Howard Hughes Corp. owner’s profit increases

Monday, Nov. 20, 2000 | 11:29 a.m.

COLUMBIA, Md. -- The Rouse Co., the largest real estate developer in Las Vegas, reported a third quarter profit of $74.1 million or 96 cents per share, up from $26.7 million or 32 cents in the year-ago quarter.

In Las Vegas, Rouse owns the Howard Hughes Corp., developer of the Summerlin master planned community and owner of several office, warehouse and industrial parks. Rouse also owns the Fashion Show mall on the Las Vegas Strip and plans to build another regional mall in Summerlin. Rouse said all of its operating lines of business had "excellent performance" in the third quarter.

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