Welcome to our dedicated page for Howard Hughes Corporation (The) news (Ticker: HHC), a resource for investors and traders seeking the latest updates and insights on Howard Hughes Corporation (The) stock.
The Howard Hughes Corporation (NYSE: HHC) serves as your definitive source for updates on one of America's most innovative real estate developers. This curated news hub delivers essential information about strategic developments, financial disclosures, and community initiatives across HHC's national portfolio of master planned communities and commercial properties.
Investors and industry observers will find timely updates on quarterly earnings, asset performance metrics, and major milestones like the recent creation of Howard Hughes Holdings Inc. (NYSE: HHH). Our coverage spans key operational areas including New York's Seaport district, Texas master communities, and Hawaii's Ward Village projects.
Discover verified reports on:
• Financial results and SEC filings
• Commercial/residential development launches
• Strategic partnerships and land acquisitions
• Sustainability initiatives and community programs
Bookmark this page for unfiltered access to HHC's official communications and market-moving updates. For comprehensive analysis of the company's nationwide impact on urban development, return regularly as we track their progress in transforming real estate landscapes.
Ward Village® broke ground on its ninth residential tower, Ulana, which will provide workforce housing for 697 qualified Hawaiʻi residents and increase open green space in Honolulu. The project is 96% pre-sold as of September 30, 2022, and is expected to generate over $100 million in shared equity proceeds to support affordable housing initiatives. Designed to include modern residences and community amenities, Ulana reinforces the commitment to enhancing homeownership opportunities and community connectivity.
Pershing Square Capital Management announced the results of its cash tender offer for shares of The Howard Hughes Corporation (NYSE: HHC), which closed on November 28, 2022. The firm will purchase 1,559,205 common shares at $70.00 each, totaling approximately $109.1 million. Following this acquisition, Pershing Square and its affiliates will hold around 30.4% of HHC's outstanding shares as of October 26, 2022. This strategic move enhances Pershing Square's stake in HHC, indicating its ongoing confidence in the company's future prospects.
Pershing Square Capital Management has announced preliminary results from its cash tender offer to buy up to 6,340,000 Common Shares of The Howard Hughes Corporation (HHC). The offer expired on November 28, 2022, with 1,559,205 shares validly tendered. Accepting these shares at a price of $70.00 each represents approximately 3.1% of HHC’s outstanding shares as of October 26, 2022. A final count will be confirmed after the guaranteed delivery period. Payment for accepted shares will occur promptly thereafter.
The Howard Hughes Corporation (NYSE: HHC) appointed Dr. Hope VonBorkenhagen as Chief People Officer effective October 27, 2022. Dr. VonBorkenhagen, with nearly 20 years of executive HR experience, will oversee human resources strategy and operations across the company's master planned communities. Previously, she was Vice President of HR at Lennox International. CEO David R. O'Reilly expressed confidence in Dr. VonBorkenhagen’s data-driven, people-centric approach, emphasizing the importance of employee experience in shaping the future of work.
Pershing Square Capital Management has increased the cash tender offer price range for acquiring shares of The Howard Hughes Corporation (NYSE: HHC) to between $61.00 and $70.00 per common share. This range reflects a 28% premium over the last closing price prior to the announcement on
The Howard Hughes Corporation (HHC) reported solid third quarter results for 2022, with net income rising to $108.1 million from $4.1 million year-over-year, translating to $2.19 per diluted share. The Master Planned Community (MPC) segment saw earnings before taxes of $75.4 million, a 39% increase driven by strong land sales in Bridgeland. Ward Village condo sales contributed significantly with revenues of $413 million from 398 units. However, new home sales fell 48% amid rising mortgage rates. The company anticipates continued strong demand but projects a 10%-17% decline in MPC EBT compared to 2021.
The Howard Hughes Corporation (NYSE: HHC) has officially begun construction on Teravalis, a 37,000-acre master planned community in the Phoenix West Valley. This project aims to provide housing for the increasing demand in one of the fastest-growing metro areas in the U.S., with plans for 100,000 homes and 55 million square feet of commercial space. Governor Doug Ducey highlighted Arizona's population growth of over 584,000 since 2015 as a driving factor. The community is designed to enhance sustainability and will benefit from future construction of Interstate 11, expected to generate significant economic impact.
The Howard Hughes Corporation (NYSE: HHC) has unveiled plans for the Village Green at Bridgeland Central, a 23-acre commercial hub in Northwest Houston within the Bridgeland master-planned community. This development will feature a 100,000-square-foot H-E-B grocery store and the first mass timber office building in Greater Houston, promoting sustainability with a design expected to reduce energy usage by 25% and municipal water consumption by 98%. Construction begins in early 2023, aiming for completion in 2024, serving nearly 70,000 future residents.
The Howard Hughes Corporation announced the groundbreaking of The Park Ward Village, its eighth residential tower in Honolulu, on October 20, 2022. This project will add 546 new homes and expand Victoria Ward Park by nearly 50%, enhancing community amenities. As of mid-2022, 90.6% of the units were pre-sold, demonstrating strong demand. The development emphasizes a modern island lifestyle with numerous amenities, including retail space and improved pedestrian access.
