Paul A. Thursam

Paul A. Thursam: Attorney with Giarmarco, Mullins & Horton, P.C. AV stamp icon
Attorney Awards

Biography

Experience

Mr. Paul Thursam is a shareholder in the firm’s Business Practice Group, and Real Estate Practice Group. Mr. Thursam’s legal experience is broad and includes all matters of real estate financing and transactions, mergers and acquisitions, leases, business disputes, conveyancing, and banking transactions. Mr. Thursam’s clients are typically landlords, small business owners, banks, and borrowers.

Since beginning his career in 2008, Mr. Thursam has been recognized as a “Top Lawyer” by dBusiness magazine for 2012-2016, and 2017, and as a SuperLawyer “Rising Star” for 2012-2018. In 2014, Michigan Lawyers Weekly selected Mr. Thursam as an “Up and Coming Lawyer.” He was also selected for the Detroit Regional Chamber’s “Leadership Detroit” program and Crain’s Leadership Academy. He serves on the Board of Review for Grosse Pointe Shores; on the Board of Directors for the Wayne State Law School Alumni Association; and he is a past President of the Italian American Bar Association for Michigan. Mr. Thursam co-chaired two symposiums at U of D Mercy Law School and is published in the Michigan Real Property Law Section Journal. Mr. Thursam is “AV” Rated by Martindale Hubbell (4.9/5.0).

The firm’s summer clerk program is managed primarily by Mr. Thursam, who conducts interviews and makes recommendations to the firm’s hiring committee. Law students are encouraged to contact Mr. Thursam directly for more information.

Mr. Thursam is a graduate of the Ross School of Business, at the University of Michigan in Ann Arbor. As an undergraduate, he was awarded numerous Class and University Honors, including the William J. Branstrom Prize for academics. Later, he received his Juris Doctor from Wayne State Law School, where he was Assistant Editor of the Wayne Law Review.

Honors

•“AV” Peer Review Rating from Martindale-Hubbell, the highest ranking by peers for general ethical standards and legal ability
•Crain’s Leadership Academy, Inaugural Class, 2017
•Michigan “Rising Star” (Super Lawyers) 2012-2018
•dBusiness “Top Lawyers” 2012 through 2018
•Recognized as a Top Attorney in Michigan by the New York Times
•Leadership Detroit, Class XXXVI
•Michigan Lawyers Weekly Up & Coming Lawyers 2014

Publications

•Proposed Revisions to Section 67(3) of the Condominium Act
•Redevelopment, Reconfiguration, and Re-Sale of Failed Condominium Projects and Subdivisions

Real Property Law Section

•Summer Conference 2010: Urban Farming Roundtable, June, 2010
•Co-Chair: Current Issues in Multi-Family Housing Law & Financing, June 3, 2010
•Summer Conference 2011: Urban Farming Roundtable, July, 2011

Leadership Positions

•Co-Chair: Urban Farming Symposium, sponsored by UDM Law School (2012)
•2011 Chairman, Troy Chamber of Commerce Business Referral Group IV
•Serves on the Village of Grosse Pointe Shores Board of Review
•Co-Chair: Urban Farming Symposium, sponsored by UDM Law School (2011)
•Past President, Italian American Bar Association
•Board of Directors, Wayne State University Law School Alumni Association

Recent Projects

December 2018:

•Corporate start-up - Trucking/logistics company; corporate formation; Buy-Sell Agreement
•Represent contractor in negotiating Independent Contractor Agreement
•Assist minority shareholder in Exchange transaction (repositioning/restructuring of parent company in contemplation of sale)
•Represent seller in sale of business (stock; $9M)

November 2018:

•Represent landlord in negotiation of new lease with anchor tenant (government entity tenant)
•Represent seller in sale of business (asset deal; promotional sportswear)
•Represent purchaser in acquisition of competing business (physical therapy)
•Dissolution assignment - wind down business, work with remaining creditors, perform final liquidation

October 2018:

•Opinion letter - Local counsel in construction lending matter
•Represent purchaser in acquisition of large printing business and real estate ($3M)
•Represent purchaser - Commercial real estate; business start-up; Buy Sell Agreement
•Represent borrower in obtaining construction loan for new company headquarters (Flagstar)

September 2018:

•Represent physician in dispute with landlord (downtown Birmingham)
•Advise physician on retirement prospect, and issues in connection with same
•Loan defeasance project (condominiums)
•Corporate start up - Business to solicit, acquire, and deploy investment funds into real estate ventures

August 2018:

•Advise real property “flipper” on general corporate and organizational matters
•Advise city on real estate matters (general development and administrative)
•Work with client on business dispute related to title/deed (post-closing real estate sale)
•Represent seller in sale of office/manufacturing facility in Troy, MI

July 2018:

•Land contract transaction (property in mid-Michigan)
•Represent seller in sale of apartment complex (200+ units)
•Represent new member of LLC in acquiring 20% of custom jersey company
•Represent insurance company owners in retirement of founding partner, and restructuring of remaining ownership

June 2018:

•Represent seller in sale of business (sale of stock; $6M)
•Real estate refinance project (private lender)
•Represent construction general contractor in updating form documents
•Represent condo owner (New York central park) in lease matter

May 2018:

•Real estate refinancing project (PNC)
•Represent Mayor’s office in negotiating lease of school facility with purchase option
•Sale of business - Negotiation of NDAs for potential buyers of regional foods company
•Advise client in potential sale of business to competitor (marketing)

April 2018:

•Phantom equity assignment - represent phantom equity holder
•Acquisition of small business (needlepoint shop)
•Business planning - represent children in acquisition of business from parents
•Represent seller in sale of building (light manufacturing)

March 2018:

•Represent officer in negotiation of employment agreement
•Represent real estate holding company in restructuring ownership of various real estate assets
•Represent private lender in loan to business
•Dual representation - private loan; collateral arrangements

February 2018:

•Represent retired professional athlete in managing certain real estate ventures
•Represent landlord in negotiating with tenant in sublease matter (medical office)
•Business planning - transition of business from founders to children (regional construction firm)
•Corporate dissolution - represent client in winding down, paying creditors, and dissolving corporation

January 2018:

•Assist client in buyout of 50% member of limited liability company
•Represent purchaser in acquisition of business (stock transaction)
•Represent client in administration of estate ($5 million)
•Represent borrower in obtaining line of credit from Comerica Bank

December 2017:

•Represent Buyer in acquiring 75% stake in SEO/marketing company
•Advise client in possible acquisition of partner’s interest in real estate LLC
•Business start-up (residential real estate and management company)
•Business planning - transition of business from founders to children

November 2017:

•Negotiate employment agreement for psychologist (Birmingham, MI practice)
•Represent borrower in renegotiation of loans with Comerica Bank ($13MM)
•Represent seller in sale of business to regional buyer (tooling industry; $35+MM)
•Represent Seller in sale of vacant land (Clarkston)

October 2017:

•Create exit strategy for retiring physician (operations and real estate)
•Represent franchisee in lease negotiations with landlord
•Represent seller in intellectual property sale transaction
•Represent buyer in purchase of medical office building (8,000 SF)

September 2017:

•Assist client with purchase of small medical office building
•Advise CEO on contract negotiations with employer (stock options)
•Assist client with purchase of cottage on land contract
•Advise client on developing inventory of property, and creating plan for transferring property to trusts

August 2017:

•Assist client in sale of business to children (business and real estate)
•Represent client in licensing of parking lot to adjoining business
•Represent borrower in refinancing of aircraft ($1.75M, Bank of the Ozarks)
•Assist client with sale of residential property on land contract

July 2017:

•Represent purchaser in acquiring controlling interest in e-marketing company
•Represent seller in sale of business to regional buyer ($9.5M - oil & gas)
•Represent buyer in purchase of commercial property, and development of condos
•Represent seller in sale of business to regional buyer ($1.5M - insurance)

June 2017:

•Reorganize family LLC and business to include 3 sons
•Represent regional medical tenant in negotiation of 2 new office leases (Chicago area)
•Represent condominium association in dispute with homeowners
•Represent tenant in renewing existing lease with landlord

May 2017:

•Assist owner of commercial property with defeasance transaction
•Represent independent contractor in negotiating consulting agreement
•Represent company in loan to officer
•Assist client with application of appeal to health insurance company

April 2017:

•Assist client landlord in renting apartment overlooking Central Park in NYC
•Represent private lender in loan to downtown Detroit startup company
•Represent client in business startup venture (steel forming and cutting)
•Represent client in new food venture (food truck)

March 2017:

•Represent borrower in obtaining line of credit from Grow Michigan, LLC
•Represent buyer in purchase of residential property
•Advise business owner (construction industry) on amendments to form general contracting agreement
•Represent specialty grocer in renewal of lease with landlord

February 2017:

•Represent borrower in obtaining line of credit from Comerica Bank
•Represent borrower in refinancing loan obligations to take out partner
•Work with family foundation to draft standard documentation for programming
•Represent mobile home park owner in dispute with city and property manager

January 2017:

•Conversion of partnership to LLC; sale of real estate
•Represent purchaser in acquisition of real estate (industrial)
•Advise general contractor on agreement with owner
•Sale of business (technology sector) to regional private equity group

Blog

November 2015 Election Postmortem

Nov 04, 2015 Uncategorized

This year, I had the honor and privilege of running for Grosse Pointe Shores City Council. I am a long-time resident of Grosse Pointe, and have always had a desire to service the community. Although exhausting, I enjoyed campaigning for the position - it permitted me to speak with dozens of families in the community, and learn about their concerns for the city and the future. Ultimately, I missed a seat on the council by 20 votes.

I wanted to use this platform to express my sincere thanks to all those who voted for me, and supported me throughout the campaign. This would include the PAC committee at GMH. I look forward to campaigning for a seat again in 2017.

Areas of Practice (5)

  • Real Estate Sales and Financing
  • Commercial Transactions
  • Banking and Financial Services
  • General Corporate
  • Mergers and Acquisitions

Education & Credentials

Contact Information:
(248) 457-7189  Phone
248-457-7001  Fax
gmhlaw.com
University Attended:
University of Michigan, Ross School of Business, B.B.A., with distinction
Law School Attended:
Wayne State Law School, J.D.
Year of First Admission:
2008
Admission:
2008, Michigan
Memberships:

Memberships

•State Bar of Michigan
•Federal Bar Association
•American Bar Association
•Detroit Economic Club
•Italian American Bar Association

Birth Information:
Detroit, Michigan, 1980
ISLN:
920065240

Peer Reviews

Troy, Michigan

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    Troy, MI
    Tenth Floor Columbia Center , 101 West Big Beaver Road
    Troy, MI 48084-5280

    (248) 457-7189 Phone

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