Gerald D. Hines

Gerald D. Hines
Born 1925 (age 90–91)
Gary, Indiana
Nationality United States
Occupation real estate developer
Known for founder and chairman of Hines
Net worth USD$1.3 billion (2016)[1]
Spouse(s) Dorothy Schwarz
Barbara Fritzsche
Children with Schwarz:
Jeffrey Hines
Jennifer Hines
Family Gordon E. Hines (cousin)

Gerald D. Hines (born 1925)[2] is the founder and chairman of Hines, a privately held real estate firm with its U.S. headquarters located in Houston, Texas, and its European headquarters located in London.[3] As of 2016, Gerald Hines' net worth equaled USD $1.3 billion.[1]

Early life and education

Hines was born in 1925 in Gary, Indiana.[3] His parents moved to Gary from Nova Scotia in 1923. Hines is descended from British loyalists who fought in the Revolutionary War.[4] In 1948,[3] he graduated with a bachelor in mechanical engineering from Purdue University.[5]

Career

Williams Tower in Houston.

He moved to Houston in 1948. Shortly after, he formed an engineering partnership and started a fledgling real estate business on the side, and he formed Gerald D. Hines Interests in 1957. Early Hines projects were warehouses and small office buildings. His first large-scale commercial development came in 1967 when Shell Oil Company hired Hines to construct a new downtown Houston headquarters. The Galleria, Pennzoil Place, Transco Tower (now Williams Tower) and more than 400 other major buildings followed.[6] He founded Hines in 1967.[1] Today, Hines is one of the largest real estate firms in the world, according to a 2005 report by the Lipsey Company [7] with operations throughout the U.S. and in 16 other countries.[8] Many of his buildings were designed by well-known architects: I. M. Pei, Philip Johnson, Cesar Pelli, Frank Gehry, and Robert A.M. Stern.

Today, the Hines portfolio of projects underway, completed, acquired and managed for third parties includes more than 1,100 properties representing approximately 454,000,000 square feet (42,200,000 m2) of office, residential, mixed-use, industrial, hotel, medical, retail and sports facilities, as well as large, master-planned communities and land developments.[9] With controlled assets valued at approximately $25.8 billion, Hines is one of the largest real estate organizations in the world, as stated in the press release, “Leading Sustainable Property Owner/Manager Hines Extends "Green Office" Program to It's (sic) 4,000+ Tenants."[10] As of 2016, his net worth equaled USD $1.3 billion.[1]

Hines also served as chairman of the Federal Reserve Bank of Dallas from 1981-1983.[3]

Philanthropy

Hines donated $7 million to the University of Houston’s College of Architecture which renamed the college the Gerald D. Hines College of Architecture.[3] He was one of the primary contributors in the construction of the Chabad Jewish Community Center in Aspen, Colorado.[11]

Personal life

In 1952, he married Dorothy Schwarz of the Schwarz family, founders of F.A.O. Schwartz toys;[12] they have two children: Jeff and Jennifer.[13] In 1981, he married German-born painter, Barbara (nee Fritzsche) Hines,[13][14] the daughter of Holocaust survivors.[15][16] His cousin is inventor Gordon E. Hines.

Awards

See also

References

  1. 1 2 3 4 "Gerald D. Hines". BisNow. Retrieved 2016-07-21.
  2. ↑ http://www.tshaonline.org/handbook/online/articles/ccpkp
  3. 1 2 3 4 5 Houston History: "WHO'S WHO - GERALD D. HINES" retrieved April 15, 2015
  4. ↑ Digital Houston Library: "Interview with Gerald Hines" Interviewed by Paul Hobby December 13, 2007
  5. ↑ Distinguished Engineering Alumni - Purdue.edu - Retrieved August 8, 2008
  6. ↑ http://forum.skyscraperpage.com/archive/index.php/t-132847.html
  7. ↑ http://www.lipseyco.com/2005_survey_chart_final.pdf
  8. ↑ http://www.agoraphoria.com/index.php?showtopic=556);
  9. ↑ "Aspen to Welcome Mega Jewish Center". Chabad of Dallas. July 29, 2014. Retrieved 2016-07-21.
  10. ↑ "Leading Sustainable Property Owner/Manager Hines Extends "Green Office" Program to It's 4,000+ Tenants". Hines press release. April 22, 2009. Retrieved 2016-07-21.
  11. ↑ Chabad of Dallas: "Aspen to Welcome Mega Jewish Center - Community will mark the opening of a new synagogue, mikvah and community center" By Carin M. Smilk July 29, 2014
  12. ↑ D magazine: "ANATOMY OF A SUPER MALL - The Galleria: A grand cathedral in the church of conspicuous consumption" By GEORGE RODRIGUE November 1981
  13. 1 2 Houston Chronicle: "Hines a towering influence on Houston landmarks - Hines is a towering influence on Houston landmarks From the Galleria to downtown skyscrapers, developer Gerald Hines reflects on triumphs" By Nancy Sarnoff June 10, 2007
  14. ↑ Pudwill, Elizabeth (23 October 2014). "Reception for Artist Barbara Hines, Glitters, at the Museum of Biblical Art in Dallas". Houston Chronicle.
  15. ↑ Jewish Herald Voice: "Hines’ awarded ‘Guardian of the Human Spirit’ - Barbara and Gerald D. Hines were honored at HMH’s annual luncheon" by MICHAEL C. DUKE November 12, 2009
  16. ↑ Houston Culture Map Magazine: "Houston artist takes on Dallas and draws an international crowd to a new national center" by Shelby Hodge October 16, 2014
  17. ↑ "ULI/Gerald D. Hines Student Urban Design Competition".
  18. ↑ "Honor Award". National Building Museum.
  19. ↑ "2004 Lynn S. Beedle Award Winner". Council on Tall Buildings and Urban Habitat. Retrieved 17 May 2012.
  20. ↑ "Gerald D. Hines gets a Harvard Design School award" (Press release). 2008-04-24.
  21. ↑ "Guardian of the Human Spirit Award". Holocaust Museum Houston.

External links

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