NEW YORK CITY-The Howard Hughes Corp., formally spun off fromGeneral Growth Properties two weeks ago, has named David R. Weinrebas CEO and Grant Herlitz as president. Both men have been workingfor the company on a contract basis since August 2010.

In a statement, board chairman Willaim Ackman says Weinreb’shire was based on his “proven track record” and his performance onan interim basis. “David assembled an exceptional team of realestate professionals who quickly evaluated our assets and preparedthe company to emerge as an independent entity,” Ackman says. Headds that Weinberg and Herlitz comprise “an entrepreneurialleadership team that is tailor made for our needs. Bringing them onboard gives us the benefit of their knowledge of our portfolio andallows the company to focus on maximizing the value of its assetsfor the benefit of our shareholders.”

Both Weinreb and Herlitz come to Howard Hughes from Dallas-basedinvestment firm TPMC Realty Corp. Weinreb specialized in acquiringand repositioning underperforming real estate assets during his 17years as TPMC’s CEO, while Herlitz has served as CFO and morerecently as president during a decade-long tenure.