Clark Hill Attorney Paul S. Magy Re-Elected President of Building Owners and Managers Association (BOMA) of Metro Detroit
– Clark Hill Attorney Paul S. Magy has been elected president of the Building Owners and Managers Association of Metro Detroit, the firm announced this week, effective January 1. Magy is resident in the firm’s Birmingham office and a member of the Real Estate Practice Group. BOMA is a professional trade association whose members either own or manage commercial real estate, or provide goods and services to the industry. In Michigan, its members own or manage more than 250 million square feet of office and industrial space, with employees and tenants totaling more than 1.25 million people. BOMA Michigan Members’ annual expenditures contribute $3.2 Billion to the State’s economy.
Magy has more than 30 years of experience in commercial real estate law. His experience includes acquisition, development, finance, zoning, leasing and sale of commercial real estate, in addition to litigation related to those areas, including receiverships, distressed assets and retailer bankruptcy. Magy also has substantial experience representing all types of commercial property owners, developers, property managers and brokers.
In addition to his work with BOMA, Magy is actively involved in a number of real estate trade associations. He is a long time member of the International Council of Shopping Centers (ICSC), serving as ICSC’s Michigan State Director from 2001-2004 and has held numerous other state and regional offices for ICSC. In 2012, Paul was awarded ICSC’s highest honor, the Trustees Distinguished Service Award, at a special ceremony at RECon in Las Vegas. Paul is currently chair of the Michigan ICSC’s Continuing Education Program for Real Estate Professionals and frequently presents at seminars and programs on a variety of real estate related topics. His work in the area of shopping center related law and involvement with ICSC earned him a seat on ICSC’s National Legal Advisory Council beginning in 2002. Paul was recently named to become its Chairman effective at the 2013 RECon.
Magy earned both his J.D. and B.A. from Wayne State University.
FERC Advancing New Reliability Requirements for Renewables
The Federal Energy Regulatory Commission (FERC) recently issued two orders designed to address electric grid reliability implications raised by the dramatic growth in solar and wind projects. Renewable project owners and operators should follow these developments closely, as FERC’s orders propose to substantially increase registration and compliance requirements.