{"id":64347,"date":"2020-08-25T13:13:00","date_gmt":"2020-08-25T13:13:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2718761"},"modified":"2020-08-25T13:13:00","modified_gmt":"2020-08-25T13:13:00","slug":"esteemed-real-estate-legend-gerald-d-hines-dies-at-age-95","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/08\/25\/esteemed-real-estate-legend-gerald-d-hines-dies-at-age-95\/","title":{"rendered":"Esteemed Real Estate Legend, Gerald D. Hines, Dies at Age 95"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo.png\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p>Gerald D. Hines, founder and chairman of the preeminent real estate firm, Hines, passed away peacefully at home on&nbsp;<span class=\"xn-chron\">Sunday, August 23, 2020<\/span>. Born in&nbsp;<span class=\"xn-location\">Gary, Indiana<\/span>&nbsp;on&nbsp;<span class=\"xn-chron\">August 15, 1925<\/span>, he recently celebrated his 95th birthday. The news was announced today by his son,&nbsp;<span class=\"xn-person\">Jeffrey C. Hines<\/span>, who has been running the firm as President, and now assumes the role of Chairman and CEO of Hines.<\/p>\n<\/div>\n<div class=\"col-sm-10 col-sm-offset-1\">\n<div class=\"gallery inline-carousel\">\n<div class=\"gallery-carousel-main\">\n<div class=\"gallery-cell\">\n<figure>\n<div class=\"image lightbox-item \" data-src=\"https:\/\/mma.prnewswire.com\/media\/1232346\/Gerald_D_Hines.jpg?p=publish\" data-asset-type=\"photo\" data-tweet-text=\"Gerald D. Hines - Annie Leibovitz\" data-asset-label=\"General\" data-twitter-share-url=\"https:\/\/mma.prnewswire.com\/media\/1232346\/Gerald_D_Hines.jpg?p=twitter\" data-facebook-share-text=\"Gerald D. Hines - Annie Leibovitz\" data-facebook-share-url=\"https:\/\/mma.prnewswire.com\/media\/1232346\/Gerald_D_Hines.jpg?p=facebook\" data-linkedin-text=\"Gerald D. Hines - Annie Leibovitz\" data-linkedin-share-url=\"https:\/\/mma.prnewswire.com\/media\/1232346\/Gerald_D_Hines.jpg?p=linkedin\" data-social-source=\"PR Newswire\" data-download-url=\"https:\/\/mma.prnewswire.com\/media\/1232346\/Gerald_D_Hines.jpg?p=publish\" data-sub-html=\"Gerald D. Hines - Annie Leibovitz\"><img decoding=\"async\" class=\"img-responsive carousel-item\" src=\"https:\/\/mma.prnewswire.com\/media\/1232346\/Gerald_D_Hines.jpg?p=publish&amp;w=950\" alt=\"\" \/><\/div><figcaption>Gerald D. Hines &#8211; Annie Leibovitz<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p><span class=\"xn-person\">Gerald D. Hines<\/span>&nbsp;was widely regarded and regularly honored as a leading visionary in the commercial real estate industry. He transformed an entrepreneurial startup, established in&nbsp;<span class=\"xn-location\">Houston, TX<\/span>&nbsp;in 1957, into an international powerhouse, renowned for developing, owning and managing some of the world&#8217;s most recognizable architectural landmarks across five continents. With more than 4,800 employees, Hines today is active in 225 cities in 25 countries. Equally as influential as Hines&#8217; worldwide presence is the integrity and excellence woven into each project, a corporate attribute imbued by its founder.<\/p>\n<\/div>\n<div class=\"col-sm-10 col-sm-offset-1\">\n<p>Hines was revered for his ability to enhance urban landscapes and add lasting value to communities through innovative design concepts, intelligent planning, unmatched efficiency, trendsetting features, and the highest possible standard of quality. His careful attention to every detail and insistence on integrating the very best materials, systems and operational procedures, set the benchmark for excellence throughout the industry.<\/p>\n<p>Most notable was Hines&#8217; belief that memorable design by prominent architects could garner commercial success. This prevailing tenet revolutionized the building industry as well as the quality of commercial building stock in major U.S. cities, and reshaped skylines around the world. Throughout his career, Hines teamed with such renowned architects as: Lord&nbsp;<span class=\"xn-person\">Norman Foster<\/span>;&nbsp;<span class=\"xn-person\">Bruce Graham<\/span>&nbsp;and&nbsp;<span class=\"xn-person\">David M. Childs<\/span>&nbsp;of SOM;&nbsp;Gyo Obata;&nbsp;<span class=\"xn-person\">Philip Johnson<\/span>&nbsp;and John Burgee (15 projects total); I.M.&nbsp;<span class=\"xn-person\">Pei and Harry N. Cobb<\/span>;&nbsp;<span class=\"xn-person\">Cesar Pelli<\/span>;&nbsp;<span class=\"xn-person\">Kevin Roche<\/span>;&nbsp;<span class=\"xn-person\">Robert A.M. Stern<\/span>; A.&nbsp;<span class=\"xn-person\">Eugene Kohn<\/span>&nbsp;and&nbsp;<span class=\"xn-person\">William E. Pedersen<\/span>;&nbsp;<span class=\"xn-person\">Charles W. Moore<\/span>;&nbsp;<span class=\"xn-person\">Frank O. Gehry<\/span>;&nbsp;<span class=\"xn-person\">Jon Pickard<\/span>; and&nbsp;<span class=\"xn-person\">Jean Nouvel<\/span>, among others.<\/p>\n<p>The Hines firm has developed more than 907 projects around the world, including 100 buildings over 25 stories, and the tallest office towers in&nbsp;<span class=\"xn-location\">Texas<\/span>,&nbsp;<span class=\"xn-location\">Kentucky<\/span>,&nbsp;<span class=\"xn-location\">New Jersey<\/span>,&nbsp;<span class=\"xn-location\">Oklahoma<\/span>&nbsp;and&nbsp;<span class=\"xn-location\">Italy<\/span>. After elevating&nbsp;<span class=\"xn-location\">Houston&#8217;s<\/span>&nbsp;built environment to prestigious art with sustainable function, Hines made his mark across the nation, establishing large local offices in major hubs, including&nbsp;<span class=\"xn-location\">New York<\/span>,&nbsp;<span class=\"xn-location\">San Francisco<\/span>,&nbsp;<span class=\"xn-location\">Atlanta<\/span>&nbsp;and&nbsp;<span class=\"xn-location\">Chicago<\/span>. From 1996-2010, Hines made&nbsp;<span class=\"xn-location\">London<\/span>&nbsp;his home base, having transferred day-to-day operations to his son, Jeff, who became the firm&#8217;s CEO and president in 1990. While abroad, Hines expanded into major Western and Eastern European markets, securing a footprint that is still growing across the continent. The firm also entered into&nbsp;<span class=\"xn-location\">Asia<\/span>&nbsp;in the mid 1990s.<\/p>\n<p>Significant projects include 53<sup>rd<\/sup>&nbsp;at Third, known as the Lipstick Building,&nbsp;<span class=\"xn-location\">New York<\/span>; 101 California,&nbsp;<span class=\"xn-location\">San Francisco<\/span>; One Ninety One Peachtree,&nbsp;<span class=\"xn-location\">Atlanta<\/span>; Three First National Plaza,&nbsp;<span class=\"xn-location\">Chicago<\/span>; Five Hundred Boylston,&nbsp;<span class=\"xn-location\">Boston<\/span>; DZ Bank,&nbsp;<span class=\"xn-location\">Berlin<\/span>; Porta Nuova,&nbsp;<span class=\"xn-location\">Milan<\/span>; and EDF Tower,&nbsp;<span class=\"xn-location\">Paris<\/span>. In addition are&nbsp;<span class=\"xn-location\">Houston<\/span>&nbsp;landmarks,&nbsp;<span class=\"xn-person\">One Shell Plaza<\/span>; The Galleria; Pennzoil Place; Bank of America Plaza; JPMorgan Chase Tower and&nbsp;<span class=\"xn-person\">Williams Tower<\/span>.<\/p>\n<p>In 2007,&nbsp;<span class=\"xn-person\">David Childs<\/span>, chairman emeritus of&nbsp;<span class=\"xn-person\">Skidmore Owings<\/span>&nbsp;and Merrill, said, &#8220;Hines&#8217; attention to architecture has been good not only for the profession but also for urbanism, as his unwavering concern for the quality of his buildings extends beyond the plot of land and the frame of the site to the community.&#8221;<\/p>\n<p>Hines&#8217; bold leadership in sustainability has been recognized by the U.S. Environmental Protection Agency, the U.S. Green Building Council, Global Green&nbsp;<span class=\"xn-location\">USA<\/span>, and similar organizations in&nbsp;<span class=\"xn-location\">South America<\/span>,&nbsp;<span class=\"xn-location\">Europe<\/span>&nbsp;and&nbsp;<span class=\"xn-location\">Asia<\/span>. His respect for the integrity of local architecture and native culture, and his ongoing effort to add public spaces, parks, water features, art, and other open amenities as extensions of commercial projects have enhanced the quality of life in numerous communities.<\/p>\n<p>&#8220;Beyond his significant, impactful career and his pioneering contributions to architecture, sustainability and the built environment, Dad felt his greatest achievement is the team of dedicated professionals who have, and will continue to, carry on his legacy of peerless quality, integrity and innovation,&#8221; stated&nbsp;<span class=\"xn-person\">Jeffrey C. Hines<\/span>, Chairman and CEO, Hines.<\/p>\n<p>Hines graduated from&nbsp;<span class=\"xn-org\">Purdue University<\/span>&nbsp;with a degree in Mechanical Engineering and later received honorary doctorates from both&nbsp;<span class=\"xn-org\">Purdue<\/span>&nbsp;and the&nbsp;<span class=\"xn-org\">University of Houston<\/span>. He was a frequent guest lecturer at major universities and an esteemed speaker at industry events. Hines was the 2002 recipient of the Urban Land Institute&#8217;s Prize for Visionaries in Urban Development and is an honorary Fellow of the American Institute of Architects. Among his proudest accomplishments are the Gerald D. Hines College of Architecture at the&nbsp;<span class=\"xn-org\">University of Houston<\/span>&nbsp;and the establishment of the Urban Land Institute&#8217;s Gerald D. Hines Student Urban Design Competition.<\/p>\n<p>Hines is survived by his wife, Barbara, four children, 15 grandchildren and one great grandson. Hines will be laid to rest in a private family ceremony in&nbsp;<span class=\"xn-location\">Aspen, Colorado<\/span>. A celebration of his life will be held at a future date when it is safe to congregate.<\/p>\n<p><strong>About Hines<\/strong><\/p>\n<p>Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 225 cities in 25 countries. Hines has approximately&nbsp;<span class=\"xn-money\">$144.1 billion<\/span>&nbsp;of assets under management, including&nbsp;<span class=\"xn-money\">$75.5 billion<\/span>&nbsp;for which Hines serves as investment manager, including non-real estate assets, and&nbsp;<span class=\"xn-money\">$68.6 billion<\/span>&nbsp;for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,426 properties, totaling over 472 million square feet. The firm&#8217;s current property and asset management portfolio includes 576 properties, representing over 246 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit&nbsp;www.hines.com&nbsp;for more information.<\/p>\n<\/div>\n<\/div>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/www.hines.com\" target=\"_blank\">http:\/\/www.hines.com<\/a><br \/><b>Contact Information:<\/b><br \/>Gerald D. Hines &#8211; Annie Leibovitz<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire-real-estate\/\" rel=\"category tag\">Wire Real Estate<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Gerald D. Hines &#8211; Annie Leibovitz<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"24\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/07\/4000-logo.png\" alt=\"\">Gerald D. Hines, founder and chairman of the preeminent real estate firm, Hines, passed away peacefully at home on&nbsp;Sunday, August 23, 2020. Born in&nbsp;Gary, Indiana&nbsp;on&nbsp;August 15, 1925, he recently celebrated his 95th birthday. The news was announced today by his son,&nbsp;Jeffrey C. Hines, who has been running the firm as President, and now assumes the &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/08\/25\/esteemed-real-estate-legend-gerald-d-hines-dies-at-age-95\/\">Continue reading <span>Esteemed Real Estate Legend, Gerald D. Hines, Dies at Age 95<\/span><\/a> <a href=\"http:\/\/ipsnews.net\/business\/2020\/08\/25\/esteemed-real-estate-legend-gerald-d-hines-dies-at-age-95\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54,18],"tags":[],"class_list":["post-64347","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire","category-wire-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Esteemed Real Estate Legend, Gerald D. 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