City Choice Group v. TMC Grand Blvd Land Co.

2025 Tex. Bus. 45
CourtTexas Business Court
DecidedNovember 8, 2025
Docket24-BC11A-0002
StatusPublished

This text of 2025 Tex. Bus. 45 (City Choice Group v. TMC Grand Blvd Land Co.) is published on Counsel Stack Legal Research, covering Texas Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
City Choice Group v. TMC Grand Blvd Land Co., 2025 Tex. Bus. 45 (Tex. Super. Ct. 2025).

Opinion

FILED IN BUSINESS COURT OF TEXAS BEVERLY CRUMLEY, CLERK ENTERED 2025 Tex. Bus. 45 11/08/2025

THE BUSINESS COURT OF TEXAS ELEVENTH DIVISION

City Choice Group, LLC, § § Plaintiff, § v. § Cause No. 24-BC11A-0002 TMC Grand Blvd Land Company, LLC § and BCEGI Grand Blvd Manager, LLC, § § Defendants.

═══════════════════════════════════════ MEMORANDUM OPINION ═══════════════════════════════════════

I. INTRODUCTION

¶1 Before the Court is Defendant/Counter-Plaintiff/Third-Party Plaintiff TMC

Grand Blvd Land Company, LLC’s (“TMC”) Traditional Motion for Partial Summary

Judgment on Termination (“First Motion”) against Plaintiff/Counter-Defendant City

Choice Group, LLC (“City Choice”), and TMC’s Motion for Summary Judgment Against

Third Party Defendant City Select Title, LLC (“City Select Title”) for Release of the

Independent Consideration (“Second Motion”). The Court issues this Opinion, in part, in

accordance with Texas Rule of Civil Procedure 360(a)(1), which requires a Texas Business

Court judge to issue a written opinion “in connection with a dispositive ruling, on the

1 request of a party[.]” TEX. R. CIV. P. 360(a)(1). The Court issued an order on June 6, 2025,

granting the First Motion. 1 City Choice requested a written opinion on July 14, 2025. 2 0F 1F

Earlier the same day, TMC filed the Second Motion. The Court issued an order denying the

Second Motion concurrently with this Opinion and has opted to include a discussion of the

Second Motion herein. 3 2F

II. FACTUAL AND PROCEDURAL BACKGROUND

¶2 On May 1, 2024, TMC agreed to sell—and City Choice agreed to buy—20.38

acres of land located in the Houston Medical Center for $22.5 million. 4 The Parties 3F

memorialized these intentions in a written Purchase and Sale Agreement (“PSA”), which

furnished City Choice a unilateral right to terminate the PSA during the pendency of a

designated “Inspection Period,” for “any or no specific reason.” 5 If City Choice opted to 4F

1 The Court issued the June 6, 2025 Order following consideration of the First Motion (filed January 28, 2025); City Choice’s Verified Response to Motion for Summary Judgment (filed February 11, 2025) (“First Response”); TMC’s Reply in Support of Motion for Partial Summary Judgment on Termination (filed February 14, 2025) (“First Reply”); City Choice’s Response to Court’s Questions (filed March 20, 2025) (“City Choice March 20 Brief”); TMC’s Brief on Option to Purchase Contract Issue (filed March 20, 2025) (“TMC March 20 Brief”); City Choice’s Reply Brief (filed March 28, 2025) (“City Choice March 28 Brief”); and TMC’s Reply to City Choice’s Response to the Court’s Questions on Option Contracts (filed March 28, 2025) (“TMC March 28 Brief”); the evidence presented; the arguments of counsel; and the current status of the law. See Order (signed June 6, 2025). 2 In a revision to its Local Rules made effective June 1, 2025, the Business Court now requires that “[a] request for a written opinion under TRCP 360(a)(1) must be made within ten days after the written order deciding the matter.” BCLR 5(g). Accordingly, any request regarding the subject Order would have been due by June 16, 2025. Nevertheless, the Court has decided to issue an opinion in accordance with City Choice’s request. 3 The Court issued its ruling on the Second Motion following consideration of the Second Motion (filed July 14, 2025); City Choice’s Response to TMC’s Second Motion (filed July 16, 2025) (“City Choice’s Second Response”); City Select Title’s Response to TMC’s Second Motion (filed August 4, 2025) (“City Select Title’s Response”); and TMC’s Consolidated Reply to Escrow’s and City Choice’s Responses to TMC’s Second Motion (filed August 11, 2025) (“Second Reply”); the evidence presented; the arguments of counsel; and the current status of the law. 4 Pl.’s Original Pet. at ¶ 9. 5 First Motion at Ex. A (PSA), § 5(b) (“At any time prior to the expiration of the Inspection Period, [City Choice] shall, at [City Choice’s] sole discretion, have the right to terminate this Agreement for any or no specific reason, in which case the Earnest Money Deposit, plus any interest earned thereon, less One Hundred

2 exercise this right, City Choice needed only forfeit $100,000 of its Earnest Money Deposit,

as “Independent Consideration” for its right to terminate. 6 City Select Title was charged 5F

with holding the entire Earnest Money Deposit, including the Independent Consideration,

until either termination or closing. 7 6F

¶3 If City Choice did not exercise its right to terminate, the PSA required the

parties to close the sale within fifteen days following the expiration of the Inspection

Period. 8 Per the PSA, the Inspection Period was set to expire at midnight on Monday, July 7F

1, 2024. 9 8F

¶4 On June 26, 2024, City Choice representative Jonathan Wasserberg emailed

TMC’s broker, Chris Bergmann, and demanded a $500,000 price reduction to account for

the costs of asbestos remediation and compliance with the City of Houston’s water

detention requirements, inter alia. 10 Bergmann promptly relayed this information to TMC 9F

representative, Vivian Gao. 11 On June 28, 2024, Wasserberg again emailed Bergmann, 10F

copying TMC representative Jeff Horton, communicating further detail regarding the City

Thousand Dollars ($100,000.00) (the amount of which [TMC] and [City Choice] acknowledge and agree constitutes the independent consideration for [City Choice’s] right to terminate this Agreement for any reason during the Inspection Period and hereinafter referred to as the ‘Independent Consideration’), shall be refundable to [City Choice], with the Independent Consideration paid to [TMC], and all parties shall be released from further obligations hereunder except those that by their terms survive the termination of this Agreement.”) (emphasis in original). 6 First Motion at Ex. A, § 5(b). 7 Id. at Ex. A, §§ 3(a), 5(b); City Select Title’s Response at Ex. A (Affidavit of Damian Smith), ¶ 3 (“City Select Title, LLC must hold the Earnest Money in escrow until there is a final determination on the enforceability of the Purchase and Sale Agreement.”). 8 First Motion at Ex. A, § 8(a). 9 First Response at 6 (“It is undisputed that Monday, July 1, 2024, was the last day of the Inspection Period.”) (emphasis in original). 10 Id. at 6, Ex. 6, 7 (relevant emails). 11 Id. at Ex. 6.

3 of Houston’s water detention requirements, and requesting an extension of the Inspection

Period. 12 11F

¶5 On July 1, 2024 at 3:35 PM, by and through its broker, Bergmann, TMC sent

City Choice a proposed First Amendment to the PSA which would have extended the

Inspection Period and given TMC the right to terminate the contract should TMC’s board

of directors not approve City Choice’s requested price reduction. 13 At 4:46 PM, Wasserberg 12F

sent Bergmann a revised version of the First Amendment which deleted the clause granting

TMC an option to terminate. 14 In his email transmission, Wasserberg elaborated on City 13F

Choice’s counter-offer: “Attached is a 1st amendment that you are requested to sign and

return to me, effective immediately. If you cannot sign and return to me, then this email

serves as our notice to terminate the Agreement.” 15 14F

¶6 At 10:28 PM, having received no response from TMC, Wasserberg followed

up, this time copying TMC representative Jeff Horton: “Bringing this to the top of your

inbox. What’s the verdict?” 16 When the clock struck midnight, neither version of the First 15F

Amendment had been fully executed, and the Inspection Period ended. 17 16F

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2025 Tex. Bus. 45, Counsel Stack Legal Research, https://law.counselstack.com/opinion/city-choice-group-v-tmc-grand-blvd-land-co-texbizct-2025.