After exploring a sale or spinoff for months, Texas-based Howard Hughes Corporation has decided to change CEOs and refocus on its core business. But its effort to redevelop the South Street Seaport continues to weigh down the struggling developer, leaving the future of that project in doubt. In addition to replacing CEO David Weinreb with former Central Region President Paul Layne, Howard Hughes announced last week that it would sell about $2 billion of “non-core
source https://therealdeal.com/2019/10/29/as-howard-hughes-tries-to-right-ship-seaport-remains-an-albatross/
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