Hines is launching Hines Squared , a co - working and flexible office space business , making it one of the largest landlords to enter the sector . The Houston - based firm is partnering with c0-workspace firms Industrious and Convene . Last year, it raised $80 million from investors led by Riverwood Capital and Fifth Wall Ventures, the latter of which counts Hines among its investors. They will operate properties for the real estate firm , which overseas $ 121bn in assets . Industrious , which counts Bloomberg among its investors , has existing partnerships with landlords including Blackstone ’s EQ Group , Jamestown LP , and Macerich , while Brookfield Property Partners and RXR Realty are investors in Convene and have added the firm to their tenant rosters in buildings that they own . The first two locations , which are expected to open by the end of this year , will be located at One Texas in Houston and The Kearns Building in Salt Lake City .
Hines is launching Hines Squared , a co - working and flexible office space business , making it one of the largest landlords to enter the sector . The Houston - based firm is partnering with c0-workspace firms Industrious and Convene . They will operate properties for the real estate firm , which overseas $ 121bn in assets . Industrious , which counts Bloomberg among its investors , has existing partnerships with landlords including Blackstone ’s EQ Group , Jamestown LP , and Macerich , while Brookfield Property Partners and RXR Realty are investors in Convene and have added the firm to their tenant rosters in buildings that they own . The first two locations , which are expected to open by the end of this year , will be located at One Texas in Houston and The Kearns Building in Salt Lake City .