Paul Hastings Advises Five Mile Capital Partners in the Recapitalization and Restructuring of the Times Square Building Financing

December 29, 2009

New York, NY (December 29, 2009)- Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm advised Five Mile Capital Partners LLC, an alternative investment and asset management company, in connection with the restructuring of the financing of the Times Square Building in New York, NY. Under the terms of the transaction, which closed on December 22, 2009, Five Mile acquired an equity interest in the property.

The Paul Hastings team included New York partners Lawrence Mittman and Carolyn Sullivan, and associate Aaron Beim.

About Five Mile Capital Partners LLC: Five Mile Capital Partners LLC specializes in investment opportunities in real estate, debt products, structured finance, asset-based lending and financial services private equity. The Firm has approximately $2.5 billion in assets under management.

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.