Hines | The Real Deal New York

The Real Deal New York

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Hines

811 Main Street, Suite 4100
Houston, TX 77002
(713) 237-5600
Website
Hines-Interests

Hines is a Houston-based property and facility management firm. Hines has the skill and knowledge to evaluate a property and create a strategy to maximize its value. Hines offers a full range of services to corporate and institutional real estate owners: asset management, property management, marketing/leasing, development/redevelopment, acquisition/disposition, finance/accounting and engineering. The firm has been in business for more than 50 years.

In early 2015, Hines and its partner Diversified Real Estate Capital announced plans to break ground on a $134 million apartment development in Doral, near Miami.The project is a joint venture between the two firms, marking their second apartment development in South Florida. The two also developed Aviva Coral Gables, a 250-unit complex next to the Village of Merrick Park.

The firm was founded by Gerald Hines in Houston in 1957. Since then, as a co-owner along with his son Jeffrey, he leads the firm's Executive Committee, participates in new business and investor relationships and advises the firm's regions on architectural excellence. He graduated from Purdue University with a BS in Mechanical Engineering and later received an honorary doctorate from the school. Hines is a recipient of the J.C. Nichols Prize for Visionary Urban Development and an honorary Fellow of the American Institute of Architects.  -GM


02/14/19
...Ronald Dana accused the developers, Alexico Group and Hines, of failing to deliver on certain promises — such as soaring 14-foot ceilings, a private...

02/14/19
...Kwee Liong Keng, 53 West 53rd Street, and Gerald Hines (Credit: Google Plus and Leading Voices Podcast) Facing poor sales and an oversaturated market...

02/10/19
The numbers don’t lie — the city of Vancouver is in the midst of a massive correction in its residential market. The composite home price...

02/07/19
A group of Chinese investors is suing a developer to return some $50 million invested in a failed River North tower project. The 60 investors...

02/06/19
Despite Brexit, or because of it? Investment in London’s commercial real estate stayed strong in 2018, with a total deal volume of $21 billion pushing...

02/06/19
The Chinese developer behind Williamsburg’s Oosten condominium is on the hook for more than $250,000 in common charges, according to a new report. That puts...

02/02/19
Chinese developers are increasingly seeking to raise money on the international bond market, even as default rates skyrocket. Fourteen top developers in China have issued...

02/01/19
Discounts continue to dominate the ultra-luxury condo market. A sponsor unit at Extell Development’s One57 tower sold for $22 million, down from its original listing...

Almost immediately after city and state officials announced their deal with Amazon to build half of its “second ...

01/30/19
A Chinatown developer with a history of alleged fraud became the FBI’s way into gathering evidence against Alderman Danny Solis (25th) in 2014. In 2014,...

01/29/19
In 2012, Joseph Chetrit , a Moroccan real estate investor known for his New York City developments, allegedly flew to Geneva to meet Nicolas Bourg,...

01/29/19
The Chinese real estate selling spree continues to break records. After being net sellers of U.S. real estate in the second quarter of 2018, which...

01/29/19
National Drive in Mill Basin, Brooklyn, is a museum of late-20th-century suburban hodgepodge: A modest colonial here, a questionable Spanish villa there. Stucco sits beside...

01/28/19
As the largest private real estate development in the United States, Hudson Yards is a project every New York development company would dream of having...

01/28/19
...to release sales numbers. RFR and its partners — Hines, China Vanke and China Cinda Asset Management — are aiming for a sellout of $868 million...

01/23/19
Unconventional mortgages — the likes of which were criticized for their role in the financial crisis — are making a comeback. These loans are aimed...

01/20/19
Foreign investors in China’s commercial property market are on a buying spree as high borrowing costs restrain domestic investors. The volume of commercial real estate...

01/18/19
When Canadian fashion mogul Maurice Benisti’s company lent nearly $19 million to a buyer of a new apartment at Extell Development’s One57, there was no...

01/15/19
National Drive in Mill Basin, Brooklyn, is a museum of late-20th-century suburban hodgepodge: A modest colonial here, a questionable Spanish villa there. Stucco sits beside...

01/11/19
Brazilian beer magnate Marcel Herrmann Telles just dropped $18 million on a unit at 15 Central Park West — adjacent to a unit he already...

01/10/19
China’s largest bank will retain a toehold at Trump Tower as it relocates the bulk of its New York City offices to Sixth Avenue. The...

01/10/19
Controversial super-lawyer David Boies has sold his 35th-floor apartment at the Sherry-Netherland a decade after moving in. The two-bedroom apartment at 781 Fifth Avenue went for...

01/09/19
The guest list for the China General Chamber of Commerce USA’s annual gala is a who’s who of Chinese and American business royalty. In mid-January,...

01/09/19
Investor Jacob Chetrit bought 850 Third Avenue from debt-laden HNA Group and its partners for $422 million. Chetrit and his sons, Michael and Simon, closed...

01/09/19
While Chinese companies continue their retreat from commercial real estate in the U.S., it’s a different story when it comes to residential. Chinese consumers have...
Hines, CEO - Capital Markets Group and East Region
499 Park Avenue, 12th Floor, New York, NY, 212-230-2300
...
Hines Realty, Senior Vice President
499 Park Avenue, 12th Floor, New York, NY, (212) 230-2300
Tommy Craig is a senior vice president of Hines, in charge of the...
Witkoff Group, Executive Vice President
130 East 59th Street, 15th Floor, New York, NY, (212) 672-4700
Phillip A. Gesue is an executive vice president at The Witkoff Group, a...
  • Event Retail Leasing
  • Address 143 West 19th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3,000
  • Amount Price 62.22
  • Publication Date 01/11/2019
  • Event Date 01/14/2019
  • Party 1 139 West 19th St. Co
  • Party 1 Brokerage Gavios Realty Group
  • Party 1 Broker Aaron Gavios
  • Party 2 Asian Barn
  • Party 2 Brokerage Gavios Realty Group
  • Party 2 Broker Margaret Royer
notes
The Chinese furniture store signed a 10-year lease for the Chelsea location which had an asking rent of $62.22 per square foot.
  • Event Office Leasing
  • Address 175 Delancey Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 8,520
  • Publication Date 12/23/2018
  • Event Date 12/19/2018
  • Party 1 Delancey Street Associates
  • Party 2 Chinese-American Planning Council
  • Party 2 Brokerage Urban Property Group
notes
The nonprofit signed a 20-year lease for the Lower East Side location.
  • Event Sales
  • Address 2330 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 14,800
  • Price $ 61,000,000
  • Publication Date 11/19/2018
  • Event Date 11/15/2018
  • Party 1 2330 Broadway LLC
  • Party 2 Hines, Welltower
notes
The buyer secured the Upper West Side property for $61 million.
  • Event Office Leasing
  • Address 22 Commerce Street
  • Neighborhood Red Hook
  • Borough Brooklyn
  • Square feet 2,500
notes
The office space provider inked a lease for the Red Hook space.
  • Event Office Leasing
  • Address 345 Hudson Street
  • Neighborhood Hudson Square
  • Borough Manhattan
  • Square feet 13,646
  • Publication Date 05/07/2018
  • Event Date 05/01/2018
  • Party 1 Trinity Real Estate, Norges Bank Investment Management, Hines
  • Party 1 Brokerage CBRE
  • Party 1 Broker Zach Price
  • Party 2 Daniel Wellington
  • Party 2 Brokerage Compass
  • Party 2 Broker David Graff
notes
The watch brand inked a lease for part of the 13th floor of the Hudson Square building.
  • Event Office Leasing
  • Address 145 East 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,399
  • Publication Date 04/17/2018
  • Event Date 04/10/2018
  • Party 1 ABS Partners Real Estate, Benenson Investment Co.
  • Party 1 Brokerage ABS Partners Real Estate
  • Party 1 Broker John Brod, Robert Finkelstein, Alex Kaskal
  • Party 2 ToJoy Holding Co.
  • Party 2 Brokerage Keller Williams
  • Party 2 Broker Connie Lu
notes
The Chinese Venture Capital firm inked a lease for the entire 10th floor of the Plaza District building.
  • Event Sales
  • Address 208 Delancey Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 67,296
  • Price $ 29,000,000
  • Publication Date 01/09/2018
  • Event Date 12/20/2017
  • Party 1 Andy Zhu
  • Party 2 New Empire Real Estate
notes
The Chinese developer acquired the Lower East Side building for $29 million.
  • Event Financing
  • Address 135 West 45th Street
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 304,831
  • Price $ 110,000,000
notes
The owner of the Hyatt Centric Times Square acquired a $110 million loan.
  • Event Sales
  • Address 499-501 Third Avenue
  • Neighborhood Murray Hill/Kips Bay
  • Borough Manhattan
  • Square feet 15,186
  • Price $ 75,000,000
  • Publication Date 11/13/2017
  • Event Date 11/06/2017
  • Party 1 Extell Development
  • Party 2 China Overseas Land & Investment
notes
The Chinese subsidiary of the state-owned development giant acquired the site for $75 million.
  • Event Sales
  • Address 11 East 51st Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 13,349
  • Price $ 30,000,000
  • Publication Date 10/01/2017
  • Event Date 09/14/2017
  • Party 1 Mercantil Commercebank
  • Party 2 Soho China
notes
The Chinese developer acquired the John Pierce Residence for $30 million.
  • Event Financing
  • Address 341 West 36th Street
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 81,000
  • Price $ 65,000,000
  • Publication Date 10/01/2017
  • Event Date 08/21/2017
  • Party 1 Ascott Residence Trust
  • Party 2 Oversea-Chinese Banking Corporation
notes
The REIT manager obtained a loan for its recent acquistion.
  • Event Financing
  • Address 287 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 55,000,000
  • Publication Date 09/01/2017
  • Event Date 07/26/2017
  • Party 1 CL International
  • Party 2 Hua Nan Commercial Bank
notes
The Chinese developer received a loan to renovate the United Charities building.
  • Event Retail Leasing
  • Address 432 Park Avenue South
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,786
  • Price per foot $ 200.00
notes
The Chinese and Indian food franchise inked a 10-year lease.
  • Event Retail Leasing
  • Address 122 Second Avenue
  • Neighborhood Ukrainian Village
  • Borough Manhattan
  • Square feet 5,000
notes
The martial arts school signed a new lease for the ground and second floors, at $80 per square foot.
  • Event Retail Leasing
  • Address 343 West 14th Street
  • Neighborhood Meatpacking District
  • Borough Manhattan
  • Square feet 4,150
notes
The Chinese-style restaurant signed a lease in the Meatpacking District.
  • Event Office Leasing
  • Address 205 Hudson Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 94,740
notes
WeWork, a shared workplace company, has signed a lease at 205 Hudson Street.
  • Event Retail Leasing
  • Address 38 East 23rd Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 1,200
notes
The Western Chinese cuisine eatery signed a lease.
  • Event Sales
  • Address 385 First Avenue
  • Neighborhood Gramercy
  • Borough Manhattan
  • Square feet 150,800
  • Price $ 32,900,000
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 Cheerland Investment Group
  • Party 2 Hudson West VI
notes
The purchaser, a Chinese investor, acquired a 32.9% percent stake for $32.9 million in the 20-story multifamily rental-turned-condo building.
  • Event Sales
  • Address 1221 Sixth Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 2,508,386
  • Price $ 1,000,030,000
notes
The Chinese sovereign wealth fund bought a 45% equity stake for $1.03 billion.
  • Event Sales
  • Address 49 Orchard Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 12,438
  • Price $ 11,400,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Chinese Christian Herald Crusades
  • Party 2 Hogg Holdings
notes
The church was sold for $11.4 million.
  • Event Office Leasing
  • Address 860 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 30,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Romanoff Equities, Property Group Partners
  • Party 2 Alibaba
notes
The online retailer, known as the Chinese Amazon, signed a lease.
  • Event Office Leasing
  • Address 433 Hudson Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 15,215
notes
The design and advertising firm renewed its lease.
  • Event Financing
  • Address 146 Pierrepont Street
  • Neighborhood Brooklyn Heights
  • Borough Brooklyn
  • Square feet 2
  • Price $ 144,000,000
notes
The JV secured a construction loan of $144 million.
  • Event Sales
  • Address 222-224 West 21st Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 22,437
  • Price $ 29,500,000
notes
The multifamily asset sold for $29.5 million.
  • Event Retail Leasing
  • Address 216 East 49th Street
  • Neighborhood Turtle Bay
  • Borough Manhattan
  • Square feet 4,000
notes
The restaurant signed a lease.
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For decades, Staten Island development was a largely local affair. While the borough’s population has exploded in the 50-plus years since the Verrazano-...

Just about everyone in the New York City real estate industry knows — or at least think they know — about the city’s priciest deals....

A few years ago, law firms were cutting their payrolls and scrambling to refocus their practices on bankruptcies and restructurings. Indeed, the real estate law...

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The Brooklyn investment sales market is well on its way from rising star to fixed point in the firmament. In the first three quarters of...
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