Chalpin Realty SC, LLC v. Marcus & Millichap Real Estate Investment Services Inc.

CourtDistrict Court, S.D. New York
DecidedFebruary 24, 2025
Docket1:24-cv-04105
StatusUnknown

This text of Chalpin Realty SC, LLC v. Marcus & Millichap Real Estate Investment Services Inc. (Chalpin Realty SC, LLC v. Marcus & Millichap Real Estate Investment Services Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Chalpin Realty SC, LLC v. Marcus & Millichap Real Estate Investment Services Inc., (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT DOC #: DATE FILED: 2/24/2 025 SOUTHERN DISTRICT OF NEW YORK CHALPIN REALTY SC, LLC, Petitioner, -against- 24-CV-4105 (VEC) OPINION AND ORDER MARCUS & MILLICHAP REAL ESTATE INVESTMENT SERVICES, INC., Respondent. VALERIE CAPRONI, United States District Judge: Petitioner Chalpin Realty SC, LLC (“Chalpin”) initiated this action against Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) to partially vacate a final arbitration award that was in favor of M&M. See Dkt. 1 (“Petition”). M&M cross-moved to dismiss the Petition on several grounds, including that Chalpin’s Petition is barred by the doctrine of res judicata and that Chalpin failed to serve its Petition by the statutorily-prescribed deadline. For the following reasons, M&M’s motion to dismiss the Petition is GRANTED. BACKGROUND In 2019, Chalpin hired M&M as its agent and investment advisor in connection with a like-kind real estate transaction.1 Declaration of Scott M. Himes in Support of Petition and Motion to Vacate in Part Final Arbitration Award, Dkt 3-1 (“Himes Decl.”), ¶ 12. Chalpin sought M&M’s assistance in acquiring real property as the “second prong” of a like-kind exchange. Id. M&M identified a commercial property in South Carolina known as “TheBLVD” as suitable and advised Chalpin to acquire the property. Id. ¶ 13. The transaction closed in 2019; according to 1 Under the tax code, if proceeds realized from the sale of real estate are invested in other real estate, the seller is able to defer capital gains taxes on the initial sale. See Himes Decl. ¶ 12. 1 Chalpin, it was unaware that M&M also represented the seller of TheBLVD (the “Seller”). Id.2 The value of TheBLVD quickly cratered, and Chalpin lost almost all of its equity. Id. ¶ 14. On September 22, 2020, Chalpin sued M&M and others in South Carolina state court in Chalpin Realty SC, LLC v. Marino, et al. (the “South Carolina Action”). Declaration in Support

of Respondent’s Motion to Dismiss Petition and Response to Petitioner’s Memorandum of Law, Dkt. 31 (“Respondent Decl.”), ¶ 6; see also Himes Decl., Ex. 1, at 44–103 (“South Carolina Compl.”). Chalpin alleged that M&M breached its contract with Chalpin, defrauded Chalpin, and fraudulently induced it to purchase TheBLVD when it served as a dual agent without Chalpin’s consent. South Carolina Compl. ¶¶ 60–116, 158–62, 180(c)-(f), 199, 202–15. M&M and its agent and co-defendant Judson Kauffman successfully moved to compel arbitration. Respondent Decl. ¶ 6. On March 4, 2024, the arbitrator found that M&M was Chalpin’s fiduciary and had served as an unconsented-to dual agent, but he dismissed Chalpin’s breach of fiduciary duty claim finding that it knew or should have known that M&M was a dual agent. Id. ¶ 22; Petition ¶¶ 4–5.

On March 12, 2024, pursuant to a stipulation of the parties, Chalpin dismissed the South Carolina Action “with prejudice” as to M&M and Kauffman. Respondent Decl. ¶ 26; Respondent Decl., Ex. 21 (“Stipulation”). On May 29, 2024, Chalpin initiated this action to partially vacate the arbitration award, see Dkt. 1, and served M&M on June 10, 2024, see Dkt. 7. M&M cross-moved to dismiss the Petition on various grounds. See Dkt. 30.

2 Although the parties seem to agree that M&M did not disclose in writing to Chalpin that it also represented the Seller in the transaction, the arbitrator found several circumstances that put Chalpin on notice that M&M represented the Seller. Respondent Mem., Dkt. 30, at 20. 2 DISCUSSION I. Law Applicable to M&M’s Motion to Dismiss District courts are required to treat a petition to vacate an arbitration award “as akin to a motion for summary judgment based on the movant’s submissions.” D.H. Blair & Co. v. Gottdiener, 462 F.3d 95, 109 (2d Cir. 2006); accord Oracle Corp. v. Wilson, 276 F. Supp. 3d 22, 28 (S.D.N.Y. 2017). M&M has not supplied, nor has the Court found, precedent in this Circuit

articulating the standard that applies when the respondent cross-moves to dismiss such a petition. It stands to reason, given M&M’s inclusion of extrinsic documents, see Chambers v. Time Warner, Inc., 282 F.3d 147, 154 (2d Cir. 2002) (converting motion to dismiss to motion for summary judgment when the movant presents matters outside the pleadings), and the requirement that the Court treat the Petition like a motion for summary judgment, Gottdiener, 462 F.3d at 109, that the Court should assess M&M’s cross-motion to dismiss as it would a cross-motion for summary judgment. M&M, therefore, bears the “burden of showing that no genuine factual dispute exists,” and “the court is required to resolve all ambiguities and draw all permissible factual inferences in favor of” Chalpin. Atl. Mut. Ins. Co. v. CSX Lines, L.L.C., 432

F.3d 428, 433 (2d Cir. 2005) (quoting Sec. Ins. Co. of Hartford v. Old Dominion Freight Line Inc., 391 F.3d 77, 83 (2d Cir. 2004)). Although the Federal Arbitration Act (“FAA”) creates a “body of federal substantive law” governing arbitration that has “substantive supremacy” over state arbitration law, Vaden v. Discover Bank, 556 U.S. 49, 59 (2009) (citations omitted), it does not confer on federal courts jurisdiction to decide a petition to vacate an arbitration award; rather, a court must have an “independent jurisdictional basis” to resolve such a petition, Badgerow v. Walters, 596 U.S. 1, 4 (2022) (citation omitted). The Petition asserts that the Court has subject matter jurisdiction 3 pursuant to 28 U.S.C. § 1332. Petition ¶¶ 15–18. Because it has long been established that federal courts sitting in diversity “apply the substantive law of the forum State on outcome determinative issues,” Principal Nat’l Life Ins. Co. v. Coassin, 884 F.3d 130, 134 (2d Cir. 2018) (citation omitted), the Court looks to New York law in interpreting the parties’ agreement and its

effect on the law that applies to M&M’s motion to dismiss. “New York arbitration law applies in cases otherwise governed by the FAA” if the parties’ contract provides that New York law governs “both the agreement and its enforcement;” otherwise, the FAA’s default rules apply. Park Lane IBS, LLC v. Unbnd Grp. Pty Ltd., No. 23- CV-8620 (PKC), 2024 WL 4123515, at *3 (S.D.N.Y. Sept. 9, 2024) (citation omitted) (emphasis added); accord Diamond Waterproofing Sys., Inc. v. 55 Liberty Owners Corp., 4 N.Y.3d 247, 253 (2005). The choice-of-law provision in the contract between Chalpin and M&M requires that the agreement be “governed by and construed in accordance with the laws of New York;” it is silent as to the law that governs enforcement. Himes Decl., Ex. 3 (“Contract”), at 3. Accordingly, precedent interpreting the FAA will apply to M&M’s arguments that the Court lacks subject

matter jurisdiction and that Chalpin’s Petition is time-barred. See Respondent Mem., Dkt. 30, at 3–7. In light of the Contract’s choice-of-law provision, the parties’ stipulation that New York law applied to the arbitration, their agreement that New York law governs the substantive issues in this case, see Petition ¶ 26; Respondent Mem. at 13, 13 n.21, and the Court’s obligation to apply the law of the forum state, see Coassin, 884 F.3d at 134, M&M’s argument that Chalpin’s Petition is barred by the doctrine of res judicata is governed by New York law. See Isaly v. Bos. Globe Media Partners, LLC, 650 F. Supp. 3d 106, 117–18 (S.D.N.Y. 2023), aff’d, No. 23-67-CV, 2023 WL 6439901 (2d Cir. Oct. 3, 2023). 4 II.

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Chalpin Realty SC, LLC v. Marcus & Millichap Real Estate Investment Services Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/chalpin-realty-sc-llc-v-marcus-millichap-real-estate-investment-nysd-2025.