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    Rouse Co.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 831,917 23.6
    Net Income 16,433 --
    Rank Last Year: 29

    Description:
    Rouse is a national real estate developer, owner and manager of more than 250 hotels, office buildings and shopping centers across the United States. The company is best known for its development of Harborplace in Baltimore, Fanueil Hall in Boston and Columbia, a planned community in Howard County.

    Business Resume:
    • Contact Info --
      10275 Little Patuxent Pkwy.
      Columbia, Md. 21044
      410-992-6000
    • Main Business --
      Developer
    • Founded --
      1939
    • Chairperson --
      Anthony W. Deering (CEO)
    • President --
      Anthony W. Deering
    • Employees --
      4,287
    • D.C.-Area Employees --
      1,500
    Developments:
    Named for its founder James W. Rouse, who died last year, Rouse made its mark building idealistic and family-centered projects, but the company took a new turn last year by shifting its focus to Las Vegas. In June Rouse completed its acquisition of Las Vegas-based Hughes Corp., which includes four large business parks, a three-quarters stake in a Las Vegas shopping mall and a massive new master-planned community outside Las Vegas called Summerlin, for $520 million. The company's vast land holdings originally were assembled by billionaire Howard R. Hughes Jr.

    In the Washington area, the company this year will celebrate the 30th anniversary of Columbia, Rouse's master-planned community. The company has announced a major make over of the 26-year-old mall there, which will include a new Nordstrom department store. Rouse also plans to build a luxury condominium project and an apartment complex on the mall's periphery.

    The company has proposed other large projects in Laurel, Bowie and elsewhere in Howard County. The company also announced some shifts at the top in February. Former chairman Mathias J. DeVito, 66, became chairman emeritus and Anthony W. Deering, 52, took the reins as chairman of the board and chief executive.

    Copyright 1997 The Washington Post

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