BG Group Place Winner of Urban Land Institute’s Development of Distinction Award

(HOUSTON) – Hines, the international real estate firm, announced today that BG Group Place has been named a 2014 winner in the Urban Land Institute’s (ULI) Development of Distinction Awards in the For-Profit Category.

The Development of Distinction awards program is the centerpiece of ULI’s efforts to recognize developments that exemplify best practices in design, construction, economic viability, community health, marketing and management.

The Houston award is modeled on the ULI Awards for Excellence global competition, which has been recognizing best practices in real estate development for more than 30 years.

Located in downtown Houston, BG Group Place contains 46 stories and approximately one million square feet. Designed by Pickard Chilton, the elegant glass and steel LEED® Platinum building, which features a dramatic cutaway notch and tenant balcony on the 39th floor, was completed in 2011. The unique tower was developed by the Hines CalPERS Green (HCG) development fund, a partnership that focuses exclusively on developing sustainable office buildings throughout the United States certifiable through the U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design Core & Shell (LEED®-CS) program.

This is the same partnership that is currently developing 609 Main at Texas, a 48-story, 1,050,000-square-foot office tower at the corner of Main and Texas streets in downtown Houston.

“This year’s Development of Distinction presented one of the strongest fields of finalists we’ve seen,” said Greg Erwin, firm-wide head of the Real Estate Development and Investments Practice Group for Winstead attorneys, and ULI Houston chair. “Each winner is an outstanding example of the ‘complete real estate project’ and has truly brought about positive impact on our community.”

 “This award affirms Hines’ ongoing commitment to superior design and the impact that a focus on sustainable development can have in today’s marketplace,” commended Hines Southwest Regional CEO Mark Cover.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.

Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties.

With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.

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