The Howard Hughes Corporation announced that Western Midstream Partners, LP has signed a 133,948-square-foot lease for the top five floors of 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway.
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With net proceeds of $64 million, the sale marks a gain of $52 million on a cash basis and is expected to result in a gain of approximately $39 million on a GAAP basis.
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The $565 million transaction with Occidental also includes the acquisition of 9.3 acres of land, and Occidental's Century Park campus in the West Houston Energy Corridor—a 63-acre, 1.3-million-square-foot campus with 17 office buildings.
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The Howard Hughes Corporation plans to develop its second apartment property in Creekside Park Village Center in The Woodlands, located in the greater Houston area. The 360-unit Craftsman-style complex will consist of six buildings with four-story urban designs.
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The Howard Hughes Corporation joined partners and Chicago community leaders to celebrate yet another milestone in the city’s decade-long construction boom. The 55-story, Class A+ office tower, 110 North Wacker Drive, is 69% leased and set to open in fall 2020.
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The Howard Hughes Corporation joined the city of Las Vegas in celebrating the 2019 year-end awards from ballparkdigest.com, with Las Vegas Ballpark named "Ballpark of the Year" and the Las Vegas Aviators named "Team of the Year", the first-ever time both awards have been designated to a city.
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The Howard Hughes Corporation held a ceremonial groundbreaking on the sixth mixed-use tower at its Ward Village master planned community in Honolulu.
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The area is quickly becoming one of the most vibrant in New York, with the biggest names in food and retail racing to set up shop.
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