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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 »

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 »

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