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Hines Sells Its New Apartment Project in Florida

ST. PETERSBURG, Fla. – Hines, the Houston-based real estate firm, has sold its 308-unit Azure garden-style multi-housing property in St. Petersburg to Passco Real Estate Enterprises of California. A turnkey project for Hines, capital raise, development, lease-up and sale were completed by the firm a year and a half ahead of schedule. HFF marketed the property on behalf of Hines. ... Read More »

Swift Energy Backfills Exxon Space in Hines Building in Greenspoint

HOUSTON – Hines, the Houston-based real estate firm, has secured Swift Energy Co., an oil-and-gas exploration firm, has leased office space being vacated by Exxon Mobil in the Greenspoint district in north Houston. Swift renewed its lease commitment to Greenspoint Place and will be relocating its headquarters from Two Greenspoint Place to Five Greenspoint Place at 17001 Northchase Drive, taking ... Read More »

Hines, Pearlmark Announce New Office Project in Calif.

SAN MATEO, Calif. – Hines, the Houston-based real estate firm, has announced plans for a new office building in California. Hines and Pearlmark, a Chicago-based private-equity real estate investment firm, have partnered with Goldman Sachs for the capitalization of 400|450 Concar in San Mateo.  JPMorgan will serve as the construction lender. 400|450 Concar will be a new office complex totaling ... Read More »

Hines, Novak Break Ground on Sheraton Hotel Near Austin

GEORGETOWN, Texas – Hines, the Houston-based real estate firm, along with joint venture partner Novak Brothers, recently held a groundbreaking ceremony celebrating the start of construction of a Sheraton hotel that will be part of a mixed-used project in in Georgetown, which is 25 miles north of downtown Austin. The developers are building a 222-room Sheraton Georgetown Texas Hotel and ... Read More »

Hines REIT Sells Dallas Building to Bradford; Uptown Tower is HQ of Balfour Beatty Construction

DALLAS – A Bradford Commercial Real Estate Services partnership has purchased the Citymark office building in Uptown Dallas from Hines Real Estate Investment Trust. The 11-story tower houses the U.S. headquarters of its largest tenant, Balfour Beatty Construction. CBRE Capital Markets’ Institutional Group represented Hines in the transaction. The office building offers a total of 218,926 rentable square feet and ... Read More »

Hines Partnership Buys Southern Calif. Office

NEWPORT BEACH, Calif. – Hines, the Houston-based real estate firm, along with a subsidiary of a fund managed by Oaktree Capital Management, has acquired 4000 MacArthur, a Class A office project consisting of two, ten-story buildings totaling 375,000 square feet in Newport Beach, California. Situated within the 179-acre Koll Center Newport at the intersection of MacArthur Boulevard and Jamboree Road, ... Read More »

Hines Buys Office Project in Washington State

BELLEVUE, Wash. – Hines, the Houston-based real estate firm, acquired Civica Office Commons, a 323,562-square-foot Class A office project in Bellevue, Washington. Developed in 2001, Civica consists of a two-building portfolio connected by a common atrium. The buildings are six and eight stories with a total of 323,562 square feet of office space. “The Bellevue submarket continues to be the ... Read More »

Brookdale Buys 40-Story Tower from Cousins for $167 Million

FORT WORTH – Cousins Properties Inc. announced that it has completed the sale of 777 Main, its 980,000 square foot, Class A office tower in downtown Fort Worth for a gross price of $167 million. The tower was purchased by the Brookdale Group, an Atlanta firm led by former Hines executives. Cousins purchased 777 Main for $160 million in September ... Read More »

Houston’s Top 17 Catalyst Deals of the Year

HOUSTON – Houston realty outscored the nation in most categories last year. The city has more than 17 million square feet of office space under construction, far more than any other city. And it had more single-family housing starts than any other market in the nation last year. Plus, existing single-family sales are on a record-setting pace. While adding 125,000 ... Read More »

Hines Buys Former Intel Building in Guadalajara

GUADALAJARA, Mexico – Hines has acquired Parque Industrial Tecnológico II, a 1,308,321-square-foot industrial property located in Guadalajara, Jalisco, Mexico. Hines developed Parque Industrial Tecnológico II and sold it to Union Investment in 2007.  Cushman and Wakefield represented Union Investment in this operation and Savills represented Hines. Parque Industrial Tecnológico II is located at the corner of Anillo Periferico and Avenida ... Read More »

AEW/Hines Building Industrial Building at Recently Acquired Business Park Near Dallas Airport

DALLAS – Hines, the Houston-based real estate firm, in conjunction with AEW Capital Management, announced the acquisition of Parc 114, a 52-acre master planned business park in Irving, near Dallas. Parc 114 is comprised of six industrial buildings totaling 404,777 square feet. The business park also has an additional 18.5 acres of development land that can accommodate 191,262 square feet. ... Read More »

Hearst Selects HFF to Market Houston Chronicle Downtown Property

HOUSTON – Hearst Corp. has selected the HFF commercial real estate brokerage firm to handle the sale of its Houston Chronicle property in downtown Houston. Hearst interviewed a number of Houston’s leading commercial real estate brokers before selecting HFF, a national firm with a strong local office. The 10-story Chronicle building, 801 Texas Ave., covers a full city block and ... Read More »

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