Hines Archives

Valley Partnership announces 2017 chair, board members

Phoenix
by in AZRE Magazine

Valley Partnership named Brett Hopper, development consultant at The OPUS Group, as its 2017 Chair. The commercial real estate industry group also named new board members representing Pederson Group, Land Advisors, Hines, City of Phoenix and Macerich. “As Valley Partnership’s 2017 Chair, I look forward to drawing from the expertise and experience of my peers… Read More →

40 Commercial real estate companies to watch in 2017

Arizona Center
by in AZRE Magazine

This year, experts still see Arizona as a hotspot for commercial real estate activity and development. While activity in other markets across the nation is starting to fizzle out, Arizona has yet to enter the ninth inning of the business cycle as a result of its slow and steady recovery following the recession. AZRE identifies… Read More →

Renaissance Square sells for $151.25 million

Renaissance Square
by in AZRE Magazine | Office

A joint venture group purchased Renaissance Square, a two-tower office and retail plaza in Downtown Phoenix, for $151.25 million, a source close to the deal reported. In an announcement the new ownership group released Wednesday, future plans call for a $50 million upgrade to the office towers, with plans to update the lobbies, plaza and indoor/outdoor tenant conference center… Read More →

Hines buys Southwest Industrial Center for $47.3M

Southwest Industrial Center
by in AZRE Magazine | Brokerage

Hines, the international real estate firm, acquired the Southwest Industrial Center from Hillwood Property Trust for $47.3 million. The  Class A industrial park is located in the heart of the Southwest Valley submarket in Phoenix at Buckeye Road and 75th Avenue. The project consists of a 684,000-square-foot, 32-foot clear logistics warehouse and an adjacent development parcel capable of accommodating a… Read More →

GPEC renews lease at Renaissance Square

GPEC
by in AZRE Magazine | Brokerage

Hines, the international real estate firm, announced it has renewed a long-term 11,976-square-foot lease for the Greater Phoenix Economic Council (GPEC) at Renaissance Square in Phoenix. GPEC, which has been in Renaissance Square since its inception, will continue occupying its space on the 25th floor. The organization renewed an 8-year lease and is updating the office into a… Read More →

Insight Global signs 12,460 SF lease in Phoenix

by in AZRE Magazine | Office

Hines, the international real estate firm, negotiated a 12,460-square-foot lease at 24th at Camelback II in Phoenix for Atlanta-based staffing services firm Insight Global. Insight Global will occupy the eighth floor of the 11th-story Class A building, which offers abundant glass exposure and mountain views, beginning in early 2017. Hines is developer, owner and property manager of the 306,877-square-foot building… Read More →

2016 TOBY Award winners announced

TOBY Award

This year’s BOMA Greater Phoenix TOBY Awards were presented on Nov. 4 at the Arizona Biltmore, which are among the highest honors bestowed by the association. 2016 TOBY Award winners:   Photos courtesy of BOMA Greater Phoenix The annual association awards recognize quality of buildings and excellence in building management. Buildings are judged on all… Read More →

ULI will explore evolution of suburban core

LGE Design Build
by in AZRE Magazine | Events

Across the country, suburban areas are becoming dynamic centers of change, new cultural activity and economic growth. What do the Valley’s suburban municipalities have to offer? That and other questions will be answered as ULI Arizona explores the essential strategies and lessons learned for transforming suburban communities into compact, walkable, hip places at its next… Read More →

Houston-based Hines buys 820k SF industrial facility

investment firm
by in AZRE Magazine | Brokerage | Industrial

The JLL Capital Market team negotiated the sale of Goodyear Crossing II, an 820,384-square-foot, Class A fulfillment center in Goodyear, which was purchased by  real estate investment firm Hines for $56.2 million. The property was fully leased at the time of the sale. As investment grade tenants continue to see the value of locating in Phoenix, investors… Read More →

Cleveland-based Financial risk firm expands into Phoenix

Financial risk

Hines, the international real estate firm, today announced it has signed a 19,200-square-foot lease at Renaissance Square for Gabriel Partners, a Cleveland-based financial risk and compliance firm expanding to the Phoenix market. Gabriel Partners will occupy the entire 22nd floor of Two Renaissance Square with collaborative office spaces. Gabriel Partners provides financial and risk analytics, intelligence and regulatory… Read More →

Hines sells 1.45-acre retail pad at Kierland One

Hines, the international real estate firm, recently sold a 1.45-acre retail pad at Kierland One, an office building in the North Scottsdale Airpark submarket, to Arizona State Credit Union and Cole Investment Group. Arizona State Credit Union purchased a 25,696-square-foot parcel and has plans to build a 4,400-square-foot state-of-the-art branch, which will include a drive… Read More →

Hines renews U.S. attorney’s lease at Renaissance Square

Financial risk
by in AZRE Magazine | Brokerage | In The Spotlight | Office

Hines, the international real estate firm, announced the renewal of the U.S. Attorney’s 72,980-square-foot, long-term lease at Renaissance Square, where it has been located for 15 years. The U.S. Attorney’s Office employs 280 staff members, including 120 attorneys, on floors 15-18 of Two Renaissance Square, a property owned by Hines. “We are very pleased that… Read More →

Hines announces moves at Renaissance Square

by in AZRE Magazine | Newsmakers

Hines, the international real estate firm, recently promoted Steve Hamel to General Property Manager and hired Lindy Mertins as Property Manager. Both positions are located at Renaissance Square. Hamel oversees a staff of 18 at Renaissance Square. He previously served as Property Manager of Renaissance Square. Through his leadership, Hamel has improved tenant satisfaction, accounting… Read More →

Hines completes 60,000 SF lease for Jones, Skelton & Hochuli

Financial risk

Hines, the international real estate firm, recently completed a 60,000-square-foot long-term lease for Jones, Skelton & Hochuli at its downtown Renaissance Square. The Phoenix-based firm with 80 attorneys and 125 support staff will be relocating from mid-town Phoenix to the new downtown Phoenix location. The law firm specializes in trial practice, insurance law, personal injury… Read More →