{"id":1004057632,"date":"2013-01-14T11:27:22","date_gmt":"2013-01-14T19:27:22","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=94052"},"modified":"2022-12-05T00:15:44","modified_gmt":"2022-12-05T08:15:44","slug":"hines-lines-up-transit-oriented-multifamily-development-in-pasadena-after-completing-land-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-lines-up-transit-oriented-multifamily-development-in-pasadena-after-completing-land-deal\/","title":{"rendered":"Hines Lines Up Transit-Oriented Multifamily Development in Pasadena After Completing Land Deal"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify\">A new multifamily development is set to take shape in Pasadena after international real estate firm Hines recently announced that it has acquired a patch of land on which it intends to develop a residential community. The company will develop a for-rent residential community in a submarket that it has deemed one of the strongest for such projects in Southern California. Handling the development process will be Hines\u2019 Multifamily Division, an entity created in 2011 to better manage and develop the company\u2019s multifamily assets.<\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify\">The 212-unit rental apartment building will be constructed in the near future on the newly acquired 3.5-acre parcel located at the corner of Sierra Madres Villa Road and Foothill Boulevard, in the immediate vicinity of the 210-freeway. The structure will include a four-story apartment building located over a two-level resident parking facility, in a neighborhood that features a host of restaurants and convenience retail. The area provides easy vehicular and public transit access throughout the city of Pasadena and the greater Los Angeles area. <span>\u00a0<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify\">Set to be a Class A transit-oriented d<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/pasadena.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-94053\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/pasadena.jpg\" alt=\"\" width=\"300\" height=\"123\" \/><\/a>evelopment, the property will aim for best-in-class status, according to the desires of developer Hines. This multifamily project in Pasadena promises to open a new door for residential development by the company throughout the state as Hines Multifamily Division\u2019s Senior Managing Director Alan Patton has mentioned that the company \u201chas a legacy of delivering high-quality projects all over the world, and we expect that to continue with our multifamily product throughout California.&#8221;<\/p>\n<p>Image courtesy of user <em>Bobak Ha&#8217;Eri<\/em> via Wikimedia Commons<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new multifamily development is set to take shape in Pasadena after international real estate firm Hines recently announced that it has acquired a patch of land on which it intends to develop a residential community. The company will develop a for-rent residential complex in a submarket that it has deemed one of the strongest for such projects in Southern California. Handling the development process will be Hines&rsquo; Multifamily Division, and entity created back in 2011 in order to better manage and develop the company&rsquo;s multifamily assets.<\/p>\n","protected":false},"author":237,"featured_media":1004506639,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[1815],"class_list":["post-1004057632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-los-angeles","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hines Lines Up Transit-Oriented Multifamily Development in Pasadena After Completing Land Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-lines-up-transit-oriented-multifamily-development-in-pasadena-after-completing-land-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Lines Up Transit-Oriented Multifamily Development in Pasadena After Completing Land Deal\" \/>\n<meta property=\"og:description\" content=\"A new multifamily development is set to take shape in Pasadena after international real estate firm Hines recently announced that it has acquired a patch of land on which it intends to develop a residential community. The company will develop a for-rent residential complex in a submarket that it has deemed one of the strongest for such projects in Southern California. Handling the development process will be Hines&rsquo; Multifamily Division, and entity created back in 2011 in order to better manage and develop the company&rsquo;s multifamily assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-lines-up-transit-oriented-multifamily-development-in-pasadena-after-completing-land-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-14T19:27:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T08:15:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/pasadena.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-lines-up-transit-oriented-multifamily-development-in-pasadena-after-completing-land-deal\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-lines-up-transit-oriented-multifamily-development-in-pasadena-after-completing-land-deal\/\",\"name\":\"Hines Lines Up Transit-Oriented Multifamily Development in Pasadena After Completing Land Deal - 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