Let’s face it: The company name “Hines” and its associated projects are synonymous with innovation and excellence - a long-standing tradition that shows no signs of waning. Admiration and respect follow this consistent performer around the globe, whether that be as experienced developer, savvy investor, or award-winning property manager. More than 3,000 full-time professionals at Hines work very hard (and very smart) to keep the company that way, according to Hines’ executive management - an accolade with far-reaching benefits (pride of ownership throughout the entire organization).
And, no wonder: Although less than 1 million square feet of new construction and half of that in modernization will be completed in 2006, the company proposes that an additional 36.7 million square feet of new construction will be completed in the near future. Hines’ landmark buildings dot the skylines of cities around the world, each combining form and function (i.e. both beauty and operational excellence). Hines’ sustainability initiatives - the basis of which is operational efficiency, environmental sensitivity, and resource conservation - have been front and center for a long time.
In fact, Hines began implementing green technologies in the early 1990s (before it was fashionable) and has been perfecting them since then. The recent industry trend toward sustainability has coincided with the firm’s long-standing belief in high-performance technologies and the long-term value it presents to owners and tenants alike. The company has been actively involved in the development of the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED®) programs since their inception; in fact, one of LEED’s pilot programs was chaired by a Hines executive. Several projects have become LEED certified, the latest of which is 2211 Michelson, an office building under construction in Irvine, CA, which is the first office building in California to be pre-certified in the Leadership in Energy and Environmental Design Core and Shell (LEED-CS) program. In 2004, Hines also became the only real estate company to receive the U.S. Environmental Protection Agency’s ENERGY STAR® Sustained Excellence Award. Prior to that, Hines was named ENERGY STAR Partner of the Year 3 years running, from 2001 to 2003.
With offices in 68 U.S. cities and 14 foreign countries, and controlled assets valued at approximately $12.5 billion, Hines is one of the largest private real estate organizations in the world. In June, the company announced the launch of two new investment funds: the Pan-European Core Fund (HECF) for specific European Union projects, and HCS Interests LP, in conjunction with the California Public Employees’ Retirement System (CalPERS), which is dedicated to the Spanish residential market, chiefly on the Mediterranean coast. As is always the case with Hines, stay tuned ...