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Howard Hughes Corp. to sell $2b in real estate assets following leadership changes
People - OCTOBER 22, 2019

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Howard Hughes Corp. to sell $2b in real estate assets following leadership changes

by Andrea Zander

The Howard Hughes Corp. (HHC) has announced a series of changes.

Paul Layne, President of HHC’s Central Region, has been named ceo, effective immediately.  Layne will replace David Weinreb on the board of directors.  Weinreb and Grant Herlitz will step down from the company.

Layne has more than 35 years of diverse real estate operating and development experience. Since 2012, he has been a senior executive at HHC, most recently serving as president, Central Region, which includes The Woodlands, The Woodlands Hills® and Bridgeland®.  During his eight-year tenure at Howard Hughes, Layne identified and led the development of more than $1.2 billion of office, retail, apartment, hotel and storage properties in The Woodlands. Prior to joining HHC, Layne was executive vice president at Brookfield Properties Corp., overseeing a 9.7 million square-foot portfolio in Houston’s CBD.

The company has also identified approximately $2 billion of non-core assets it expec

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