Hines, with backing from A&L Development Phoenix of McLean, VA, announced plans to develop a 1.4 million-square-foot, mixed-use project in downtown Phoenix called Central Park East. A portion of the project is a public-private partnership between the two firms along with the City of Phoenix on behalf of Arizona State University for a new downtown campus. The transaction involving the site at the northeast corner of Central Avenue and Van Buren Street was arranged by Jim Fijan with CB Richard Ellis.