'I predict that compensation levels will stay flat'

PHOENIX-A dearth of for-lease office product drives Hines to plan second building. The opening quote is $40 per sf, full service.

PHOENIX-Ground will break in spring 2007 on the 11-story office building, Hines' second in six years in the Camelback Corridor.

WOODLAND HILLS, CA-The Houston-based investment and development company acquires the 808,000-sf office campus from Rreef via a subsidiary of Hines-Sumisei US Core Office Fund.