News

Paul Hastings Advises Morgan Stanley in $175 Million Loan Facility

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

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

for more information.