SDP Kyrene LLC v. Kyrene Shopping Center LLC

CourtDistrict Court, D. Arizona
DecidedNovember 7, 2023
Docket2:22-cv-00987
StatusUnknown

This text of SDP Kyrene LLC v. Kyrene Shopping Center LLC (SDP Kyrene LLC v. Kyrene Shopping Center LLC) is published on Counsel Stack Legal Research, covering District Court, D. Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
SDP Kyrene LLC v. Kyrene Shopping Center LLC, (D. Ariz. 2023).

Opinion

1 WO 2 3 4 5 6 IN THE UNITED STATES DISTRICT COURT 7 FOR THE DISTRICT OF ARIZONA

9 SDP Kyrene LLC, No. CV-22-00987-PHX-MTL

10 Plaintiff, ORDER

11 v.

12 Kyrene Shopping Center LLC, et al.,

13 Defendants. 14 15 Plaintiff SDP Kyrene LLC’s (“SDP”) predecessor-in-interest1 and Defendant 16 Kyrene Shopping Center LLC (“Kyrene”) entered into an Agreement for the Purchase and 17 Sale of Property (the “PSA”). Kyrene agreed to sell commercial property located on West 18 Chandler Boulevard in Chandler, Arizona (the “Property”) to SDP. One of the Property’s 19 commercial tenants is Defendant LA Laser Center PC (“LA Laser”). The parties, all of 20 whom are sophisticated entities and were represented by counsel, negotiated and agreed to 21 the terms, the conditions, and the remedies outlined in the twenty-six-page PSA. 22 Prior to closing, the deal soured and fell apart. SDP sued, alleging that Kyrene 23 breached the PSA when it refused to close the transaction. It now seeks both specific 24 performance and damages. SDP says that Kyrene used every opportunity it could to 25 obstruct the deal because it received a better offer. Kyrene’s main defenses are that SDP 26 materially breached the PSA, which discharged Kyrene of its obligations under the

27 1 On November 17, 2021, SDP’s predecessor in interest, SDP 44, LLC (“SDP 44”), entered into a written agreement (the “PSA”) with Kyrene to purchase the Property. (Doc. 228-4 28 at 2–26.) SDP 44 later assigned its interest in the PSA to SDP. (Doc. 160-2.) In this Order, “SDP” or “Plaintiff” also includes “SDP 44” unless otherwise noted. 1 agreement. Kyrene also argues that SDP fraudulently induced it to enter the PSA. 2 Now pending before the Court are SDP’s Motion for Partial Summary Judgment 3 (Doc. 225) and Kyrene and LA Laser’s (the “Defendants”) Motion for Partial Summary 4 Judgment (Doc. 228). For the reasons listed below, the Court will grant in part, and deny 5 in part, both motions. 6 I. BACKGROUND 7 Many of the key facts have been previously detailed in prior Orders and are largely 8 undisputed. (Doc. 132.) Rather than repeat them, the Court will briefly discuss some facts 9 below, and will fully detail the key PSA provisions, allegations, and facts in its discussion 10 regarding each claim. 11 Pursuant to the PSA, the parties agreed to a “Purchase Price” of $18 million, an 12 “Effective Date” of November 17, 2021, and a “Closing Date” of May 16, 2022. (Doc. 13 228-4 at 2–3.) The parties also agreed to a “Feasibility Study Period” to range from 14 November 17, 2021, to March 17, 2022. (Id. at 3.) The parties also defined “Purchaser 15 Default” and “Seller Default.” (Id. at 14–15.) Article 10.2 of the PSA identifies specific 16 default events that could be triggered by Kyrene: 17 The occurrence of any of the following prior or subsequent to Close of Escrow, shall be a ‘[Kyrene] Default’ . . . (a) [t]he 18 failure by [Kyrene] to deliver . . . the documents required to close Escrow . . . or (b) [t]he failure of [Kyrene] to perform any 19 material act to be performed by it, to refrain from performing any material prohibited act or to fulfill any material condition 20 to be fulfilled by it under this [PSA]. 21 (Doc. 237-4 at 15.) 22 If Kyrene defaulted “prior to the Close of Escrow,” SDP’s “sole remedy shall be to 23 pursue one, and only one, of the following remedies,” (1) to waive the default, (2) to extend 24 “the time for performance,” (3) to terminate the PSA; or (4) to seek specific performance. 25 (Id. at 16.) 26 After the closing fell through, SDP pursued specific performance as described in 27 Article 10.4 of the PSA by filing suit in Arizona Superior Court. (Doc. 1-2.) Kyrene timely 28 removed to this Court. (Doc. 1.) The next day, SDP moved for a temporary restraining 1 order and preliminary injunction. (Doc. 16.) The parties agreed to a temporary standstill. 2 (Doc. 28.) The Court then held an evidentiary hearing on SDP’s motion for preliminary 3 injunction. The Court entered a preliminary injunction and ordered that “with respect to 4 the Property, [Kyrene] shall not (a) enter any new lease agreements; (b) renew or extend 5 any existing lease agreements; or (c) modify any existing lease agreements, until the matter 6 has been resolved by summary judgment or trial, or otherwise ordered by the Court.” 7 (Doc. 132 at 13.) 8 II. STANDARD OF REVIEW 9 “The court shall grant summary judgment if [a] movant shows that there is no 10 genuine dispute as to any material fact and the movant is entitled to judgment as a matter 11 of law.” Fed. R. Civ. P. 56(a). “A fact is ‘material’ only if it might affect the outcome of 12 the case, and a dispute is ‘genuine’ only if a reasonable trier of fact could resolve the issue 13 in the non-movant’s favor.” Fresno Motors, LLC v. Mercedes Benz USA, LLC, 771 F.3d 14 1119, 1125 (9th Cir. 2014). The Court “must view the evidence in the light most favorable 15 to the nonmoving party and draw all reasonable inference[s] in the nonmoving party’s 16 favor.” Rookaird v. BNSF Ry. Co., 908 F.3d 451, 459 (9th Cir. 2018). “Summary judgment 17 is improper ‘where divergent ultimate inferences may reasonably be drawn from the 18 undisputed facts.’” Fresno Motors, 771 F.3d at 1125 (quoting Miller v. Glenn Miller 19 Prods., Inc., 454 F.3d 975, 988 (9th Cir. 2006)). 20 A party moving for summary judgment “bears the initial responsibility of informing 21 the district court of the basis for its motion, and identifying those portions of [the record] 22 which it believes demonstrate the absence of a genuine issue of material fact.” Celotex 23 Corp. v. Catrett, 477 U.S. 317, 323 (1986). “In order to carry its burden of production, the 24 moving party must either produce evidence negating an essential element of the nonmoving 25 party’s claim or defense or show that the nonmoving party does not have enough evidence 26 of an essential element to carry its ultimate burden of persuasion at trial.” Nissan Fire & 27 Marine Ins. Co. v. Fritz Cos., 210 F.3d 1099, 1102 (9th Cir. 2000). “If . . . [the] moving 28 party carries its burden of production, the nonmoving party must produce evidence to 1 support its claim or defense.” Id. at 1103. “If the nonmoving party fails to produce enough 2 evidence to create a genuine issue of material fact, the moving party wins the motion for 3 summary judgment.” Id. There is no issue for trial unless enough evidence favors the non- 4 moving party. Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 249 (1986). “If the evidence 5 is merely colorable or is not significantly probative, summary judgment may be granted.” 6 Id. at 249–50 (internal citations omitted). At the same time, the evidence of the non-movant 7 is “to be believed, and all justifiable inferences are to be drawn in his favor.” Id. at 255. 8 “[I]n ruling on a motion for summary judgment, the judge must view the evidence 9 presented through the prism of the substantive evidentiary burden.” Id. at 254. Thus, “the 10 trial judge’s summary judgment inquiry as to whether a genuine issue exists will be 11 whether the evidence presented is such that a jury applying that evidentiary standard could 12 reasonably find for either the plaintiff or the defendant.” Id. at 255. 13 “[W]hen parties submit cross-motions for summary judgment, [e]ach motion must 14 be considered on its own merits,” but the Court must consider all evidence submitted in 15 support of both motions when separately reviewing the merits of each. Fair Hous. Council 16 of Riverside Cnty., Inc. v. Riverside Two, 249 F.3d 1132, 1136 (9th Cir. 2001) (internal 17 citation and quotations omitted).

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Bluebook (online)
SDP Kyrene LLC v. Kyrene Shopping Center LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sdp-kyrene-llc-v-kyrene-shopping-center-llc-azd-2023.