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- Oct 27, 2009
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Born to Canadian parents, Gerald D. Hines grew a one-man operation into one of the largest real estate investment, development and management firms in the world. Since its inception in 1957, Hines has developed or acquired more than 980 projects in 245 cities globally and 17 countries, representing more than 330 million square feet of commercial, residential, mixed-use and industrial projects. The Hines firm controls assets valued at approximately $22.9 billion and partners with major institutional investors as well as individual investors through the Hines REIT.
Hines is an Honorary Fellow of the American Institute of Architects and has received the Urban Land Institute`s J.C. Nichols Prize for Visionaries in Urban Development. An industry pioneer in aesthetics and sustainability, Hines has championed and supported real estate architecture and urban planning programs at Harvard, Yale and Rice universities; the College of Architecture at the University of Houston is named in his honor.
http://www.planbeconomics.com/2010/11/16/s...tate-developer/
Enjoy!
As an aside, listening to Gerald`s talk reminds me why I really like being involved with large family/owner run businesses. The difference between a company run by a hired-gun CEO and an owner operator is very striking to me. I don`t see how non owner operator businesses can compete.
Some of the more interesting comments for me include:
17:40 To know when that (real estate) cycle is at the top - when you can borrow equity, all the equity, guys it`s time to stop and sell.
30:00 Gerald senses that the real estate environment may be similar to what he experienced in the 80s. How to survive? Good properties, highly leased, low bank debt.
Hines is an Honorary Fellow of the American Institute of Architects and has received the Urban Land Institute`s J.C. Nichols Prize for Visionaries in Urban Development. An industry pioneer in aesthetics and sustainability, Hines has championed and supported real estate architecture and urban planning programs at Harvard, Yale and Rice universities; the College of Architecture at the University of Houston is named in his honor.
http://www.planbeconomics.com/2010/11/16/s...tate-developer/
Enjoy!
As an aside, listening to Gerald`s talk reminds me why I really like being involved with large family/owner run businesses. The difference between a company run by a hired-gun CEO and an owner operator is very striking to me. I don`t see how non owner operator businesses can compete.
Some of the more interesting comments for me include:
17:40 To know when that (real estate) cycle is at the top - when you can borrow equity, all the equity, guys it`s time to stop and sell.
30:00 Gerald senses that the real estate environment may be similar to what he experienced in the 80s. How to survive? Good properties, highly leased, low bank debt.
