Search Results

HOUSTON-The size of the new office buildings has yet to be determined, but the first one breaks ground in the fall for a 2006 delivery. By 2007, a second building will be up and the 172,336-sf existing headquarters will be fully retooled.

BELLEVUE, WA-Principal Real Estate Investors of Iowa pays about $136.5 million for the 480,000-sf class A office development here that was developed and sold by Hines, which has been retained as property manager. The three-building complex is 95% leased.

ATLANTA-Bob Voyles, a fixture with Houston-based Hines for 16 years, is leaving the company's Southeast division July 31 to start Seven Oaks Development Co., a name he previously used with another company he operated in the mid-1990s.

JACKSONVILLE, FL-Locally based Mark One Realty outbid a dozen buyers for the 55,000-sf property that Allstate Life Insurance Co. had tried to sell conventionally for the past two years. Inland Real Estate Auctions of Oak Brook, IL orchestrated the transaction.

DALLAS-After a lengthy search for expansion space, Reddy Ice signs for a full floor at 8750 N. Central Expressway to take the class-A building to 52% occupancy. The move-in to 17,958 sf is planned for November.

HOUSTON-With the approval in hand, Hines REIT is ready to launch on an initial offering of 200 million shares. The sale is projected to generate up to $2.2 billion in equity with a buy-in minimum of $2,500.

MEXICO CITY-A group of institutional investors led by CalPERS and the British Columbia Investment Management Corp. acquires 52 industrial properties and one office building totaling 5.6 million sf from the publicly traded Mexican real estate company G. Accion, which will provide property management services.

HOUSTON-With the approval in hand, Hines REIT is ready to launch on an initial offering of 200 million shares. The sale is projected to generate up to $2.2 billion in equity with a buy-in minimum of $2,500.