Search
 

Hillwood Adjusts Plan to Weather Downturn

FORT WORTH-As the watchdog for a $33-billion economic engine, Hillwood adds some new strategies and retreats on construction to strengthen its position until the nation rebounds.

By Connie Gore | Updated on November 04, 2008

[IMGCAP(1)]FORT WORTH-Hillwood Properties is betting its diversification of available commercial space on the ground will carry it through the long wait for the nation’s economic recovery. The locally based firm, responsible for a $33-billion economic engine in the region, is adding some new stories to its line-up to further strengthen its position.

Michael Berry, president of Hillwood Properties, said the firm’s eight-member property management staff is being marketed for third-party assignments to Hillwood’s 200-employer base at AllianceTexas as one of the changing stories. The group presently oversees 12 million square feet for Hillwood and one corporate user, Bell Helicopter Inc. “We’re looking at how to do it for other people,” Berry told GlobeSt.com. “It makes sense. Why not look at it.”

Berry was the keynote speaker at yesterday’s monthly luncheon meeting of BOMA Fort Worth, where he brought more than 100 members up to date on Hillwood’s strategy for weathering the economic storm. Hillwood recently has completed $160 million of office, industrial, retail and apartment construction at AllianceTexas, according to Berry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.