The Howard Hughes Corporation (NYSE: HHC) is a major real estate development and management company based in Dallas, Texas, which was founded by Howard Hughes. Later sold to the Rouse Company, it became a separate company again in 2010, as a spinoff of General Growth Properties (GGP).
Upon exiting bankruptcy, GGP spun off The Howard Hughes Corporation as a public company on November 9, 2010. GGP stockholders received 0.098344 shares of The Howard Hughes Corporation common stock for every 1 share of GGP common stock held. At that point, HHC assumed ownership of all of the GGPs planned developments, including one of the country's original master planned communities of Columbia, Maryland, The Woodlands, Texas and The Shops at Summerlin Centre.
Read more about The Howard Hughes Corporation: Hotels and Casinos Formerly Owned By Summa, Development Projects
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