Hines Development
What's the general consensus with this shop? For one who is interested in development post MBA, would this be one of the best options out there? Thanks!
What's the general consensus with this shop? For one who is interested in development post MBA, would this be one of the best options out there? Thanks!
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Yes, one of the best around. They generally use a capital partner, but do an outstanding job.
They are very decentralized and there is a wide range between regions. Some regional office do a really great job, but some are not as good.
Yes--if you get the chance. They recruit almost exclusively Wharton, Columbia, and HBS for Associates. Texas schools also have an advantage given their Houston headquarters. But in terms of development, really in a class of its own--maybe Tishman, Vornado, Related can compete. Huge ability and reach and depending on office, large amount of responsibility. Also can get equity as you become senior.
I highly doubt " almost exclusively Wharton, Columbia and HBS" part is true.
I might skim through Linked in later to see how this stands up.
Yeah I mean obviously not all roles but found this to be true for post-MBA development regional office recruiting!
yeah one contact I know who works there 'just' has UT undergrad and a few years experience at a small shop
I would say jumping straight out of UG into a Hines you definitely need to be from a target. However, I have seen many in Analyst/Associate roles from non targets but they have prior RE experience.
Hines is certainly a top-tier development shop. They're operated in a decentralized way, generally broken up into regions (i.e. West, Midwest, Northeast, etc.) and thus each region can differ quite a lot, and even more so from office to office since EVPs and SMDs have so much influence on the day-to-day. Projects (acquisitions vs. developments), size/scope, property type, frequency of deals, capital partners, and work-life balance can all vary considerably from office to office and region to region, from what I've seen (example being SF office doing Salesforce Tower, southwest doing SFR developments, and NYC doing fee projects).
As for hiring and recruiting, again it depends on office/region but there is definitely a lot of weight put on undergraduate and MBA pedigree. For example, from what I've experienced the west coast has a ton of people from top schools, both undergrad and MBA, like Stanford, Berkeley, Harvard, Princeton, Dartmouth, USC, UCLA, Columbia, etc. Seems to be similar when you look on LinkedIn for Houston, NYC, and Chicago.
I was talking to a buddy who had told me Hines differs greatly market to market. Do you have any insight on Hines in LA/OC/SD?
Interested in the LA Office's reputation as well.
Great insight. Thank you. Any knowledge of comp structure? Interested in whether there is a standard base + bonus for associate level and then how that changes when one makes director and eventually MD...
assuming a couple of you are applying for this LA gig, eh?
https://careers-hines.icims.com/jobs/4487/analyst/job
Hopefully you are in one of the California offices versus the PNW office if you are on the West Coast...
Regardless of region or office, highly political office culture. Can be toxic, almost cancerous.
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