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Las Vegas Sun

Despite anticipated low rents, Howard Hughes Corp. expects to profit on the Shops at Summerlin

September 26, 2012

With Howard Hughes Corp. dusting off plans for the Shops at Summerlin, it might seem like a bit of a mystery as to how it can afford to build a massive retail complex in Las Vegas? battered real estate market. Simply put, the company obtained the center at such a discount, it can finish the project despite the likelihood of low rents from future tenants.

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