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Ward Centers’ new owner names top executives

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The Howard Hughes Corp. — a newly formed company which owns Ward Centers in Kakaako — has named its top executives.

The Dallas-based Hughes Corp. named David Weinreb, owner and chief executive officer of Dallas-based TPMC Realty Corp., as CEO. Grant Herlitz, TPMC’s president, is now Hughes Corp. president.

Hughes Corp. was spun off earlier this month from Chicago-based mall owner General Growth Properties. In addition to Wards Centers, the Hughes Corp. owns the rights to build a residential tower at Ala Moana Center and a portfolio of development property around the country formerly held by General Growth.

TPMC specializes in the acquisition and repositioning of underperforming real estate. Weinreb and Herlitz had worked for Hughes Corp. on a contract basis since August. Their executive appointments are effective today.

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