Rick Sperber and Susan Holland Join the Howard Hughes Corporation as Part of Growing Team for Downtown Summerlin

Regional Retail Destination Hires Top Industry Professionals

The Howard Hughes Corporation hired Rick Sperber and Susan Holland as Senior Operations Manager and Specialty Leasing Manager for Downtown Summerlin.

Rick Sperber and Susan Holland

LAS VEGAS – The Howard Hughes Corporation (NYSE:HHC) announced the hiring of Rick Sperber and Susan Holland as Senior Operations Manager and Specialty Leasing Manager respectively for Downtown Summerlin. Sperber and Holland join the new leadership team responsible for opening the 106-acre, 1.6 million-square-foot development,which represents the first phase for the future Downtown Summerlin. When open later this year, the shopping, dining and entertainment venue will feature more than 125 stores and restaurants in a streetscape environment located in the heart of the Summerlin master planned community.
In his role as Senior Operations Manager, Sperber will oversee security, housekeeping, maintenance, valet, landscaping and other areas of Downtown Summerlin. Sperber has nearly 30 years of shopping center experience, including serving as the Senior Operation Manager at Westfield Topanga, General Growth’s Fashion Show Shopping Center and Simon’s Forum Shops at Caesars. He willreport directly to Andrew Ciarrocchi, Senior General Manager. He graduated with an associate’s degree from Santa Monica College.

Holland brings 15 years of retail marketing and specialty leasing experience to the team. In her role as Specialty Leasing Manager of Downtown Summerlin, Holland is responsible for managing all common area and short-term leasing initiatives. Her mission is to deliver a program that complements the permanent leasing merchandising plan for the retail project while focusing on new business development, events, sponsorships, advertising and other alternative revenue strategies. Prior to joining Downtown Summerlin, Holland spent seven years as the Specialty Leasing Manager for Town Square Las Vegas, with both Turnberry and Forest City. Additional experience includes positions at General Growth Properties and The Rouse Company. Holland graduated with a bachelor’s degree in business administration and marketing from the University of Illinois and is a member of the International Council of Shopping Centers (ICSC).

About Downtown Summerlin

Downtown Summerlin is part of a planned urban center, which will serve the entire Las Vegas Valley. When complete, it will include retail, entertainment, office, hotel and multi-family residential, all designed to create a vibrant, walkable urban core within the 22,500-acre master planned community of Summerlin. Construction began in the middle of 2013 on the expansive,106-acre,1.6 million-square-foot Downtown Summerlin, which represents the first phase in the future downtown. When complete, Downtown Summerlin will feature more than 125 stores and restaurants in a streetscape shopping environment with pedestrian thoroughfares and dynamic store fronts in the center of the award-winning Summerlin master planned community. Located just east of the 215 Beltway, between Sahara Avenue and Charleston Boulevard,the development will also include a nine-story office building and will open in late 2014. Additional information can be found on the website at www.downtownsummerlin.com or on Facebook and Twitter.

About The Howard Hughes Corporation®

The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com.

Safe Harbor Statement

Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize”, “plan,” “intend,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

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