Paul S. Magy represents owners, managers, tenants and real estate professionals in transactional and litigation matters involving every aspect of commercial real estate and has for nearly 40 years. His mantra emphasizes understanding each client’s business and developing cost effective, creative solutions to vexing problems.
Education
Recognitions
Named 2024 Top Lawyer by DBusiness
Named a Leading Lawyer in Birmingham by Leading Lawyers℠ (2014-2024)
Named among The Best Lawyers in America® for Bankruptcy and Creditor Debtor Rights/Insolvency, Real Estate Law and Reorganization Law by Best Lawyers (2011-2024)
AV Preeminent, Martindale-Hubbell (2009-2021)
Trustees Distinguished Service Award ICSC (2012)
Top Attorneys in Michigan by American Registry
dBusiness Top Lawyer, dBusiness magazine
Selected to the Michigan Super Lawyers list for
Real Estate (2021)
Memberships
State Bar of Michigan
Michigan State Bar Foundation
Life Member of the Judicial Conference of the United States Court of Appeals for the Sixth Circuit
Chair of Michigan ICSC’s Continuing Education Program for Real Estate Professionals (2007-2023)
ICSC National Legal Advisory Council, Past Chair and Current Member
ICSC National Economics Committee
ICSC Legal Forum, Steering Committee Member
BOMA Metro Detroit Government Affairs Committee
ICSC Michigan Government Affairs Committee
ICSC Economics Committee
Past President, Building Owners and Managers Association of Metropolitan Detroit
Past Michigan State Director International Council of Shopping Centers
Past President of Adat Shalom Synagogue (2004-2006)
Past Chair of the Board of Advisors of the Rabbinical School of Jewish Theological Seminary of America, New York, N.Y.
State Bar Licenses
Speaking Engagements
- Presenter, Bankruptcy: Discover How to Navigate Retailer Bankruptcies and Their Impact on Your Portfolio and Learn Leasing Strategies, ICSC@CENTRAL, Chicago, IL, October, 2023
- Speaker – “The Challenges of Negotiating Small Tenant Leases,” 2023 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker — “Best Practices for Getting Paid for Services Provided,” ICSC+CONTINUING EDUCATION MICHIGAN, 2023 Novi, Michigan
- Speaker – “CAM Caps in the Age of Escalating Costs,” 2023 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker – “Landlords waiving the right to audit tenant sales; Reimbursable operating expense caps; Tenants asking for pre-negotiated rent reductions; Early termination rights,” 2022 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker — “Cannabis Retailing and Retail Real Estate,” ICSC 2022 Ohio, Kentucky, Indiana, Michigan and Pennsylvania Retail Development and Law Symposium, Columbus, Ohio
- Speaker – “Densifying Marketplaces with Non-Traditional Uses,” 2022 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker – “Detailed Exclusives; Ghost Kitchens; Co-Tenancy; General Use Restrictions; Overlapping Uses and Exclusives,” 2022 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker – “Managing Retail Properties in the Age of Escalating Costs,” 2022 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker – “Landlords waiving the right to audit tenant sales; Reimbursable operating expense caps; Tenants asking for pre-negotiated rent reductions; Early termination rights,” 2022 ICSC + LEGAL FORUM, Quarterly Webinar
- Speaker — “Emerging Trends in Bankruptcies Affecting Retail Real Estate,” ICSC 2021 Ohio, Kentucky, Indiana, Michigan and Pennsylvania Retail Development and Law Symposium, Columbus, Ohio
- Speaker — Whose Default Is It Anyway? Rights and Remedies in Changing Times, ICSC 2021 U.S. Shopping Center Law Conference, San Francisco, California
- Speaker — “Letters of Intent for Commercial Leases: Keys to Drafting/Negotiating Favorable Terms” 2022 BOMA Mega Education Program, Detroit, Michigan
- Speaker — “If My Crystal Ball Had Been Clearer: What You Need to Know to Make Your Deals Stand the Test of Time….2021 BOMA Mega Education Program, Detroit, Michigan
- Speaker — Matching Real Estate Trends with Lease Rights and Remedies: Navigating the Unexpected, Thomson Reuters Trends in Commercial Real Estate Series 2021
- Speaker — “That Was Not What the Parties Intended” and Other Phrases Nobody Wants to Hear: Drafting to Avoid (Win) Litigation, ICSC 2020 Ohio, Kentucky, Indiana, Michigan and Pennsylvania Retail Development and Law Symposium, Columbus, Ohio
- Speaker — No Such Thing as Boilerplate: Provisions in Leases and Other Contracts You Really Should Not Ignore, 2020 BOMA Mega Education Program, Detroit, Michigan
- Speaker — Litigation: Is it Implied in Your Lease, ICSC 2020 U.S. Shopping Center Law Conference, Orlando, Florida
- Speaker — Setting the Table with Boilerplate: Negotiating Standard Provisions and Present the Hostess from Getting Away with the Mostest, ICSC 2019 U.S. Shopping Center Law Conference, San Diego, California
- Speaker — Interactive Mock Commercial Lease Negotiation—Key Points, 2019 BOMA Mega Education Program, Detroit, Michigan
- Speaker — Remedies, Recoverable Damages and Creative Solutions: What You Want vs. What You Need vs. What You Can Get, ICSC 2018 U.S. Shopping Center Law Conference, Orlando, Florida
- Speaker — Interactive Mock Real Estate Purchase Agreement Negotiation—Key Points, 2018 BOMA Mega Education Program, Detroit, Michigan
- Speaker —The Dynamic World of Retail Anchor and Box Sizing, Issues, Challenges and Opportunities in Shrinking and “Right-Sizing” Retail Premises, ICSC 2017 Ohio, Kentucky, Indiana, Michigan and Pennsylvania Retail Development and Law Symposium, Columbus, Ohio
- Speaker — Anatomy of a Lease on Trial, ICSC 2017 U.S. Shopping Center Law Conference, San Antonio, Texas
- Speaker — Defaults and Remedies: Landlord-Tenant Update, Michigan Institute of Continuing Legal Education 2016
- Speaker — “When You Least Expect It, You Should Have Planned For It Anyway: Lease Defaults and Remedies,” ICSC US Shopping Center Law Conference, Phoenix, AZ; 2015
- Speaker — “Lease Defaults and Remedies: Is the Answer in the Lease or Is It Pistols at Dawn,” ICSC 2014 U.S. Shopping Center Law Conference, Orlando, FL; 2014
- Speaker — “Lease Defaults and Remedies” ICSC 2014 Midwest Regional Retail Development and Law Symposium, Columbus, Ohio; 2014
- Panelist — “Non-Recourse Carve Outs, ‘Bad-Boy’ Guaranties and Personal Liability Revisited — What Was I Thinking When I Signed That?, “International Council of Shopping Centers; 2012
- Speaker — “An Interactive Approach to Tenant Concessions in a Tenant-Driven Market,” Building Owners and Managers Association of Metro Detroit; 2012
- Speaker — “How ‘Non-Recourse’ is Your ‘Non-Recourse’ CMBS Loan? Reasons to be Paranoid,” International Council of Shopping Centers; 2011
- Moderator — “Tenants in Trouble — Landlords Too: Alternatives for Landlords and Tenants to Consider,” International Council of Shopping Centers; 2010
- Presenter — “Acquisition, Bankruptcy and Tax Considerations in Distressed Asset Purchases,” American Bar Association; 2010
- Presenter — “The Nuts and Bolts of Retail Leasing: Bankruptcy and Insolvency,” American Bar Association, Real Estate Section, Retail Leasing Committee; 2010
- Co-Chair and Speaker — “Not Your Grandmother’s Bankruptcy: Innovation, Changes and Trends — What Do I Do Now?, “International Council of Shopping Centers; 2009
- Speaker —”Doing Business in 2010 and Beyond — Maintaining Tenants Through Rent Reduction & Managing a Tenant Bankruptcy,” Michigan International Council of Shopping Centers; 2009
- Speaker —”Hot Topics in Commercial Leasing,” Building Owners and Managers Association; 2007
- Speaker — “Implications of Patriot Act and Anti-Terrorism Legislation and Regulation in Commercial Leases,” International Council of Shopping Centers; 2006
- Speaker —”Landlord Tenant Law in Michigan: When the Tenant Files Bankruptcy,” Sterling Education Systems; 2005
- Speaker —”Real Property Rights Under Assault The Latest Bankruptcy Concerns for Landlords, Tenants and Lenders;” 2004
Articles
- Leasing Commercial Office Space for a Business Requires Planning