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Hines Starts 130-acre Residential Project New New Exxon Mobil Campus

HOUSTON –  Hines – the Houston-based developer that has created 37,000 residential lots encompassing 12,000 acres over the past four decades – is starting a relatively small project near the new Exxon Mobil campus north of Houston. The latest addition to the Hines residential portfolio is Laurel Park North, a 130-acre project on the east side of David Wayne Hooks ... Read More »

Hines Buys Calif. Building with Angelo Gordon

SAN MATEO, Calif. – Hines, along with partner Angelo, Gordon & Co. has acquired San Mateo Centre, a 217,544-square-foot, three-building office complex located in San Mateo. The low‐rise, three‐story buildings were constructed between 1985 and 1987, and sit on a 9.79‐acre parcel bordered by Gateway Drive and Highway 92 to the north, Gateway Drive to the west, and Edgewater Boulevard ... Read More »

Hines Sells the 24-Story 101 North Wacker Building in Chicago

CHICAGO — The Chicago office of Hines, the international real estate firm, announced that a subsidiary of the firm’s U.S. Office Value Added Fund II sold its 101 North Wacker, a 24-story, 600,000-square-foot office tower in Chicago, to an affiliate of LaSalle Investment Management on behalf of a European investor. Hines was advised by JLL on the transaction. Starling Cousley, ... Read More »

Houston Galleria Area Office Building Sells for $125 Million

HOUSTON – MetLife Real Estate Investors paid about $125 million to purchase a 22-story building just south of The Galleria. CBRE has retained the leasing and management assignment for the Class A office building, 3040 Post Oak Boulevard, on behalf of the new owner. The 426,009-square-foot office building is part of the Lakes on Post Oak complex near The Galleria. ... Read More »

Hines Pouring Foundation This Weekend for 48-story Office Tower

HOUSTON – Downtown Houston will be lined with a parade of concrete trucks this weekend as Hines, the Houston-based real estate firm, undertakes a massive concrete mat pour for the foundation of a 1 million square-foot office tower. The process will run more than 17-hours to set the foundation for Houston’s next  skyscraper – 609 Main at Texas Avenue. The ... Read More »

Pier I Headquarters Building in Ft. Worth Purchased by Hines

FORT WORTH – Hines, the Houston-based real estate firm, has acquired the landmark Chesapeake Plaza, a 409,977-square-foot, 20-story, office building located on more than 14 acres of land along the Trinity River in Fort Worth’s central business district. Pier I Imports, the décor and furniture retailer, has its headquarters in the building, occupying 313,000 square feet. Hines said the building ... Read More »

Hines Taps David Weekley Homes and Ashton Woods Homes for New Tampa MPC

TAMPA, Fla. – Hines, Houston-based real estate firm, has announced that Ashton Woods Homes and David Weekley Homes will build houses in Hines’ new master-planned community in Tampa. Hines recently acquired 536-acre Behnke Ranch property in Tampa, on which the firm will develop a signature mixed-use, master-planned community, will now be named Asturia. Asturia has approved zoning and entitlements in ... Read More »

Hines Opening an Office in Greece

HOUSTON – Hines, the international real estate firm based in Houston, is opening an office in Greece. Greece has been in a recession for six years and in the first quarter of the year, Greece’s jobless rate stood at 27.8%. But there are projections of improvement and analysts say Greece bottomed out in 2013. Hines said Paul Gomopoulos has been ... Read More »

Hines to Build 40-Story Tower in Downtown Denver

DENVER – Hines, the Houston-based real estate firm, announced plans for a new 40-story office tower in Denver, the first building of that magnitude to be built in the Mile High City in nearly three decades. “We are very excited about introducing this new icon to the Denver skyline. 1144 Fifteenth will set a new standard for Denver’s high-rise office ... Read More »

Hines Announces Construction Start for 48-Story Tower in Houston; One of the Largest Spec Projects in the World

HOUSTON – Hines, the Houston-based international real estate firm, has announced the start of construction of a downtown Houston skyscraper, one of the largest “spec” office projects  in the world. The Hines project, 609 Main at Texas, will be a 48-story, 1,050,000-square-foot office tower at the corner of Main and Texas streets in Downtown Houston. Hines had been planning a ... Read More »

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