Post by Hines

It’s easy to feel nostalgic when you’re walking through the lobby of Pennzoil Place. When it opened in 1975, it was hailed as the “building of the decade.” But macro factors have given real estate investors plenty of other reasons to think back to the 70’s. Geopolitical tensions have elevated the risk of energy-driven inflation shocks and central banks face pressure to balance inflation control against financial stability and growth concerns. Buildings like Pennzoil Place speak to the fact that Hines has been here before. Read our analysis of the implications for pricing and returns if rates repeat a path like the one they took in the 70’s: https://lnkd.in/eMn_H5Hx