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Hines REIT Exits San Antonio Outdoor Mall Property

Hines REIT Exits San Antonio Outdoor Mall Property Posted on 05/14/2021 HGR Liquidating Trust is a fund sponsored by Hines. HGR Liquidating Trust sold The RIM, a major mixed-use, open-air shopping center in northeast San Antonio, Texas. Big V Property Group and Equity Street Capital acquired the retail asset in a joint venture. The RIM has more than 1.6 million square feet of retail. The property was in contract in January 2021. The sales price was US$ 219.7 million. JLL Capital Markets advised the seller. Hines Glob­al REIT, Inc. (HGR) was a non-list­ed real estate invest­ment trust (REIT) that owned and man­aged a diver­si­fied real estate port­fo­lio in domes­tic and inter­na­tion­al mar­kets. HGR com­menced the liq­ui­da­tion of its assets pur­suant to a plan of liq­ui­da­tion and dis­so­lu­tion approved by its stock­hold­ers in July 2018. In accor­dance with the plan, HGR trans­ferred its assets and lia­bil­i­ties to HGR Liq­ui­dat­ing Trust

From the Wings: A counter plan to restore the Utah Pantages Theater enters left • Salt Lake Magazine

From the Wings: A counter plan to restore the Utah Pantages Theater enters left • Salt Lake Magazine
saltlakemagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakemagazine.com Daily Mail and Mail on Sunday newspapers.

Is It Too Late to Stop Demolition of Historic Utah Theater? • Salt Lake Magazine

For more than 100 years, the Utah Pantages Theatre has stood on Salt Lake City’s 100 South block of Main Street no longer a city block, but a chopping block for the Utah Theatre and neighboring local businesses. This particular axe will likely take the form of a deal between the Redevelopment Agency of Salt Lake City, which owns the land, The Hines Group and The LaSalle Group. On the theater’s resting place, the developers propose building a 31-story glass monolith another tower of high-rise apartments which would cannibalize some of the theater’s historic remains for its design as a way of preserving them.

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