Transactions - MARCH 31, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Howard Hughes closes on $490m of loans

by Released

The Howard Hughes Corp. has closed on two loans totaling more than $490 million for projects in Hawaii and Texas.

A $356.8 million construction loan was secured at Ward Village for its sixth residential mixed-use development, Kō'ula, reflecting continued strong demand to live in the 60-acre master planned community in Oahu. In addition, a $137 million, five-year term loan was secured for 9950 Woodloch Forest Drive, one of two class A towers in The Woodlands, Texas, comprising the newly rebranded The Woodlands Towers at The Waterway.

“With nearly 75 percent of homes already pre-sold at Kō'ula, we continue to see strong momentum in the local market,” said Doug Johnstone, president, Hawaii, at The Howard Hughes Corp. “Today, approximately 90 percent of our homes — over 2,421 residential units — are sold across the six towers at Ward Village that are either delivered or under construction, producing total contracted sales revenue of approximately $2.7 bill

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.