THE WOODLANDS (Houston Business Journal)
– Dallas-based The Howard Hughes Corp. will buy out the remaining interest in The
Woodlands for $117.5 million.
Morgan Stanley Real Estate Investing is selling the 47.5 percent that Howard
Hughes does not already own in the 28,000-acre master-planned
community.
Howard Hughes will now own all unsold property, which totals 1,372
acres and represents 4,532 residential lots and 936 acres of commercial
space.
