Today's court decision upheld the Appellate Court's ruling in favor of the project, and together with the State's extension of the recent 421-a tax exemption, has cleared all existing impediments to construction and unlocked tremendous value for Howard Hughes shareholders.
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HHH now expects "when-issued" trading of Seaport Entertainment common stock to begin on July 29, 2024, on NYSE American under the symbol "SEG WI." The "when-issued" trading market is a market for the yet-to-be-issued shares of Seaport Entertainment common stock that will be distributed to holders of HHH common stock on the Distribution Date. "Regular-way" trading of Seaport Entertainment common stock is expected to begin on NYSE American on August 1, 2024, under the symbol "SEG."
Howard Hughes Holdings announced today that its Board of Directors has authorized and declared a pro rata distribution of 100% of the outstanding shares of common stock of Seaport Entertainment Group Inc. ("Seaport Entertainment") to holders of record of HHH common stock as of the close of business on July 29, 2024 (the "Record Date"). The Distribution is expected to be payable after market close on July 31, 2024 (the "Distribution Date"). As a result of the Distribution, holders of HHH common stock will receive one share of Seaport Entertainment common stock for every nine shares of HHH common stock held at the close of business on the Record Date.
4 - Howard Hughes Holdings Inc. (0001981792) (Issuer)
4 - Howard Hughes Holdings Inc. (0001981792) (Issuer)
4 - Howard Hughes Holdings Inc. (0001981792) (Issuer)
THE WOODLANDS, Texas, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) announced today it will host its 2024 Investor Day on Monday, November 18 in Summerlin®, the company's award-winning master planned community in Las Vegas, Nevada. The event will include a presentation led by the HHH executive team which will be webcast live starting at 1:00 p.m. Pacific Time (4:00 p.m. Eastern Time). To listen to the live webcast, please visit the company's website. An on-demand replay of the webcast and corresponding presentation materials will also be available following the conclusion of the event. About Howard Hughes Holdings Inc.Howard Hughes Holdings Inc. owns, manages,
LAS VEGAS, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) today announced the appointment of real estate industry veteran Jose Bustamante as President of the Nevada Region, where he will lead the acclaimed 22,500-acre Howard Hughes community of Summerlin® in Las Vegas. Ranked one of the best places to live in the country, Summerlin is a top-selling community nationwide with nearly 127,000 residents and approximately 5,000 acres remaining to accommodate future growth. Mr. Bustamante will assume his leadership position at Summerlin beginning December 1, 2024. Mr. Bustamante brings two decades of experience and a strong track record of leading and growing high-per
Seaport Entertainment Group Inc. (NYSE:SEG) ("Seaport Entertainment Group," "SEG" or the "Company") announced today its operating and financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Completed the previously announced separation from predecessor parent company Howard Hughes Holdings Inc. (NYSE:HHH) ("Howard Hughes") on July 31, 2024 (the "Separation"), and is now an independent, standalone publicly traded company listed on the NYSE American under the ticker symbol "SEG". Reported a net loss of ($32.5) million, or ($5.89) per basic and diluted share attributable to common stockholders, compared with a net loss of ($736.2) million, or ($133.31) pe
LAS VEGAS, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) today announced the appointment of real estate industry veteran Jose Bustamante as President of the Nevada Region, where he will lead the acclaimed 22,500-acre Howard Hughes community of Summerlin® in Las Vegas. Ranked one of the best places to live in the country, Summerlin is a top-selling community nationwide with nearly 127,000 residents and approximately 5,000 acres remaining to accommodate future growth. Mr. Bustamante will assume his leadership position at Summerlin beginning December 1, 2024. Mr. Bustamante brings two decades of experience and a strong track record of leading and growing high-per
PHOENIX, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) today announced that long-time Arizona real estate leader Charley Freericks has been appointed President of the Phoenix Region. Mr. Freericks will lead residential and commercial development, leasing, and operations of Teravalis™, the new 37,000-acre Howard Hughes community in the Phoenix West Valley. Floreo, the first residential village of Teravalis set to open in 2025, is currently under development to deliver the community's initial 5,000 homes. At full buildout, Teravalis is anticipated to provide 100,000 homes for 300,000 residents, along with 55 million square feet of commercial development to one of t
THE WOODLANDS, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) today announced that Bhupesh Arora has been named the company's Chief Technology Officer. Mr. Arora will oversee technology strategy, development, and operations across the company's national portfolio of large-scale master planned communities and mixed-use properties. Mr. Arora brings more than 20 years of experience as a senior IT leader with various Fortune 500 global manufacturing and industrial companies, playing a pivotal role in driving global technology strategy and digital transformation. He most recently served as the Vice President, Information Technology at Magellan Midstream Partner
Seaport Entertainment Group Inc. (NYSE:SEG) ("Seaport Entertainment Group," "SEG" or the "Company") announced today its operating and financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Completed the previously announced separation from predecessor parent company Howard Hughes Holdings Inc. (NYSE:HHH) ("Howard Hughes") on July 31, 2024 (the "Separation"), and is now an independent, standalone publicly traded company listed on the NYSE American under the ticker symbol "SEG". Reported a net loss of ($32.5) million, or ($5.89) per basic and diluted share attributable to common stockholders, compared with a net loss of ($736.2) million, or ($133.31) pe
THE WOODLANDS, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) (the "Company," "HHH," or "we") today announced operating results for the third quarter ended September 30, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results. Third Quarter 2024 Highlights: Net income from continuing operations per diluted share of $1.95 compared to $0.64 in the prior-yearMaster Planned Community (MPC) EBT of $145 million sets a new quarterly record—driven by a 184% year-over-year incre
THE WOODLANDS, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE:HHH) ("the Company" or "Howard Hughes") announced today that the Company will release 2024 third quarter earnings on Monday, November 4, 2024, after the market closes and will hold its third quarter conference call on Tuesday, November 5, 2024, at 12:00 PM Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website prior to the conference call. Please visit the Howard Hughes website to listen to the earnings call via a live webcast. Listeners who wish to participate in the question and answer session may do so via telephone by pre-registering on HHH's
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10-Q - Howard Hughes Holdings Inc. (0001981792) (Filer)
8-K - Howard Hughes Holdings Inc. (0001981792) (Filer)
8-K - Howard Hughes Holdings Inc. (0001981792) (Filer)