Gerald D. Hines
American businessman (1925–2020)
Gerald Douglas Hines (August 15, 1925 – August 23, 2020) was an American real estate developer based in Houston. He was the founder and chairman of Hines, a privately held real estate firm with its headquarters in that city.2
From Wikipedia’s article on Gerald D. Hines (this version), CC BY-SA 4.0.
Born Aug 15, 1925, died Aug 23, 2020.1
About
At the time of his death, the company had assets in 25 countries.
From Wikipedia’s article on Gerald D. Hines, shared under CC BY-SA 4.0.2
Companies
Early life and education
- 1948Purdue University bachelor's degree; mechanical engineering3
Hines was born in Gary, Indiana, on August 15, 1925, to Gordon and Myrte (née McConnell) Hines. His parents had moved to Gary from Nova Scotia in 1923. Hines was descended from British loyalists who fought in the Revolutionary War. Following his service as a lieutenant in the U.S. Army Corps of Engineers from 1943 to 1946, he graduated with a degree in mechanical engineering from Purdue University in 1948. He was then employed by American Blower Corp, and was subsequently transferred to Houston. After working at the company for several years, he went to work for Texas Engineering.
From Wikipedia’s article on Gerald D. Hines (this version), CC BY-SA 4.0.
Career
Occupation: entrepreneur, philanthropist, businessperson, architect, university teacher.5
- Date not recordedFounded Hines Interests Limited Partnership4
Shortly after moving to Houston in 1948, Hines formed an engineering partnership and started a fledgling real estate business on the side. He established Gerald D. Hines Interests in 1957; its early projects included warehouses and small office buildings. Edgar L. Muller was his architectural engineer in the early years in an office Hines built on Richmond Avenue. 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 900 developments would follow. The firm proceeded to branch out into Europe after the fall of communism there in 1989. It consequently completed projects in Spain, Italy, Germany, and the United Kingdom. Hines also served as chairman of the Federal Reserve Bank of Dallas from 1981 to 1983.
Hines was elected a member of the National Academy of Engineering in 2001 for global leadership in engineering advancements that set the standard for innovative and efficient design in the commercial building industry.
Hines subsequently passed control of the company to his son Jeffrey in 1990. A 2005 report by the Lipsey Company, recognized Hines as one of the largest real estate firms in the world, with operations throughout the U.S. and across the globe. Many of the firm's buildings were designed by well-known architects, including I. M. Pei, Philip Johnson, Cesar Pelli, Frank Gehry, and Robert A.M. Stern.
At the time of his death, the Hines portfolio of projects underway, completed, acquired, and managed for third parties includes more than 1,900 properties representing approximately 679,000,000 square feet (63,100,000 m2) of office, living/housing, mixed-use, industrial/logistics, hospitality, medical, retail, and sports facilities, as well as large, master-planned communities and land developments. With controlled assets valued at approximately $144.1 billion, Hines is one of the largest real estate organizations in the world. As of 2016, his net worth equaled US$1.3 billion.
From Wikipedia’s article on Gerald D. Hines (this version), CC BY-SA 4.0.
Personal life
- BornAug 15, 1925, Gary6 7
- DiedAug 23, 2020, Greenwich8 9
- CitizenshipUnited States10
- SpouseBarbara Hines11
In 1952, he married Dorothy Schwarz (died 2017) of the Schwarz family, founders of F.A.O. Schwarz toys; they have two children: Jeff and Jennifer, and divorced in 1980.
In his early 50s, Hines was told by doctors that he needed heart bypass surgery. Instead he became a vegetarian and followed a vigorous exercise routine. He helped to fund studies conducted by Dean Ornish. In 1981, he married German-born painter Barbara Fritzsche, who had grown up in Australia, the daughter of Holocaust survivors. Together they had two children: Serena and Trevor.
Hines died on August 23, 2020, at his home in Connecticut. He had celebrated his 95th birthday just over a week before his death.
From Wikipedia’s article on Gerald D. Hines (this version), CC BY-SA 4.0.
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. He was one of the primary contributors in the construction of the Chabad Jewish Community Center in Aspen, Colorado.
From Wikipedia’s article on Gerald D. Hines (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataGerald D. Hines on Wikidata
- 2WikipediaGerald D. Hines on Wikipedia
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- 7Wikidataplace of birth, as reported
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- 9Wikidataplace of death, as reported
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