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Tag Archives: Hines

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 »

Hines, Cousins to JV Office Tower Project in Downtown Dallas

DALLAS – Hines, the Houston-based real estate firm, and Cousins Properties, the Atlanta-based REIT,  have formed a joint venture to develop the Victory Center office tower in the Uptown Dallas submarket. Designed by Duda/Paine Architects, Victory Center will be a 23-story, trophy office tower with approximately 466,000 rentable square feet of office and retail space and is expected to achieve ... Read More »

RNR Apartment Briefs from Around the Nation

HOUSTON – Marquette Cos. of Chicago will break ground this week on a 28-story apartment tower in downtown Houston on Texas Avenue between Austin and LaBranch, near the Astros’ Minute Maid Field. The project, called Catalyst, will have 361 units. Hines, Trammell Crow and Finger Cos. – and others – have projects underway in downtown Houston. RALEIGH — Greystone acquired ... Read More »

Biggest Deal Ever? Foreign Investors Bid Heavy on a Houston Trophy Tower

HOUSTON – A dozen investment groups, including foreign buyers, submitted bids this week to buy the 1000 Main building in downtown Houston – a transaction that may become the biggest deal ever in the Bayou City. Foreign buyers, including players from Europe, the Far East, the Middle East and Canada submitted offers to purchase the 36-story building, said Bernard Branca, ... Read More »

ULI Houston Names Finalists for Development of Distinction Awards

HOUSTON –The Houston District Council of the Urban Land Institute announced the finalists for their 2015 Development of Distinction Awards. The prestigious award recognizes developments that exemplify best practices in design, construction, economic viability, community health, marketing and management. “The development of distinction awards is unique in that projects must be complete, from design, to management, to market success, to ... Read More »

Houston Leads the Nation in Office Construction – Followed By NYC, San Jose and Dallas

HOUSTON – More than 50 office buildings totaling 17.1 million square feet are under construction in Houston – which has more than twice as much construction as the No. 2 market – New York with 7.9 million square feet, according to the CBRE Econometric Advisers. The Greater Houston Partnership reports Houston’s commercial construction permits were up a whopping 193 percent ... Read More »

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