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May 12, 2022

Howard Hughes Reports Strong Q1 After Dumping Unprofitable Chicago Office Tower

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Houston-based The Howard Hughes Corp. reported a profitable first-quarter 2022, citing strong residential sales from newcomers to cities like Houston and Las Vegas, as well as the sale of a Chicago office tower that racked up a $1.6M loss for the company last year.

Howard Hughes Reports Strong Q1 After Dumping Unprofitable Chicago Office Tower

All in all, Howard Hughes ended Q1 with a net income of $2.1M, compared to a loss for the same quarter in 2021, according to a Q1 earnings call. It's now reporting a net income of 4 cents a share, with $210.2M in Q1 revenue. Howard Hughes attributed a generous share…

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Russia-Ukraine War: As German War Machine Gears Up, Will CRE Seize The Rewards?

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Funded Like Finance, Scaling Like Tech: How Crypto Firms Are Handling The Office Search

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WeWork, which went public in October through a merger with a special-purpose acquisition company, said Thursday its quarterly loss narrowed sharply as membership sales increased and workers returned to the company's locations. During the first quarter of 2022, the company's net loss was $435M, or…

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