Howard Hughes Rises to Record on Development Optimism
This article is for subscribers only.
Howard Hughes Corp., the property developer whose chairman is hedge fund manager Bill Ackman, rose to a record on investor optimism over the company’s U.S. real estate projects.
Howard Hughes’s One Ala Moana development in Honolulu sold out 206 luxury condominiums in 29 hours, the Dallas-based company said today in an investor presentation that was included in a regulatory filing. Chief Executive Officer David Weinreb made the presentation at the Harbor Investment Conference in New York. The event is co-chaired by Ackman, the founder of Pershing Square Capital Management LP.