The Howard Hughes Corporation Promotes Nicholas D. Vanderboom to Senior Vice President of Development

  The Howard Hughes Corporation Promotes Nicholas D. Vanderboom to Senior Vice
  President of Development

              Executive to Lead Strategic Development in Hawai‘i

Business Wire

DALLAS -- February 7, 2013

The Howard Hughes Corporation (NYSE: HHC) today announced the promotion of
Nicholas (Nick) D. Vanderboom to Senior Vice President of Development, based
in Honolulu, HI. In this role, Vanderboom and his team will continue to focus
on key strategic developments in Hawai‘i, including the recently announced
luxury condominiums, ONE Ala Moana, and the transformation of 60-acre Ward
Centers to Ward Village. Vanderboom continues to report to Christopher Curry,
Senior Executive Vice President of Development for the company. He joins Dave
Striph, Senior Vice President, as part of the leadership team in Hawai‘i.

Nick Vanderboom, Senior Vice President of Development (Photo: Business Wire)

Nick Vanderboom, Senior Vice President of Development (Photo: Business Wire)

Vanderboom most recently served as Vice President of Development. Prior to
joining the company in 2010, Vanderboom served as Vice President of
Development for TPMC California. He worked as an independent real estate
consultant, where he spent the majority of his time working for Forest City
Enterprises on mixed use development projects in California, Nevada, Texas and
Hawai‘i. He also worked at Allan D. Kotin & Associates, a Los Angeles-based
real estate consulting firm specializing in public private-joint ventures.

Vanderboom earned a Master of Real Estate Development in 2007 from the
University of Southern California and received his undergraduate degree in
Business from USC in 2006. He was also a tight end on USC’s football team,
winning two national championships and five Pac-10 championships.

“Nick epitomizes the vision, leadership and dedication we seek within our
development team,” said David R. Weinreb, Chief Executive Officer of The
Howard Hughes Corporation. “His impact within our organization is already
apparent given his passion and drive; we know he will continue to create and
execute a compelling vision for our developments and build strong alliances
for The Howard Hughes Corporation in Hawai‘i.”

The Howard Hughes Corporation currently owns three properties in Hawai‘i: ONE
Ala Moana, Ward Centers and ranch land in Maui. ONE Ala Moana is a world class
development of luxury condominiums above the Nordstrom parking structure at
Ala Moana Center. In a joint venture with The MacNaughton Group and Kobayashi
Group, the partnership recently began sales of the 23-story tower, which
offers an ultra-luxury lifestyle to local and international residents. Ward
Centers is a collection of retail and commercial properties centrally located
between downtown Honolulu and Waikiki. In October 2012, the company - the
largest private land owner in the Kaka‘ako district - unveiled a vision for
Ward Village. The 9.3 million square-foot, mixed-use development will reshape
the area into a dynamic, urban master planned community, with more than 4,000
residential units and over one million square feet of upscale retail and other
commercial space.

About The Howard Hughes Corporation

The Howard Hughes Corporation owns, manages and develops commercial,
residential and mixed-use real estate throughout the U.S. Our properties
include master planned communities, operating properties, development
opportunities and other unique assets spanning 18 states from New York to
Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock
Exchange as HHC and is headquartered in Dallas, TX. For additional information
about HHC, visit

Safe Harbor Statement

Statements made in this press release that are not historical facts, including
statements accompanied by words such as “will,” “believe,” “expect,”
“enables,” “realize,” “plan,” “intend,” “transform” and other words of similar
expression, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based on
management’s expectations, estimates, assumptions and projections as of the
date of this release and are not guarantees of future performance. Actual
results may differ materially from those expressed or implied in these
statements. Factors that could cause actual results to differ materially are
set forth as risk factors in The Howard Hughes Corporation’s filings with the
Securities and Exchange Commission, including its Quarterly and Annual
Reports. The Howard Hughes Corporation cautions you not to place undue
reliance on the forward-looking statements contained in this release. The
Howard Hughes Corporation does not undertake any obligation to publicly update
or revise any forward-looking statements to reflect future events, information
or circumstances that arise after the date of this release.

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The Howard Hughes Corporation
Caryn Kboudi, 214-741-7744
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