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Amazon to Build an 855,000 SF Fulfillment Center in Hines Business Park in Houston

HOUSTON – Amazon will build an 855,000 SF fulfillment center in Hines’ Pinto Business Park at the southwest corner of Interstate 45 North and Beltway 8 in north Houston. The Harris County commissioners voted Tuesday to provide Amazon with a tax abatement of $180,000 a year for 10 years, as an economic stimulus, according to the Houston Chronicle. Amazon will ... Read More »

Hines Begins Construction on Conrad Hotel in Washington

WASHINGTON – Construction has started on the Conrad Washington, D.C., a 360-room hotel with 30,000 SF of ground-floor retail space at CityCenterDC, a 10-acre mixed-use project being developed by Hines and Qatari Diar. The hotel is the seventh building developed by Hines and Qatari Diar at CityCenterDC., a project that covers more than four city blocks bounded by New York ... Read More »

The Biggest Refi in Texas History

HOUSTON – The oil business may be bleak and Houston’s job growth has ground to a halt. But that didn’t scare away the lenders who just backed the refinancing of the tallest tower in Texas – the 75-story Chase Tower in downtown Houston. In what could be the biggest refi in the history of Texas real estate finance, JLL’s Tom ... Read More »

Branching Out: Hines Begins Its First Seniors Living Facility

NEW YORK – Hines has partnered with Welltower Inc. to acquire a site at corner northeast corner of Lexington Avenue and 56th St. in Midtown Manhattan where a 15-story seniors living facility will be built. “Hines is delighted to partner with Welltower in our first our first venture in the senior living sector,” said Hines senior managing director Tommy Craig. ... Read More »

United Airlines Centre: Coming Soon to Houston Skyline?

HOUSTON – While it’s under construction, Hines’ new building in downtown Houston has been called by its address: “609 Main at Texas.” But it’s been assumed that when a huge tenant comes along, the name of the tower will be a part of the lease deal. A United Airlines spokeswoman stated last week that the airline will be a tenant ... Read More »

Houston Chronicle Leaves Downtown; Newspaper Property Now Controlled by Hines

HOUSTON – After more than a century downtown, the Houston Chronicle — the city’s oldest continually published newspaper — is moving to the suburbs. The relocation of the Chronicle from its block-sized building at 801Texas to the former Houston Post facility at 4747 Southwest Freeway – which was purchased two decades ago – is expected to be completed by the ... Read More »

Hines Buys First Apartment Complex

LAS VEGAS – Hines, which was founded in Houston in 1957, says it has purchased its first existing multifamily community. Hines bought the 308-unit Domain Apartments in Henderson, near Las Vegas. It is the first time Hines has purchased an apartment built by another company. Hines launched its multifamily efforts in 2011 and it has developed 10 communities with 2,687 ... Read More »

Hines Redeveloping Hospital Site in Chicago’s Lincoln Park

CHICAGO – Hines and co-developer McCaffery Interests, with financing from a sovereign Abu Dhabi investment fund, will develop a residential and retail project on the site of the former Children’s Memorial Hospital in Chicago’s Lincoln Park area. Following demolition of the old hospital building, construction will begin on two 19-story apartment towers with a total of 540 units; 60 for-sale ... Read More »

Hines Lands Tenant in New South Houston Industrial Park – German Firm Dräger Leases Space

HOUSTON – Dräger, a German equipment manufacturer, has leased space in the new Hines industrial park on Beltway 8 in south Houston. André Granello, Managing Principal, and Ray Lopez, Senior Advisor, with Cresa represented Dräger in the lease transaction. Jim Foreman with Cushman and Wakefield represented the developer, Hines. Dräger leased 37,651-SF in Hines’ Beltway Southwest Business Park, which is ... Read More »

Redevelopment of Greenspoint Mall?

HOUSTON – Greenspoint Mall, once one of the premier regional malls in Texas, is being marketed as a redevelopment opportunity. Greenspoint Mall, which opened in 1976, was a retail powerhouse in its heyday. However, the 1.4 million square foot north-Houston mall was bypassed long ago by The Woodlands Mall as growth moved northward. Lord & Taylor, J.C. Penney, Montgomery Ward ... Read More »

Realty News Report Awards: The Best Residential Project of the Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

Hines Tops Out 52-Story Tower in Chicago

CHICAGO – Hines, the international real estate firm, has celebrated the topping out of River Point, a 52-story office tower being developed by Ivanhoé Cambridge, Hines and Levy Family Partners. The 1.1-million-square-foot building is located in Chicago’s West Loop submarket and is designed by Pickard Chilton. The building has been designed to achieve LEED Gold. The general contractor is Lendlease. Ivanhoé ... Read More »

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