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Flush With Cash, Howard Hughes Cites Patience For Selling More Real Estate

Developer Has Started Behind-the-Scenes Work to Market New Chicago Skyscraper

By adding the current market value of the recently completed 55-story, 1.5 million-square-foot skyscraper at 110 N. Wacker Drive in Chicago to its balance sheet, Howard Hughes Corp. reported positive quarterly revenue. (CoStar)
By adding the current market value of the recently completed 55-story, 1.5 million-square-foot skyscraper at 110 N. Wacker Drive in Chicago to its balance sheet, Howard Hughes Corp. reported positive quarterly revenue. (CoStar)

Howard Hughes Corp., a Texas-based developer of master-planned communities, plans to complete its corporate restructuring by the end of the year with a new headquarters, new CEO and nearly $860 million in cash.

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