Real estate developer: Howard Hughes Corporation (HHC)

The Howard Hughes Corporation (NYSE: HHC) was spun off from General Growth Properties (GGP ) in 2010. It is headquartered in Dallas, Texas, and has 1,000 full-time employees. It is a company engaged in community master planning and mixed use in the United States. Companies that develop and operate other real estate properties.

The Howard Hughes Corporation Logo

The Howard Hughes Corporation (HHC):

The Howard Hughes Corporation is mainly divided into 3 departments to operate: master planning community, operating assets and strategic development.

  1. Master planning community department: development and sale of residential and commercial land. Residential land for sale is designated detached and connected single and multi-family residences, ranging from entry-level to luxury residences to house builders; commercial land is designated for sale , Office, vacation, service and other profit-making activities, and designated for use by the government, schools and other non-profit organizations. The department owns 5 master planned communities with approximately 13,000 acres of land.
  2. Operating assets department: Owns retail and office properties, multi-unit apartment buildings, a resort and conference center, a 36-hole golf course and country club, and other operating assets and investments.
  3. Strategic Development Department: Including short, medium and long-term real estate development projects. Real estate investment opportunities in this sector include mixed-use commercial development, retail parts, office buildings, multi-family projects, shopping mall development projects, reconstruction projects and other property interests.

The Howard Hughes Corporation (HHC) history:

  • In 1913, Walter Sharp and Howard Hughes, Sr. founded Sharp-Hughes Tool Company;
  • In 1972, The Howard Hughes Corporation, a subsidiary of Hughes Tool Company, was established and landed on the New York Stock Exchange, adopting the name of Hughes Tool, and the remaining business was renamed Summa Corporation;
  • In 1976, Howard Hughes, Sr. died at the age of 70;
  • In 1994, Summa changed its name to The Howard Hughes Corporation and shifted its business focus to real estate;
  • In 2010, it was divested from General Growth Properties (GGP).
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