Laura Hines-Pierce (left), Sarah Hawkins (top right) and Jason Alderman.
Laura Hines-Pierce, Sarah Hawkins, Jason Alderman
Co-CEO; senior managing director and head of U.S. East; senior managing director and city head of the New York office at Hines
Last year's rank: 35
After a bit of a slowdown, Hines has kicked it back into gear.
The Houston-based Hines, one of the country’s premier owners and developers, homed in on multifamily and office acquisitions last year, especially on the East Coast.
In Jersey City, N.J., the firm bought more than 400 housing units in two residential buildings, and it has several residential developments in the pipeline, including the 1.4-acre, 180-unit Station Lofts project in Port Chester, N.Y. It’s also in the process of developing a new senior housing property in Connecticut’s Fairfield County.
And, down in Florida, Hines began construction on FAT Village, a mixed-use, master-planned “urban destination” in Fort Lauderdale that will comprise housing, retail and office space.
“It all starts with the right location,” Sarah Hawkins said in an interview with CO in November. “Being accessible and convenient and part of the mixed-use environment is more important than ever.”
In the office market, the firm said it is close to delivering Boston’s South Station Tower, a 51-story office tower on top of the South Station train terminal. And, in New York City, Hines advised J.P. Morgan Chase on its $300 million purchase of 250 Park Avenue, one of the “largest 100 percent interest office sales in 2024.”
Plus, Hines leased more than 700,000 square feet of office in New York City last year and has another 500,000-plus square feet of active leases in negotiation, the firm said.
But it’s not just the Northeast and Florida that Hines is focused on. The firm completed both the 383-unit Residences at The Finery multifamily project in Nashville and the 200,000-square-foot office building T3 Wedgewood Houston in Nashville. In addition, Hines completed the largest self-storage acquisition in California last year with its $91 million purchase of an Extra Space Storage facility in Cerritos.
Hines also launched its SQ Collection, which it said provides its clients with a “passport to a global network of spaces” where they can access a variety of offices, conference rooms and event spaces within the Hines portfolio.
As for this year, Hines said it intends to continue focusing on acquisitions, given the “immediate uncertainty” of tariffs under the Trump administration.
