🠈  Hines Interests Limited Partnership  🠊

Hines Interests Limited Partnership

Hines Interests Limited Partnership is a real estate investment and property management firm. In 2018, the site claimed to have over $116 billion in real estate under management with about half of the investment owned by the company's investment service.

Interestingly, the company established an REIT but dissolved it in a flurry of investor law suits.

Their headquarters are in Williams Tower in Houston. Their about page says they operate in 207 cities in 24 countries. I am interested primarily in the Mountain West. Sky Scraper Center lists Hines buildings by height.

Corporate Events

This section lists corporate events that I encounter in my research.

• 1957: Gerald D. Hines founded the firm in Houston.
• 1966: Royal Dutch Shell agreed to a lease in Hine's 50-story building in Houston.
• 1963: Begins construction of Joske's on Post Oak. This becomes an anchor for Houston's Galleria.
• 1967: Hines adds Neiman Marcus to the Galleria.
• 1971: Hines constructs 50-story "One Shell Plaza" in Houston. It's first Skyscraper.
• 1972: Hines constructs "One Shell Square" in New Orleans.
• 1973: Hines works with the Ford Foundation to create First Colony development in Sugar Land, Tx and begins developing properties around the nation.
• 1975: Hines constructs "Pennzoil Place" in Houston.
• 1976: Hines develops the "Hermann Southwest Hospital" in Montreal.
• 1977: Having completed 207 projects, Hines enters Mexico's market with Condominio Homero y Racine
• 1978: Hines, financed by the Royal Dutch Shell Pension Fund develops Three First National Plaza in Chicago.
• 1980: Hines enters NYC market with 53rd At Third designed by Philip Johnson.
• 1983: Hines led the development of the Wells Fargo Center in Denver.
• 1997: Hines had completed 455 major projects with operations around the globe.
• 2003: Hines formed an REIT for investment in commercial real estate.
• 2006: Hines acquired The 321 N. Clark Tower in Chicago for $247.3 million.
• 2007: Hines had completed 803 projects with 139 under development at locations in 100 cities in 16 countries.
• 2008: Hines acquired a 70% interest in 12 shopping centers by Weingarten Realty.
• 2010, Hines acquired the 50 South Sixth office tower in Minneapolis for $180 million.
• 2009: Hines seeks to raise $3.5 billion with Hines REIT and unveils its Hines GREEN OFFICE™ program.
• 2011: Hines started development of CityCenterDC in Washington D.C.
• 2012: a subsidiary of Hines acquired the headquarters of Old Navy in San Francisco for $180 million.
• 2013: Completed projects include 1601 Wewatta in Denver.
• 2013: Liberty Property Trust acquired 2100 M St. NW from Hines for $133.5 million.
• 2013: a team led by Hines was chosen as the master developer of the Walter Reed Army Medical Center.
• 2013, Hines Global REIT acquired a property in Washington, D.C. for $141.9 million.
• 2013: Trevor Hines started Nava Real Estate in Denver, Co.
• 2014: Hines REIT raises $5 billion. It completes the CityCenterDC which is billed as first carbon neutral building.
• 2016: in partnership with Welltower, Hines acquired a site in Midtown Manhattan and began development of a 15-story senior living facility.
• 2016: Hines acquired the Cottonwood Corporate Center in Salt Lake County.
• 2016: Hines REIT sold a property in South Florida for $27.59 million.
• 2016: Hines acquired a 345,000 square foot office complex in North Bethesda, Maryland from JBG Smith.
• 2016: Hines announced that it would liquidate its REIT.
• 2016: Hines REIT sold 7 office properties on the West Coast to an affiliate of The Blackstone Group for $1.162 billion.
• 2016: Hines sold an office property in Bellevue, Washington to an affiliate of AEW Capital Management for $193 million.
• 2016: Hines sold the Wells Fargo Center in Sacramento to Starwood Capital Group for $175.5 million.
• 2016: Hines was selected as the property manager for 1999 Broadway in Denver.
• 2017: Hines and Oaktree Capital Management acquired Dublin Corporate Center in the East Bay from JP Morgan for $102 Million.
• 2017, Hines acquired a 2.2 million square foot distribution center in La Porte, Texas from BlackRock.
• 2017: Hines REIT sold an apartment complex in Miami for $100 million.
• 2017: Hines acquired the "Bank One" Tower in Denver which is now known simply as 1125 Seventeenth Street
• 2014-2018: Hines developed, opened and now manages the 1144 Fifteenth office tower in Denver.

profile page

References:

1. Wikipedia - Hines Realty (Drawn 10/25/2018)
2. Hines - Our History (2015) (Drawn 10/26/2018)

Directory Listings:

• Phoenix Color - Commercial Realty: Hines Interests Limited Partnership
• Denver Color - Commercial: Dominion Towers
• Denver Color - Commercial: 1144 Fifteenth
• Denver Color - Architecture: 1515 Wynkoop
• Salt Lake Sites - Commercial Realty: Hines Interests Limited Partnership
• Salt Lake Sites - Commercial Realty: Cottonwood Corporate Center

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