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Howard Hughes gets five-year $250 million loan to redevelop district
By Wendy Van Sickle
Columbus, Ohio, July 1 – Howard Hughes Corp. recently closed on a five-year $250 million term loan to be used for the redevelopment of the South Street Seaport District in New York City, according to a news release from Civitas Capital Group.
The loan is being provided by a consortium of Korean financial institutions administered by Civitas Alternative Investments.
Based in Dallas, Howard Hughes owns, manages and develops commercial, residential and mixed-use real estate throughout the United States.
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