Howard Hughes Corporation spin-off from GGP (2010)
General Growth Properties emerged from Chapter 11 bankruptcy and spun off its master-planned communities into a new company, The Howard Hughes Corporation. The spin-off was completed on November 9, 2010.
The new company took ownership of Summerlin and other master-planned communities.
The company became one of the largest master-planned community developers in the US.
This is how the applicant came to own the Summerlin land.
