review is made@ to the supreme court, and $25,000 in the event the petition is granted by the supreme court.  The trial court also awarded $50,000 as exemplary damages against Four Partners, LLC d/b/a Prizm Partners and d/b/a United Commercial Property Services.[2]  The trial court also denied Prudential=s counterclaims.  We reverse and render judgment that ICP and the Secchis take nothing.  We reverse and remand on the issue of Prudential=s damages and attorney=s fees.

Background Facts

The Secchis had been in the restaurant business as operators or owners for about twenty-three  years.  They had been involved in the restaurant business in the Dallas area since1981.  In 1983, the Secchis opened, with financial help from investors, a restaurant known as Ferrari=s.  Ferrari=s was an upscale restaurant first located on Market Street in the West End area of Dallas next to Spaghetti Warehouse.  In 1990, the Secchis relocated Ferrari=s to the Brewery Building in the same general area, but away from the West End.  The Secchis relocated Ferrari=s to a location in Addison in 1994, and they changed the name to Ferrari=s Villa.  Ferrari=s Villa was still operating profitably at the time this lawsuit was tried in 2005.

With the aid of additional investors, the Secchis expanded and opened a second restaurant, Il Grano, in 1997.  Il Grano was a Aself-service@ restaurant located in Plano.  The Secchis also were operating this restaurant profitably at the time of the trial.


The Secchis wanted to expand their restaurant business.  In late 1999 and early 2000, with the help of their real estate broker, the Secchis began to look for additional restaurant property.  As the Secchis had done when they opened or relocated their other restaurants, they performed demographic studies of various locations, studied restaurant reports prepared by the Texas Alcoholic Beverage Commission, and drove by or visited many sites in connection with their search for a location for their new restaurant.  Hudson=s Grill was a restaurant located in a building at Keystone Park Shopping Center.  Keystone Park, as well as the Hudson=s Grill building, was owned by Prudential.  The Secchis= broker told them that Hudson=s Grill was probably going to close and that the restaurant site might be coming up for lease.  The Secchis were familiar with the shopping center and had driven by it before.  As a part of their continuing feasibility study, they often ate at other restaurants located in Keystone Park.  These restaurants included Razzoo=s, Bone Daddy=s, and El Chico=s.  Using various means at their disposal, the Secchis discovered that the other restaurants in Keystone Park were operating profitably.

Prizm was a property manager for Prudential.  In February 2000, the Secchis met with Frances Fox Powell, Director of Property Management for Prizm, and discussed the Hudson=s Grill building.  In May 2000, the Secchis executed a letter of intent to lease the property.  The parties began to negotiate the terms of the lease and of a personal guaranty to be signed by the Secchis.  The Secchis= broker and attorney assisted them in negotiating the final lease terms.  At least seven different drafts of the lease were circulated during this period of time.  Also, during this period of time, the Secchis visited the site that is the subject of this lawsuit on several occasions.  At times, the Secchis met with Prizm=s agents at the property, and at other times, they would get a key from Prizm and go to the property without anyone from Prizm being present.  Hudson=s Grill had closed by this time, and no restaurant operations were being conducted on the premises.

Negotiations continued for about five months.  The parties signed the lease in October 2000.  The lease was executed by Francesco Secchi as manager of Secchi, LLC, the General Partner of ICP.  The Secchis executed a personal guaranty of the lease.

After the parties executed the lease, ICP began remodeling the property.  In December 2000, while ICP was remodeling the building, several different persons told Francesco Secchi that there had been a sewer gas odor problem in the restaurant when it was operated by Hudson=

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the Prudential Insurance Company of America and Four Partners, LLC D/B/A Prizm Partners and D/B/A United Commercial Property Services v. Italian Cowboy Partners, Ltd., Francesco Secchi, and Jane Secchi, Counsel Stack Legal Research, https://law.counselstack.com/opinion/the-prudential-insurance-company-of-america-and-four-partners-llc-dba-texapp-2008.