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Hines, Institutional Partner Buy Atlanta Project for $195M

ATLANTA -– Hines, the Houston-based real estate firm, on behalf of an institutional investor, closed on the acquisition of Town Center at Atlantic Station retail center in the Midtown area of Atlanta. The 586,000-square-foot Town Center anchors a mixed-use development, situated on the former Atlantic Steel site, which also includes three Class A office towers, several multifamily communities, a full-service ... Read More »

Hines Florida Update: David Weekley and Ashton Woods Break Ground on Model Homes in Tampa Project

TAMPA – David Weekley Homes and Ashton Woods have broken ground on model homes in Asturia, a mixed-use, master-planned community in Tampa, Fla. Hines’ master plan for Asturia includes retail, office, multifamily and a variety of single-family residential offerings with an parks, a trail network, and recreational facilities. Hines has commenced marketing the retail, office and multifamily sites to developers, ... Read More »

Houston Chronicle’s Demolition to Clear Way for Hines’ Next Addition to Houston Skyline

HOUSTON – Hines, one of the world’s most successful skyscraper developers, is expected to acquire the Houston Chronicle’s downtown property later this year and demolish the newspaper building. But with the Houston office market headed for the doldrums it will be years before the Chronicle site, 801 Texas Avenue, will have a new skyscraper on it.  A groundbreaking in 2018, ... Read More »

ULI Houston: How Realty Will Fare in Energy Downturn

HOUSTON – Falling oil prices are squeezing the real estate markets in Houston, although some sectors are performing well in spite of the downturn, according to panelists at the Urban Land Institute luncheon Tuesday. The roughest spot: the Houston office market, particularly the Energy Corridor, where new buildings are being completed as energy companies trim their workforces. The brightest spot: ... Read More »

Hines Starts Master Planned Community in Dallas Area

FRISCO, Texas – Hines with and partner Trez Capital of Canada acquired 311 acres in Frisco, near Dallas, for a master-planned community called Edgestone at Legacy. The land deal was handled by JLL. Home builders in Edgestone include:  Coventry Homes, Darling Homes, Highland Homes, Huntington Homes, Shaddock Homes, and Village Builders. Houston-based Hines has done a lot of land development, ... Read More »

Arquitectonica-Designed Tower Started by Hines in SoMa District of San Francisco

SAN  FRANCISCO  – Houston-based Hines, in partnership with Invesco Real Estate, began construction on 41 Tehama, a 389,000-square-foot multifamily complex in San Francisco’s South of Market (SoMa) neighborhood. Designed by Arquitectonica, 41 Tehama will include 403 residences in a 35-story building. The building, slated for completion in 2017, will be one block from the Transbay Transit Center. “Hines is pleased ... Read More »

Hines Working on a $50M Deal to Buy Houston Chronicle’s Downtown Building

HOUSTON – Hines, which has developed more than a dozen projects in downtown Houston, has been negotiating a $50 million deal to acquire the Houston Chronicle property in downtown. The newspaper’s facilities cover 99,184 square feet of land on two city blocks and would be an ideal platform for Hines to construct its next Houston skyscraper. Hearst Corp., which owns ... Read More »

Morton Salt HQ Moving to Hines’ 52-Story Tower Under Construction in Chicago

CHICAGO – Hines has landed the headquarters of Morton Salt, Inc. as an anchor tenants in the new 52-story River Point tower currently under construction in the Chicago’s West Loop. “Morton Salt is a company born and raised in Chicago with roots that date back to 1848. Becoming part of this new riverfront landmark is symbolic of our commitment to ... Read More »

Hines Breaks Ground on 40-Story Tower in Downtown Denver

DENVER — Hines on Tuesday broke ground on a 40-story tower in downtown Denver, one of the tallest projects built in Denver’s CBD in nearly three decades. The 662,000-square-foot project, called 1144 Fifteenth, will be located between Arapahoe and Lawrence Streets. The site is one block from the historic Latimer Square. Hines is starting the building on a spec basis. ... Read More »

The First Mexican REIT Buys Mexico City Center from Hines

MEXICO CITY – Hines has sold its CityCenter Bosque Esmeralda to FibraShop, the first Mexican Real Estate Investment Trust, or REIT. The 318,353,-square-foot shopping center is located in the metropolitan area of Mexico City. Savills marketed the property on behalf of Hines. Designed by KA Architecture of Cincinnati, the four-level, open-air center features more than 90 restaurants and retailers, along ... Read More »

Hines Joins Move to South Side Development Hotbed with Major Industrial Park

HOUSTON – Hines, one of the oldest and most respected development firms in Houston, has launched a 1 million square-foot industrial park, injecting even more momentum in the new south side hot zone for warehouse development. Hines’ 75-acre Beltway Southwest Business Park is located at the northeast corner of Beltway 8 and Fort Bend Toll Road. A number of developers, ... Read More »

Hines/Oaktree JV Buys 1 Million SF of Office Space in Calif.

SAN BERNARDINO, Calif. – A joint venture of Houston-based Hines and a fund managed by Oaktree Capital Management has acquired Tri-City Corporate Centre, a portfolio of office buildings in San Bernardino, CA. The portfolio is comprised of 17 Class A and B office buildings totaling 1,055,596 square feet across the 153-acre campus. The portfolio is currently 61 percent leased to ... Read More »

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