Hines’ Ray Lawler on scarcity, precision and execution in the midyear outlook

Chase McWhorter, managing director, Americas, at Institutional Real Estate, Inc., talks with Ray Lawler, managing partner, head of Americas at Hines, about the firm’s midyear outlook, including why execution rather than falling rates will drive returns this cycle, why living remains Hines’ top conviction as new supply dries up, how power and local permitting are shaping data center delivery, and why experiential retail and office-to-residential conversions both require asset-by-asset precision. (10/2026)