X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Robert Trujillo Robert Trujillo

Arizona and Colorado are among the top multifamily target markets on the West Coast. Hines is now expanding its multifamily business in the two markets, and has tasked Robert Trujillo, who was recently hired as a managing director, to expand in the markets. Hines already has a presence in these markets, but the recent growth in these markets and improving fundamentals has encourages the investor to grow its presence in the markets.

“Hines has played an important role in the development of cities across the United States and around the globe, and Phoenix and Denver are two cities where Hines’ iconic office buildings are visible,” Trujillo tells GlobeSt.com. “It is Hines’ strong presence and long history in these cities that has given us a deep understanding of the real estate fundamentals that drive local growth whether in commercial or residential development. Hines believes multifamily demand continues to be strong in Phoenix and Denver given the consistent high-quality job growth and population growth we’re experiencing as these cities mature as 24-hour urban centers.  Our objective is to build multifamily properties that mirror the quality and sustainability Hines has accomplished with office development in these markets.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.