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in eighteen countries as well as the U.S. Hines is “ramping up all over, putting out a lot of capital.” When asked about opportunities, Mark foresees that Houston will continue to be a global gateway market for investors. This is due primarily to the energy business, the port, and the Texas Medical Center. The broadening of the U.S. manufacturing base is in its early stages but will likely create industrial opportunities here as well. There is growing recognition of the need for useful workforce training, which means that rather than trying to send every child to college, the technical aspect of training that is needed to produce a skilled workforce must be addressed. Thus education is a challenge. Transportation/infrastructure represents another significant challenge to continued growth and development. High density with a balance is cru-
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Other challenges include the fiscal stability of the city of Houston as it relates to its pension plan and, at the national level, regulatory and fiscal confusion continue to increase and this is, of course, a concern.“None of us can keep on spending and not looking at our checkbooks,” he said. Global
power shifts are another area of concern to Hines’ international investors. Many of them say they are extremely worried about “The United States giving up its leadership position in the world. That’s how they look at it; we’re giving it up. The investors say that, ‘if everybody was nice, it would be fine, but everybody’s not nice’. Current U.S. policy only seems to give more and more boldness to bad actors to beat up on their neighbors.” To summarize: Mark believes that opportunities abound, that challenges are being addressed, and the future is bright. “We should all be thankful that we’re here and enjoy the opportunities that we have.” He continued, “We’re excited to live in a place that has the opportunity to grow as this city is growing, although in respect to some of the infrastructure challenges, we have no idea how we’re going to get to there from here. Hines is looking forward to being a part of it, however.”
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cial. “There was some controversy regarding our high-rise development in River Oaks.” Mark noted that when he talked with some of the people opposed to the project and when questioned about cities they like to visit, they mentioned cities such as Paris and New York, all of which have high density projects and elaborate transportation systems available to their workforce. “Houston is going to have to develop bigger, bulkier ways to move people within the city.” Mark notes that although Houston is spread across the prairies to the city, it’s rewarding to be a part of creating a vibrant city with a core and density that is exciting and fun.
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2229 San Felipe
609 Main at Texas
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Museum Tower
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2229 San Felipe
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21eleven Westheimer
609 Main at Texas
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2 0 R E D N e w Going s . c o m Deeper
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Pinto Business Park
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