Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.
The company has developed, redeveloped or acquired 1,393 properties, comprising over 459 million square feet. The company currently manages 539 properties comprising 232 million square feet. The company has a presence in 205 cities in 24 countries.
The company was founded in Houston in 1957 by Gerald D. Hines.
In 1966, the company signed a lease with Royal Dutch Shell as the anchor tenant of a 50-story building it was constructing.
In March 2006, Hines Real Estate Investment Trust acquired 321 N. Clark, an 897,000 square foot office building in Chicago for $247.3 million.
In December 2006, a subsidiary of Hines Real Estate Investment Trust acquired a portfolio of 9 buildings in Redmond, Washington for $217 million.
In November 2008, Hines Real Estate Investment Trust acquired a 70% interest in 12 shopping centers owned by Weingarten Realty Investors.
In July 2009, a partnership of the company and Sterling surrendered a 542,000 square foot office building in San Francisco to its lenders.
In October 2010, Hines Global REIT acquired an office tower in Minneapolis for $180 million.
In December 2010, the company sold its 2% interest in 9 buildings including Safeco Plaza to its joint venture partner, CalPERS.
Highest paying job titles at Hines include Facilities Manager, Director, Facilities Management, and Controller