Office

COVID's shutdowns helped the Hines team focus on closing the deal.

Respondents to the US Construction Monitor reported payment delays, in addition to dips in profits and in new business inquiries.

The collision of the physical and digital world will likely have a profound impact on what defines a workplace in the near future.

The latest lease agreement with Dallas' largest law firm, Haynes and Boone LLP, will mark the initial lease at Harwood No. 14, which is slated to break ground this winter.

After founding Hines in 1957, Gerald Hines gained notoriety as a visionary in the industry and the firm would go on to be involved in some of the world's most recognizable architectural landmarks.

The extension adds an additional $44 million in gross rent over the lease term.

But this tenant-friendly environment will likely only last for the next 12 to 18 months, says CBRE's Spencer Levy.

"I think that traditional capital markets have much less power than they did before."