Search
 

Hughes Corp. Sees Land Sales Increase

DALLAS-Howard Hughes Corporation reported that, during Q1 2013, master planned community land sales jumped 26.3% to $44.7 million, compared to $35.4 million during the same time last year.

By Amy Wolff Sorter | Updated on May 10, 2013

DALLAS-During Q1 2013, Howard Hughes Corp. reported a jump of 26.3% its master-planned community land sales over those generated during Q1 2012. Breaking it down to dollar figures, the company sold $44.7 million during the first three months of 2013, versus $35.4 million during Q1 2012.

The Summerlin Master Planned Community in Las Vegas led the charge when it came to homebuilder demand for residential land. Land sales there increased 297.2% to $28.2 million for Q1 2013 compared to the $7.1 million during Q1 2012 – and the $31 million recorded through all of 2012.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.