Paul Hastings Advises Morgan Stanley in $175 Million Loan Facility

November 09, 2010

San Francisco, CA (November 9, 2010) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm advised Morgan Stanley in a $175 million loan facility to fund the acquisition of Pearlridge Center, the second largest shopping mall in Hawaii, by a joint venture between Blackstone Real Estate Advisors and Glimcher Realty Trust.

The transaction, which closed November 1, is valued at $245 million.

San Francisco partner Kevin Fisher led the team, which included New York partner Eric Landau, New York of counsel Rick Allendorf, Palo Alto partner David Dedyo, and San Francisco associates Elizabeth Ferrell, Chris Yee, and Matt VanderZanden.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.