Press Releases

Net loss attributable to common stockholders totaled $(4.6) million for fourth quarter and $(69.4) million for full year 2010. Impairment charges totaled $503.4 million for full year 2010. Separation from General Growth Properties, Inc. (“GGP”) completed November 9, 2010. The Howard Hughes Corporation raised $267 million from the issuance of common equity and warrants during fourth quarter 2010. New Executive Management Team appointed. The Company entered into agreements with Richmond American Homes of Nevada, Inc. and Pulte Homes of Nevada for the sale of lots in Summerlin for purchase prices of $22.2 million and $23 million, respectively.