Tag Archives: Hines

24th at Camelback is the new location of D/P/S's Phoenix expansion.

Top design firm expands to Phoenix market

A prominent design firm, Dekker/Perich/Sabatini (D/P/S), recently leased 1,750 square feet at Hines’ 24th at Camelback. The transaction is D/P/S’ first location in Phoenix.

The firm, which has served clients in the Southwest for more than 50 years, is an ENR Top 500 design firm and is dedicated to helping build dynamic and sustainable communities. In addition to architecture, D/P/S provides interior design, landscape architecture, planning, and structural engineering services.

“D/P/S is a high-quality tenant that will diversify the types of businesses already located at 24th at Camelback, the premier office and retail area of Phoenix,” said Carol Kleinberg, director – property management for Hines AZ & NM and designated broker for Hines GS Properties.

Major tenants at 24th at Camelback include Greenberg Traurig, Cisco Systems and Cassidy Turley. The Class A office tower is 302,209 square feet.

The mixed-use building, situated on 8.5 acres, is LEED Gold certified and has earned ENERGY STAR certifications for nine years.

Cassidy Turley served as the broker for Hines. D/P/S was not represented by a broker.

Camelback at 24th, Hines

EPA Recognizes Hines with 2014 ENERGY STAR® Partner of the Year – Sustained Excellence Award

Hines, the international real estate firm, announced today that it has been recognized by the U.S. Environmental Protection Agency (EPA) with the 2014 ENERGY STAR Partner of the Year – Sustained Excellence Award in recognition of continued leadership in protecting the environment through energy efficiency.  Hines will be recognized at an awards ceremony in Washington, D.C., on April 29, 2014.

This is the tenth time Hines has been recognized by the EPA and the seventh time Hines has received the Sustained Excellence Award.

Hines’ portfolio of ENERGY STAR buildings consists of 185 facilities and more than 60 million square feet. With an average performance rating of 82.4, the portfolio is 39.7 percent more energy efficient than the national average.   This translates into estimated annual greenhouse gas reductions equivalent to removing more than 45,987 automobiles from the road for one year.

Across the U.S., top companies and organizations are leading the way toward a more energy-efficient future through participation in ENERGY STAR.  Through 2013, with help from ENERGY STAR, American families and businesses have saved $297 billion on utility bills and prevented more than 2.1 billion metric tons of greenhouse gas emissions.

“Hines is honored to receive this award,” said Hines President and CEO Jeffrey C. Hines.  “We use ENERGY STAR in tandem with Hines’ proprietary building management tools to support our engineering efforts to maximize performance, minimize risk and preserve long-term value.”

Hines Global Sustainability Officer Gary Holtzer added, “Our participation in the ENERGY STAR program is an important aspect of the firm’s sustainability program.  ENERGY STAR signals lower expenses for our tenants, higher returns for our investors, partners and clients, and a better environment for everyone.”

The 2014 Partner of the Year – Sustained Excellence Awards are given to a variety of organizations to recognize their contributions to reducing greenhouse gas emissions through superior energy efficiency. These winners have reduced greenhouse gas emissions by setting and achieving aggressive goals, and employing innovative energy efficiency approaches. These awards recognize ongoing leadership across the ENERGY STAR program, including energy-efficient products, services, new homes, and buildings in the commercial, industrial, and public sectors. Award winners are selected from the 16,000 organizations that participate in the ENERGY STAR program.

Hines Promotions, WEB

Hines promotes, hires eight employees

Hines announces the hire of four employees and the promotion of four employees who have decades of experience in development, property management and construction, building a robust and strategic Phoenix team.

“We’re cultivating a talented team to reflect Hines’ strong commitment and further investment in the Phoenix marketplace,” said Chris Anderson, Managing Director of Hines. “With the addition of new top market leaders and the promotion of experienced employees, Hines will expand its depth in Arizona projects.”

New Hires:

Brandon Dillingham serves as the Director of Arizona Development for Hines. Dillingham conducts analyses and executes acquisitions and development projects in the Southwest. He previously served as the Development Manager at Macerich. He brings experience in project management and on-time delivery of more than 2.6 million square feet of high-quality projects.

As Property Manager of Renaissance Square, Steve Hamel oversees the 1 million-square-foot twin tower in downtown Phoenix. He previously worked at Cole Real Estate as the Regional Property Manager. He brings 12 years of industry experience and previously oversaw a portfolio of 7 million square feet of retail and office space throughout the Southwest.

Scott King, who previously served as the President at BDT Construction, is Hines’ new Construction Manager. King oversees new ground-up structures, infill renovations and tenant improvements from conceptual estimating and design to project completion. King brings experience in project management and on-time delivery of more than 2.7 million square feet of profitable and high-quality construction projects.

Carol Kleinberg is General Property Manager at Renaissance Square and the Designated Broker for Hines GS Properties. Kleinberg manages a staff of 10 and collaborates with the City of Phoenix, Downtown Phoenix Partnership and GPEC to elevate Renaissance Square’s position. She previously served as the Director of Strategic Alliances at the Plaza Companies. Kleinberg has 25 years of experience in the Phoenix commercial real estate industry, specializing in the operation, management and rebranding of properties. During her career, she has managed more than 3.5 million square feet of office, medical office, retail and industrial properties and provided a key role in the development of 700,000 square feet of office and industrial properties.

Promotions:

Hines promoted Michelle Brown from Assistant Property Manager to Property Manager for 24th at Camelback I & II and Kierland One. She has seven years of experience in commercial real estate. Brown previously oversaw property management operations for 14 tenant improvement projects in a 24-month period, totaling more than 1 million square feet and $20 million.

Darwyn Harp now serves as the Designated Broker for Hines. He previously served as Hines’ General Property Manager & Facility Manager at US Airways and Property Manager at Papago Spectrum. Since joining Hines in 1996, Harp has contributed to the property management of more than 4 million square feet of commercial real estate. He has extensive experience in financial reporting, training and managing personnel as well as the leasing and construction management of occupied and unoccupied space.

Theresa Holder is now the Assistant Property Manager at 24th at Camelback I & II. She is an integral member of the Phoenix NAIOP Chapter and has been heavily involved in the local real estate community for many years.

Martin Ortiz is now an Assistant Engineering Manager at Renaissance Square. He previously served at 24th at Camelback I & II. Ortiz oversaw nearly 300,000 square feet of tenant improvement construction at Camelback II and was a key team member in helping the property achieve LEED EB Platinum certification.

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Hines’ Robert Bonilla Named ‘Building Engineer of the Year’

The Building Owners and Managers Association (BOMA) of Greater Phoenix has named a Hines employee the Building Engineer of the Year. Robert Bonilla’s peers nominated him for the honor.

“This award is a direct reflection of the respect that Robert has gained among his colleagues in the Phoenix market and in the industry,” said Chris Anderson, managing director of Hines. “Robert’s tireless efforts as a leader in energy reduction and sustainability make him an invaluable asset to Hines.”

Bonilla is the general engineering manager at Renaissance Square. Since Hines acquired the property in 2007, Bonilla has led Renaissance Square to six consecutive ENERGY STAR(R) certifications, as well as a LEED(R) Gold certification. In 2013, the property won BOMA of Greater Phoenix’s Kilowatt Krackdown award for having the highest reduction in kilowatt hours (kWH) year after year for a building over 500,000 square feet. Bonilla celebrated his 18th year at Hines this January.

(from L to R): Rob Martensen, Christine Nagle, Paul Sieczkowski, Mary Beth Campbell, all with Colliers International

Commercial Real Estate Firms Gets Charitable for Holidays

Arizona Builders Alliance:

Members of the Arizona Builders Alliance, a construction industry association, has collected thousands of toys that will be wrapped and delivered to approximately 300 children in CPS custody (residents of Sunshine Group Homes) and approximately 100 children who live at Sunshine Acres Children’s Home in Mesa. A major toy-wrapping effort will take place on Thursday, Dec. 19, when Santa’s helpers from the construction industry are overtaking Corbins Electric facilities and turning it into gift-wrapping workshop, in preparation for the toy deliveries.
Four companies within the construction industry locally – McCarthy Building Companies, Corbins Electric, Sundt and Wilson Electric – are leading the effort on behalf of the Arizona Builders Alliance to collect, wrap and distribute the toys. More than 100 construction companies are participating in the general toy drive benefiting CPS children in need this year.
“This is my third year serving as chair of our holiday toy drive event, which is very important to me,” said Joshua Marriott, an estimator at McCarthy Building Companies. “The amount of joy that the gifts and party bring to the kids is priceless. The toy-wrapping effort takes a lot of work, but it’s definitely worth it.”
Volunteer elves will be wrapping hundreds of toys at Corbins Electric on Thurs., Dec. 19, and delivering them on Fri., Dec. 20, to Sunshine Acres and Sunshine Group Homes. Members of the media are welcome to attend the wrapping festivities where tons of toys are wrapped and loaded into a box truck for delivery to the children on Dec. 20 where volunteers will pass out gifts to children at Sunshine Acres Children’s Home and they will also get a special visit from Santa. The Sunshine Acres Party is from 6-8 p.m. Friday, Dec. 20.

Colliers/Hines:

Throughout the year, Hines and Colliers International in Greater Phoenix are busy developing and brokering projects.
But each December, they are as busy as Santa’s elves ensuring that needy Phoenix families have a holiday to celebrate.
John Orsak, director of Hines property management, started “Santa’s Sak” in 2011. The program provides the abused, neglected and troubled youngsters involved with All My Children, Inc., with electronics, games, books, sporting equipment and passes for movies and activities.
Hines has helped 100 kids in the last two years and expects to deliver presents to another 100 this year on Dec. 21. The experience touches Orsak, especially Hines’ impact on a teenage girl who said she wouldn’t have had anything to celebrate on Christmas without Santa’s Sak.
Colliers International in Greater Phoenix has been adopting families during the holidays for more than 15 years and also makes time for employees to feed the homeless.
Started by Paul Sieczkowski, senior vice president, about 30 to 50 Colliers employees participate in the adopt-a-family program each year. A former Colliers employee even dresses like Santa and the employees surprise the family.
One year, Colliers delivered presents to a family that lived in a house with a dirt floor. The family cried when Colliers presented the gifts and food.
Colliers will deliver more presents and cheer this year on Dec. 23.
Colliers also helps hungry families. About 30 Colliers employees served lunch at St. Vincent de Paul on Dec. 6.

McCarthy Building Companies: McCarthy Building Companies builds and renovates schools throughout the Southwest, with many projects right here in metro Phoenix. As a result, the education services team hears about many needs within local school districts. Over the years, there has been a consistent request from schools for books that students can take with them to read at home in order to develop reading skills. To meet this need, the members of McCarthy’s education team have worked in tandem with the company’s Heart Hats committee for the past seven years to create an annual Santa Book Delivery.
On Dec. 20, McCarthy Heart Hats volunteers will join Santa, Mrs. Claus & the Jolly Elf (played by McCarthy employees) for the delivery of new wrapped books to every student at Heatherbrae Elementary in Maryvale, a Title I school that serves kindergarten through 5th grade students in the Cartwright Elementary School District. Santa & Mrs. Claus will visit with each child individually, giving away 750 books to students at the school.
McCarthy’s goal is to have a gift for everyone at the school, so gift cards are given to each teacher along with a donation of school supplies from Office Essentials, assisting teachers who are reaching into their own pockets these days simply to provide supplies for their classrooms.
Books and gift cards are provided by McCarthy’s Heart Hats. The new books are chosen based on reading and grade level, with the help ofeducators’ recommendations. Two or three titles are chosen per grade based on popular or suggested reading titles for the age group. The books are not gender specific so they are appropriate for either boys or girls.

Camelback at 24th, Hines

24th at Camelback Awarded LEED Platinum Certification

The Phoenix office of Hines, the international real estate firm, announced today that 24th at Camelback II has achieved platinum certification under the U.S. Green Building Council’s LEED for Existing Buildings (EB) Rating System. The property, owned by Hines and an East Coast pension fund advised by Invesco, is the first LEED EB Platinum, and most efficient, multi-tenant property in Arizona.

The 11-story, 307,000-square-foot Class A office building was developed by Hines in 2010, and is located in the heart of Phoenix’s Camelback submarket.

In addition to earning LEED Platinum, 24th at Camelback II earned the ENERGY STAR® label in 2012. With a current ENERGY STAR rating of 93, the campus is 46 percent more energy efficient than the average U.S. office building. This translates to an estimated $1.43 per rentable square foot in annual energy cost savings and annual greenhouse gas reductions equivalent to removing 557 passenger vehicles from the road.

Green features and programs include: reduced heat island effect through covered parking and reflective roofing; use of low-VOC materials and finishes; a 30 percent reduction in indoor, potable water usage; electronic waste recycling programs; a 60 percent reduction in landscaping-related water consumption; enhanced indoor air quality systems; and a construction waste diversion rate greater than 50 percent. Additionally, Hines offers its proprietary GREEN OFFICE for Tenants program, which is designed to assist tenants in greening their office space.

Energy savings, equipment efficiencies, water conservation and recycling programs directly benefit the tenants in terms of lower operating costs. By achieving LEED Platinum, the local project team demonstrates to our owners, tenants, prospective tenants and the community that this property is being managed to the highest standard of excellence,” said Hines Director John Orsak.

Global Sustainability Officer Gary Holtzer, added, “Hines has a long track record of commitment to sustainable development, and active leadership in the USGBC LEED programs. The 24th at Camelback II building is the firm’s latest commitment to sustainable development in Phoenix.”

Hines is a leader in Phoenix for sustainable real estate development and operations. 24th at Camelback II’s sister building, 24th at Camelback I, also managed by Hines, is ENERGY STAR labeled and certified LEED Gold under the Existing Building rating system. The US Airways headquarters building in Tempe, which was developed and is managed by Hines, is LEED Gold certified and is one of just five properties in the United States (and the only one in Arizona) to have earned 11 consecutive ENERGY STAR labels—one for every year since the building’s first full year of operations in 2000. Hines also owns and manages Renaissance Square, a two-building, LEED EB Gold, ENERGY STAR-labeled office complex in downtown Phoenix.

Kierland One Photo

Hines/PCCP Venture Acquires Kierland One in Phoenix

Hines, the international real estate firm, announced today that along with joint venture equity partner PCCP, LLC, it has acquired Kierland One, a Class A, 175,441-square-foot office building located in the North Scottsdale Airpark submarket of Phoenix.

Completed in 1999, the four-story building is located at 16430 N. Scottsdale Road across from the Promenade Shops, within the Kierland master-planned development.   Situated on 11 acres and surrounded by first-class amenities, executive housing and the Loop 101 Freeway, the property, which is vacant, is well positioned to attract a new generation of tenants.

Hines Managing Director Chris Anderson, said, “We were attracted to Kierland One because of its premium location, the quality of the project, and the continuing Phoenix market recovery. This is a great addition to our portfolio of Class A office properties in Phoenix. The building’s flexible floorplates present a unique opportunity for large tenants.”

“Given the building’s prime location, coupled with the Hines/PCCP sponsorship, we believe we can attract a great lead tenant for the project.  We look forward to providing a building that suits the specific needs of a future user,” said Ron Bonneau, vice president with PCCP.

Barry Gabel, executive vice president with CBRE, represented the seller in the transaction. Jeff Hartland, executive vice president with Cassidy Turley, will be overseeing leasing.

PCCP, LLC is a premier real estate finance and investment management firm focused on commercial real estate debt and equity investments.  PCCP has over $6 billion in assets under management on behalf of institutional investors.  With offices in New York, San Francisco, Sacramento and Los Angeles, PCCP has a proven track record for providing real estate owners and investors with a broad range of funding options to meet capital requirements.  PCCP originates and services each of its investments, ensuring that clients benefit from added value and outstanding investment returns.  PCCP has invested more than $6.5 billion throughout the United States and continues to seek investment opportunities with proven operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,273 properties representing more than 514 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.  Currently, Hines manages 406 properties totaling 148.5 million square feet, which includes 78.3 million square feet for third parties.  With offices in 113 cities in 18 countries, and controlled assets valued at approximately $24.3 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.

Chris Anderson

Chris Anderson Re-Joins Hines As Managing Director To Oversee Arizona, NM Operations

The Phoenix office of Hines announces that Christopher “Chris” Anderson has re-joined the firm as managing director to oversee Hines’ operations in Arizona and New Mexico.

In that capacity, he will lead all operations including new business, development, property management and asset management.

From 2006 to present, Anderson served as vice president of development for Forest City Enterprises, Inc. in Albuquerque, N.M., and was responsible for their Mesa del Sol 12,900-acre master-planned community.

Prior to that, he was a senior project manager for Hines starting in 2000, and was involved in the development of 24th at Camelback I in Phoenix; the development management of the Glendale Arena (now Jobing.com Arena); and the land acquisition for the Scottsdale Corporate Center.

“Arizona and New Mexico are ever-growing markets that are important to us, and Chris will be instrumental in expanding the Hines brand by identifying additional growth opportunities,” said Mark Cover, senior managing director and CEO of the firm’s Southwest Region.

Anderson currently serves as a board member and vice chair for the Albuquerque NAIOP chapter, is board secretary for the PB&J Family Services (a non-profit community organization), and is a board member for the Albuquerque Economic Development Corporation. He was also recognized by New Mexico Business Weekly as one of the Top 40 business leaders under 40 years old.

Anderson holds a Masters of Real Estate and a Masters of Construction Management from the University of Denver, and a BS in Finance with a concentration in Real Estate from Arizona State University.

Hines has been active in the New Mexico market since 1983 and the Arizona market since 1996. The firm has developed 2.4 MSF in the two states, and currently manages 2.3 MSF there.

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Hines Value Added Venture III Acquires 24th & Camelback

 

The Phoenix office of Hines announced that the Hines U.S. Office Value Added Venture III (VAV III) has acquired its first investment, 24th at Camelback I, from GLL Real Estate Partners, who has owned the property since 2006. Financials were not disclosed.

Designed by Pickard Chilton and completed in 2000, 24th at Camelback I is a 302,209 SF Class A office tower, including approximately 27,209 SF of ground floor retail/restaurant space.

Hines developed the 8-story property on 8.5 acres located at 24th St. and Camelback Rd. in Phoenix’s Camelback Corridor submarket, and has managed the building since inception. 24th at Camelback I has received LEED® Gold designation, nine ENERGY STAR® labels, and was awarded the TOBY Award in 2011 for BOMA’s Greater Phoenix Office Building of the Year.

“We are very pleased with the acquisition of such a high-quality building in Phoenix’s Camelback Corridor,” said Senior Managing Director and fund manager Dave Congdon. “This asset is well positioned to capitalize on the continued recovery in the Greater Phoenix market.”

Added Hines Managing Director Travis Overall: “The Camelback corridor is a premier office location in Phoenix, and this acquisition capitalizes on the strength of the Hines firm: strong local teams of real estate experts in key markets who have long track records of buying, developing, leasing and operating office projects.”

“We are very pleased with our investment experience with this asset,” said GLL’s Christopher Quiett. “I think we had a significant impact on both the building and in operations during our stewardship, and we anticipate that companies located at 24th at Camelback will see even more positive impacts under Hines’ ownership. They are an excellent company.”

The Hines U.S. Office Value Added Venture III closed in August 2012 and is capitalized with $210M of equity for more than $600M of total leveraged capacity in the U.S. office sector. VAV III targets investments through which the firm can create value through leasing, management or redevelopment activities.

 

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Hines Hires CBRE as Exclusive Leasing Agent For Renaissance Square

 

The Phoenix office of Hines announced that CBRE has been awarded the exclusive leasing assignment for Renaissance Square, a 2-building, 965,000 SF office complex in Downtown Phoenix.

Renaissance Square is owned by the Hines U.S. Core Office Fund, L.P. and the property is managed by Hines.

This assignment marks CBRE’s first opportunity to work for Hines in Metro Phoenix. The leasing team is Jerry Noble, Patrick Devine, Greg Mayer and Katie Kelley of CBRE’s Phoenix office.

“Renaissance Square’s architecture is timeless, its image is first-class and it is owned by one of the strongest international real estate firms — Hines,” Devine said. “This property has a lot to sell — image, location, stability, to name a few, and it can definitely compete with newer deliveries in the downtown market. Tenants are looking for stable, solid owners and operators, and that’s what they’ll find at Renaissance Square.”

“The Phoenix recovery is underway, and Renaissance Square is in a great position as a leading Downtown office property.  Businesses will be well-served by the property and leasing teams we have in place,” said Blake Williams, managing director of the Hines U.S. Core Office Fund.

One and Two Renaissance Square were designed by the architecture firm Emery, Roth & Sons, Inc., and were completed in 1987 and 1989, respectively. One Renaissance Square is 25-stories tall, and Two Renaissance Square contains 27 stories. The buildings are clad in red granite, and are connected by a pedestrian sky bridge. The project provides parking for 1,690 cars in its two adjacent garages.

Renaissance Square is 70% leased to large corporate tenants, such as Ernst & Young, Quarles & Brady, and MidFirst Bank, as well as many prominent local businesses.

Renaissance Square has received the Energy Star label for energy efficiency each year from 2008 through present. In 2010, both buildings received Gold certification under the U.S. Green Building Council’s LEED rating system for Existing Buildings (EB).