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Hines Widens Bet on Bay Area Rebound With $60 Million Purchase of Silicon Valley Development Site

Houston Developer Finalizes Deal With Digital Realty for Former Shopping Center in Downtown San Jose, California
Hines is expected to redevelop the site at 150 S. First St. in San Jose, California, after acquiring the retail-turned-data-center property for $60 million. (CoStar)
Hines is expected to redevelop the site at 150 S. First St. in San Jose, California, after acquiring the retail-turned-data-center property for $60 million. (CoStar)
CoStar News
December 17, 2021 | 12:58 AM

Hines has a Bay Area development pipeline worth billions of dollars, but the Houston-based developer isn't shying away from adding to it as part of a long-term bet on the region's commercial real estate rebound.

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