Hines (company): Difference between revisions
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In 1966, the company signed a lease with [[Royal Dutch Shell]] as the anchor tenant of a 50-story building it was constructing.<ref name=empire/> |
In 1966, the company signed a lease with [[Royal Dutch Shell]] as the anchor tenant of a 50-story building it was constructing.<ref name=empire/> |
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In March 2006, Hines Real Estate Investment Trust acquired an 897,000 square foot office building in Chicago for $247.3 million.<ref>{{cite news | url=http://www. |
In March 2006, Hines Real Estate Investment Trust acquired 321 N. Clark, an 897,000 square foot office building in Chicago for $247.3 million.<ref>{{cite news | url=http://www.crenews.com/general_news/general/hines-pays-247.3mln-for-321-n.-clark-in-chicago.html | title=Hines Pays $247.3Mln for 321 N. Clark in Chicago | work=Commercial Real Estate Direct | date=April 25, 2006}}</ref> |
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In December 2006, a subsidiary of Hines Real Estate Investment Trust acquired a portfolio of 9 buildings in [[Redmond, Washington]] for $217 million.<ref>{{cite news | url=http://www.costar.com/News/Article/Hines-Contracts-for-Nine-Class-A-Office-Bldgs-in-Pacific-Northwest/85270 | title=Hines Contracts for Nine Class A Office Bldgs. in Pacific Northwest | first=Andrew C. | last=Burr | publisher=[[CoStar Group]] | date=December 19, 2006}}</ref> |
In December 2006, a subsidiary of Hines Real Estate Investment Trust acquired a portfolio of 9 buildings in [[Redmond, Washington]] for $217 million.<ref>{{cite news | url=http://www.costar.com/News/Article/Hines-Contracts-for-Nine-Class-A-Office-Bldgs-in-Pacific-Northwest/85270 | title=Hines Contracts for Nine Class A Office Bldgs. in Pacific Northwest | first=Andrew C. | last=Burr | publisher=[[CoStar Group]] | date=December 19, 2006}}</ref> |
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In November 2008, Hines Real Estate Investment Trust acquired a 70% interest in 12 shopping centers owned by Weingarten Realty Investors.<ref>{{cite news | url= |
In November 2008, Hines Real Estate Investment Trust acquired a 70% interest in 12 shopping centers owned by Weingarten Realty Investors.<ref>{{cite news | url=https://rebusinessonline.com/weingarten-hines-reit-form-271-million-joint-venture/ | title=WEINGARTEN, HINES REIT FORM $271 MILLION JOINT VENTURE | work=RE Business Online | date=November 18, 2008}}</ref> |
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In July 2009, a partnership of the company and Sterling surrendered a 542,000 square foot office building in San Francisco to its lenders.<ref>{{cite news | url=https://www.bizjournals.com/sanfrancisco/stories/2009/07/20/daily100.html | title=Hines, Sterling to surrender S.F. building | publisher=[[American City Business Journals]] | date=July 24, 2009}}</ref> |
In July 2009, a partnership of the company and Sterling surrendered a 542,000 square foot office building in San Francisco to its lenders.<ref>{{cite news | url=https://www.bizjournals.com/sanfrancisco/stories/2009/07/20/daily100.html | title=Hines, Sterling to surrender S.F. building | publisher=[[American City Business Journals]] | date=July 24, 2009}}</ref> |
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In April 2011, the company began development of [[CityCenterDC]] on the site of the former convention center in Washington D.C.<ref>{{cite news | url=https://www.washingtonpost.com/wp-dyn/content/article/2010/10/21/AR2010102107131.html | title=New $950 million CityCenter DC complex on site of former convention center set for construction in April | first=Jonathan | last=O'Connell | publisher=[[The Washington Post]] | date=March 7, 2004}}</ref><ref>{{cite news | url=https://www.bizjournals.com/washington/news/2010/10/21/hines-plans-april-groundbreaking-on.html | title=Hines plans April groundbreaking on CityCenter | first1=Sarah | last1=Krouse | first2=Michael | last2=Neibauer | publisher=[[American City Business Journals]] | date=October 21, 2010}}</ref> |
In April 2011, the company began development of [[CityCenterDC]] on the site of the former convention center in Washington D.C.<ref>{{cite news | url=https://www.washingtonpost.com/wp-dyn/content/article/2010/10/21/AR2010102107131.html | title=New $950 million CityCenter DC complex on site of former convention center set for construction in April | first=Jonathan | last=O'Connell | publisher=[[The Washington Post]] | date=March 7, 2004}}</ref><ref>{{cite news | url=https://www.bizjournals.com/washington/news/2010/10/21/hines-plans-april-groundbreaking-on.html | title=Hines plans April groundbreaking on CityCenter | first1=Sarah | last1=Krouse | first2=Michael | last2=Neibauer | publisher=[[American City Business Journals]] | date=October 21, 2010}}</ref> |
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In August 2012, a subsidiary of Hines Global REIT acquired the headquarters of [[Old Navy]] in [[San Francisco]] for $180 million.<ref>{{cite news | url= |
In August 2012, a subsidiary of Hines Global REIT acquired the headquarters of [[Old Navy]] in [[San Francisco]] for $180 million.<ref>{{cite news | url=https://www.bizjournals.com/sanfrancisco/news/2019/01/28/gap-buying-old-navy-hq-mission-bay-sobrato-hines.html | title=Exclusive: Gap in talks to buy Old Navy HQ in Mission Bay | first=Fiona | last=Kelliher | work=[[American City Business Journals]] | date=January 28, 2019}}</ref> |
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In May 2013, the company sold a building in [[Washington D.C.]] to [[Liberty Property Trust]] for $133.5 million.<ref>{{cite news | url=https://www.bizjournals.com/washington/breaking_ground/2013/05/liberty-property-trust-pays-1335-m.html | title=Liberty Property Trust pays $133.5 M for 2100 M St. NW | first=Daniel J. | last=Sernovitz | |
In May 2013, the company sold a building in [[Washington D.C.]] to [[Liberty Property Trust]] for $133.5 million.<ref>{{cite news | url=https://www.bizjournals.com/washington/breaking_ground/2013/05/liberty-property-trust-pays-1335-m.html | title=Liberty Property Trust pays $133.5 M for 2100 M St. NW | first=Daniel J. | last=Sernovitz | work=[[American City Business Journals]] | date=May 22, 2013}}</ref> |
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In November 2013, a team led by the company was chosen as the master developer of the [[Walter Reed Army Medical Center]].<ref>{{cite news | url=https://www.washingtonpost.com/business/capitalbusiness/team-led-by-hines-interests-named-master-developer-of-67-acre-walter-reed-campus/2013/11/05/bbefc934-45c7-11e3-bf0c-cebf37c6f484_story.html | title=Team led by Hines Interests named master developer of 67-acre Walter Reed campus | first=Jonathan | last=O'Connell | |
In November 2013, a team led by the company was chosen as the master developer of the [[Walter Reed Army Medical Center]].<ref>{{cite news | url=https://www.washingtonpost.com/business/capitalbusiness/team-led-by-hines-interests-named-master-developer-of-67-acre-walter-reed-campus/2013/11/05/bbefc934-45c7-11e3-bf0c-cebf37c6f484_story.html | title=Team led by Hines Interests named master developer of 67-acre Walter Reed campus | first=Jonathan | last=O'Connell | work=[[The Washington Post]] | date=November 5, 2013}}</ref> |
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In December 2013, Hines Global REIT acquired a property in [[Washington, D.C.]] for $141.9 million.<ref>{{cite |
In December 2013, Hines Global REIT acquired a property in [[Washington, D.C.]] for $141.9 million.<ref>{{cite press release | url=https://www.hines.com/news/hines-global-reit-acquires-55-m-street-in-washington-d-c | title=Hines Global REIT Acquires 55 M Street in Washington, D.C. | publisher=Hines | date=December 10, 2013}}</ref> |
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In April 2016, in partnership with [[Welltower]], the company acquired a site in [[Midtown Manhattan]] and began development of a 15-story senior living facility.<ref>{{cite news | url=https://therealdeal.com/2016/04/19/hines-welltower-plan-15-story-senior-living-facility-in-midtown/ | title=Hines, Welltower plan 15-story senior living facility in Midtown | first=Dusica Sue | last=Malesevic | |
In April 2016, in partnership with [[Welltower]], the company acquired a site in [[Midtown Manhattan]] and began development of a 15-story senior living facility.<ref>{{cite news | url=https://therealdeal.com/2016/04/19/hines-welltower-plan-15-story-senior-living-facility-in-midtown/ | title=Hines, Welltower plan 15-story senior living facility in Midtown | first=Dusica Sue | last=Malesevic | work=[[The Real Deal (magazine)|The Real Deal]] | date=April 19, 2016}}</ref> |
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In August 2016, a subsidiary of Hines Real Estate Investment Trust sold a property in South Florida for $27.59 million.<ref>{{cite news | url=https://www.bizjournals.com/southflorida/news/2016/08/15/reit-sells-bj-s-wholesale-anchored-center-for-28m.html | title=REIT sells BJ’s Wholesale-anchored center for $28M | first=Brian | last=Bandell | |
In August 2016, a subsidiary of Hines Real Estate Investment Trust sold a property in South Florida for $27.59 million.<ref>{{cite news | url=https://www.bizjournals.com/southflorida/news/2016/08/15/reit-sells-bj-s-wholesale-anchored-center-for-28m.html | title=REIT sells BJ’s Wholesale-anchored center for $28M | first=Brian | last=Bandell | work=[[American City Business Journals]] | date=August 15, 2016}}</ref> |
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In February 2016, the company acquired a 345,000 square foot office complex in [[North Bethesda, Maryland]] from [[JBG Smith]].<ref>{{cite news | url= |
In February 2016, the company acquired a 345,000 square foot office complex in [[North Bethesda, Maryland]] from [[JBG Smith]].<ref>{{cite news | url=https://www.bisnow.com/washington-dc/news/capital-markets/hines-buys-two-rockville-pike-office-buildings-from-jbg-55644 | title=JBG Sells North Bethesda Offices For $54.6M | first=Ethan | last=Rothstein | work=[[isnow Media]] | date=February 8, 2016}}</ref> |
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In June 2016, the company announced that Hines Real Estate Investment Trust Inc. would liquidate.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2016/06/30/houston-based-reit-to-dissolve-sell-assets.html | title=Houston-based REIT to dissolve, sell assets | first=Olivia | last=Pulsinelli | |
In June 2016, the company announced that Hines Real Estate Investment Trust Inc. would liquidate.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2016/06/30/houston-based-reit-to-dissolve-sell-assets.html | title=Houston-based REIT to dissolve, sell assets | first=Olivia | last=Pulsinelli | work=[[American City Business Journals]] | date=June 30, 2016}}</ref> |
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In November 2016, Hines Real Estate Investment Trust sold 7 office properties on the [[West Coast of the United States]] to an affiliate of [[The Blackstone Group]] for $1.162 billion, sold an office property in [[Bellevue, Washington]] to an affiliate of AEW Capital Management for $193 million,<ref>{{cite |
In November 2016, Hines Real Estate Investment Trust sold 7 office properties on the [[West Coast of the United States]] to an affiliate of [[The Blackstone Group]] for $1.162 billion, sold an office property in [[Bellevue, Washington]] to an affiliate of AEW Capital Management for $193 million,<ref>{{cite press release | url=https://www.hines.com/news/hines-completes-1-162-billion-sale-of-office-assets | title=Hines REIT Completes $1.162 Billion Sale of Office Assets | publisher=Hines | date=November 11, 2016}}</ref> and sold the [[Wells Fargo Center (Sacramento)]], the tallest building in [[Sacramento]], [[Starwood Capital Group]] for $175.5 million.<ref>{{cite news | url=https://www.bizjournals.com/sacramento/news/2016/11/14/exclusivewells-fargo-center-sold-for-175-5-million.html | title=EXCLUSIVE: Wells Fargo Center sold for $175.5 million | first=Ben | last=van der Meer | work=[[American City Business Journals]] | date=November 14, 2016 | subscription=yes}}</ref> The company also began construction of a 327,000 square foot development in Houston.<ref>{{cite news | url=https://www.chron.com/business/bizfeed/article/Work-begins-on-eight-level-parking-garage-for-10629979.php | title=Work begins on parking garage, tunnel for Houston's Lyric Centre | first=Mike D. | last=Smith | work=[[Houston Chronicle]] | date=November 22, 2016}}</ref> |
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In March 2017, the company, in partnership with [[Oaktree Capital Management]], acquired a property in the [[East Bay (San Francisco Bay Area)]] for $108.9 million.<ref>{{cite news | url=https://www.bizjournals.com/sanfrancisco/news/2017/03/28/hines-oaktree-dublin-corporate-center-jpm-office.html | title=Hines and Oaktree buy massive East Bay office complex | first=Roland | last=Li | |
In March 2017, the company, in partnership with [[Oaktree Capital Management]], acquired a property in the [[East Bay (San Francisco Bay Area)]] for $108.9 million.<ref>{{cite news | url=https://www.bizjournals.com/sanfrancisco/news/2017/03/28/hines-oaktree-dublin-corporate-center-jpm-office.html | title=Hines and Oaktree buy massive East Bay office complex | first=Roland | last=Li | work=[[American City Business Journals]] | date=March 28, 2017}}</ref> The company also opened a 24-story, 233-unit luxury apartment complex in Houston.<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2017/03/24/hines-multifamily-exec-it-s-going-to-be-a-pretty.html | title=Hines multifamily exec: ‘It’s going to be a pretty rough 2017’ | first=Paul | last=Takahashi | work=[[American City Business Journals]] | date=March 24, 2017}}</ref> |
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In |
In March 2017, the company acquired a 2.2 million square foot distribution center in [[La Porte, Texas]] from [[BlackRock]].<ref>{{cite news | url=https://www.bizjournals.com/houston/news/2017/03/31/hines-buys-rebrands-expands-industrial-park-near.html | title=Hines buys, rebrands, expands industrial park near Port of Houston | first=Olivia | last=Pulsinelli | work=[[American City Business Journals]] | date=March 31, 2017}}</ref> |
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In May 2017, the company announced plans for a 600,000 square foot mixed-use development in [[Miami]].<ref>{{cite news | url= |
In May 2017, the company announced plans for a 600,000 square foot mixed-use development in [[Miami]].<ref>{{cite news | url=https://www.bisnow.com/national/news/mixed-use/hines-adds-45-story-tower-to-miamis-2b-worldcenter-development-74784 | title=Hines Adds 45-Story Tower To Miami’s $2B Worldcenter Development | first=Erik | last=Dolan-Del Vecchio | work=[[Bisnow Media]] | date=May 24, 2017}}</ref> The company also announced plans for T3 West Midtown and Atlantic Yards, 700,000 square feet of developments in [[Atlanta]] in partnership with [[Invesco]].<ref>{{cite press release | url=https://www.hines.com/news/hines-and-invesco-real-estate-announce-t3-west-midtown-and-atlantic-yards | title=Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards | publisher=Hines | date=May 30, 2017}}</ref> |
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In July 2017, Hines Global REIT sold an apartment complex in [[Miami]] for $100 million.<ref>{{cite news | url= |
In July 2017, Hines Global REIT sold an apartment complex in [[Miami]] for $100 million.<ref>{{cite news | url=https://www.bizjournals.com/southflorida/news/2017/06/27/berkshire-group-acquires-rental-apartment-building.html | title=Berkshire Group acquires rental apartment building near Coral Gables | work=[[American City Business Journals]] | date=June 27, 2017}}</ref> |
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==References== |
==References== |
Revision as of 21:27, 2 February 2019
![]() | |
Company type | Privately held company |
---|---|
Industry | Real estate |
Founded | 1957 |
Founder | Gerald D. Hines |
Headquarters | |
Key people | Gerald D. Hines, Chairman Jeffrey C. Hines, President and CEO |
Number of employees | 3,775 |
Website | www |
![](http://upload.wikimedia.org/wikipedia/commons/thumb/2/28/Williamstower.jpg/250px-Williamstower.jpg)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/7/75/Franklin_Park_%26_One_Franklin_Square_-_Washington%2C_D.C..jpg/250px-Franklin_Park_%26_One_Franklin_Square_-_Washington%2C_D.C..jpg)
Hines Interests Limited Partnership is a privately held company that invest in and develops real estate.
The company has developed, redeveloped or acquired 1,262 properties, comprising over 414 million square feet.[1] The company currently manages 529 properties comprising 213 million square feet.[1] The company has a presence in 201 cities in 21 countries.[1]
History
The company was founded in Houston in 1957 by Gerald D. Hines.[2]
In 1966, the company signed a lease with Royal Dutch Shell as the anchor tenant of a 50-story building it was constructing.[2]
In March 2006, Hines Real Estate Investment Trust acquired 321 N. Clark, an 897,000 square foot office building in Chicago for $247.3 million.[3]
In December 2006, a subsidiary of Hines Real Estate Investment Trust acquired a portfolio of 9 buildings in Redmond, Washington for $217 million.[4]
In November 2008, Hines Real Estate Investment Trust acquired a 70% interest in 12 shopping centers owned by Weingarten Realty Investors.[5]
In July 2009, a partnership of the company and Sterling surrendered a 542,000 square foot office building in San Francisco to its lenders.[6]
In October 2010, Hines Global REIT acquired an office tower in Minneapolis for $180 million.[7]
In December 2010, the company sold its 2% interest in 9 buildings including Safeco Plaza (Seattle) to its joint venture partner, CalPERS.[8]
In April 2011, the company began development of CityCenterDC on the site of the former convention center in Washington D.C.[9][10]
In August 2012, a subsidiary of Hines Global REIT acquired the headquarters of Old Navy in San Francisco for $180 million.[11]
In May 2013, the company sold a building in Washington D.C. to Liberty Property Trust for $133.5 million.[12]
In November 2013, a team led by the company was chosen as the master developer of the Walter Reed Army Medical Center.[13]
In December 2013, Hines Global REIT acquired a property in Washington, D.C. for $141.9 million.[14]
In April 2016, in partnership with Welltower, the company acquired a site in Midtown Manhattan and began development of a 15-story senior living facility.[15]
In August 2016, a subsidiary of Hines Real Estate Investment Trust sold a property in South Florida for $27.59 million.[16]
In February 2016, the company acquired a 345,000 square foot office complex in North Bethesda, Maryland from JBG Smith.[17]
In June 2016, the company announced that Hines Real Estate Investment Trust Inc. would liquidate.[18]
In November 2016, Hines Real Estate Investment Trust sold 7 office properties on the West Coast of the United States to an affiliate of The Blackstone Group for $1.162 billion, sold an office property in Bellevue, Washington to an affiliate of AEW Capital Management for $193 million,[19] and sold the Wells Fargo Center (Sacramento), the tallest building in Sacramento, Starwood Capital Group for $175.5 million.[20] The company also began construction of a 327,000 square foot development in Houston.[21]
In March 2017, the company, in partnership with Oaktree Capital Management, acquired a property in the East Bay (San Francisco Bay Area) for $108.9 million.[22] The company also opened a 24-story, 233-unit luxury apartment complex in Houston.[23]
In March 2017, the company acquired a 2.2 million square foot distribution center in La Porte, Texas from BlackRock.[24]
In May 2017, the company announced plans for a 600,000 square foot mixed-use development in Miami.[25] The company also announced plans for T3 West Midtown and Atlantic Yards, 700,000 square feet of developments in Atlanta in partnership with Invesco.[26]
In July 2017, Hines Global REIT sold an apartment complex in Miami for $100 million.[27]
References
- ^ a b c Hines: About the firm
- ^ a b Solomont, E.B. (August 26, 2016). "How Gerald Hines built an $89B real estate empire". The Real Deal.
- ^ "Hines Pays $247.3Mln for 321 N. Clark in Chicago". Commercial Real Estate Direct. April 25, 2006.
- ^ Burr, Andrew C. (December 19, 2006). "Hines Contracts for Nine Class A Office Bldgs. in Pacific Northwest". CoStar Group.
- ^ "WEINGARTEN, HINES REIT FORM $271 MILLION JOINT VENTURE". RE Business Online. November 18, 2008.
- ^ "Hines, Sterling to surrender S.F. building". American City Business Journals. July 24, 2009.
- ^ Black, Sam (October 7, 2010). "Hines Global REIT to buy 50 South Sixth office tower in Minneapolis for $180M". American City Business Journals.
- ^ Jones, Jeanne Lang (December 24, 2010). "Hines sells national building portfolio to CalPERS". American City Business Journals.
- ^ O'Connell, Jonathan (March 7, 2004). "New $950 million CityCenter DC complex on site of former convention center set for construction in April". The Washington Post.
- ^ Krouse, Sarah; Neibauer, Michael (October 21, 2010). "Hines plans April groundbreaking on CityCenter". American City Business Journals.
- ^ Kelliher, Fiona (January 28, 2019). "Exclusive: Gap in talks to buy Old Navy HQ in Mission Bay". American City Business Journals.
- ^ Sernovitz, Daniel J. (May 22, 2013). "Liberty Property Trust pays $133.5 M for 2100 M St. NW". American City Business Journals.
- ^ O'Connell, Jonathan (November 5, 2013). "Team led by Hines Interests named master developer of 67-acre Walter Reed campus". The Washington Post.
- ^ "Hines Global REIT Acquires 55 M Street in Washington, D.C." (Press release). Hines. December 10, 2013.
- ^ Malesevic, Dusica Sue (April 19, 2016). "Hines, Welltower plan 15-story senior living facility in Midtown". The Real Deal.
- ^ Bandell, Brian (August 15, 2016). "REIT sells BJ's Wholesale-anchored center for $28M". American City Business Journals.
- ^ Rothstein, Ethan (February 8, 2016). "JBG Sells North Bethesda Offices For $54.6M". isnow Media.
- ^ Pulsinelli, Olivia (June 30, 2016). "Houston-based REIT to dissolve, sell assets". American City Business Journals.
- ^ "Hines REIT Completes $1.162 Billion Sale of Office Assets" (Press release). Hines. November 11, 2016.
- ^ van der Meer, Ben (November 14, 2016). "EXCLUSIVE: Wells Fargo Center sold for $175.5 million". American City Business Journals.
{{cite news}}
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ignored (|url-access=
suggested) (help) - ^ Smith, Mike D. (November 22, 2016). "Work begins on parking garage, tunnel for Houston's Lyric Centre". Houston Chronicle.
- ^ Li, Roland (March 28, 2017). "Hines and Oaktree buy massive East Bay office complex". American City Business Journals.
- ^ Takahashi, Paul (March 24, 2017). "Hines multifamily exec: 'It's going to be a pretty rough 2017'". American City Business Journals.
- ^ Pulsinelli, Olivia (March 31, 2017). "Hines buys, rebrands, expands industrial park near Port of Houston". American City Business Journals.
- ^ Dolan-Del Vecchio, Erik (May 24, 2017). "Hines Adds 45-Story Tower To Miami's $2B Worldcenter Development". Bisnow Media.
- ^ "Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards" (Press release). Hines. May 30, 2017.
- ^ "Berkshire Group acquires rental apartment building near Coral Gables". American City Business Journals. June 27, 2017.