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IN RE FIRST STREET HOLDINGS NV, LLC

BAP No. NC-11-1729-MkHPa, Bk. No. 11-49300, Jointly Administered with Bk. Nos. 11-49301, 11-70224, 11-70228, 11-70229, 11-70231, 11-70232, 11-70233 & 11-70234.

In re: FIRST STREET HOLDINGS NV, LLC, et al., Debtors. FIRST STREET HOLDINGS NV, LLC; LYDIAN SF HOLDINGS, LLC; 78 FIRST STREET, LLC; 88 FIRST STREET, LLC; 518 MISSION, LLC; FIRST/JESSIE, LLC; JP CAPITAL, LLC; PENINSULA TOWERS, LLC; SIXTY-TWO STREET, LLC, Appellants, v. MS MISSION HOLDINGS, LLC, Appellee.

United States Bankruptcy Appellate Panel, Ninth Circuit.

Filed December 5, 2012.

Attorney(s) appearing for the Case

Robert G. Harris, Esq. of Binder & Malter, LLP, argued for Appellants.

Harvey A. Strickon, Esq. of Paul Hastings LLP, argued for Appellee.

Before: MARKELL, HOLLOWELL and PAPPAS, Bankruptcy Judges.

NOT FOR PUBLICATION

MEMORANDUM*

INTRODUCTION

Debtor First Street Holdings NV, LLC ("First Street") and its affiliates (collectively, "First Street Parties") seek review of an order granting relief from the automatic stay under 11 U.S.C. § 362(d)(1) and (2).1 That order terminated the stay as to all of the First Street Parties' real property ("Properties"), which allowed the...

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