Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
BROOKFIELD ASSET MANAGEMENT INC.
  2. Issuer Name and Ticker or Trading Symbol
Howard Hughes Corp [HHC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Director by deputization ***
(Last)
(First)
(Middle)
BROOKFIELD PLACE, SUITE 300,, 181 BAY STREET, P.O. BOX 762
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2010
(Street)

TORONTO, ONTARIO,  M5J 2T3
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $0.01 per share 11/09/2010   A   789,145 A $ 47.619 789,145 I see footnote (1) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   541,513 A $ 47.619 541,513 I see footnote (2) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   621,147 A $ 47.619 621,147 I see footnote (3) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   71,816 A $ 47.619 71,816 I see footnote (4) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   143,342 A $ 47.619 143,342 I see footnote (5) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   48,023 A $ 47.619 48,023 I see footnote (6) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   48,023 A $ 47.619 48,023 I see footnote (7) (9) (10)
Common Stock, Par Value $0.01 per share 11/09/2010   A   161,609 A $ 47.619 161,609 I see footnote (8) (9)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   1,247,643   11/09/2010 11/09/2017 Common Stock 1,247,643 (11) 1,247,643 I see footnote (1) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   856,134   11/09/2010 11/09/2017 Common Stock 856,134 (11) 856,134 I see footnote (2) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   982,036   11/09/2010 11/09/2017 Common Stock 982,036 (11) 982,036 I see footnote (3) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   113,541   11/09/2010 11/09/2017 Common Stock 113,541 (11) 113,541 I see footnote (4) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   226,625   11/09/2010 11/09/2017 Common Stock 226,625 (11) 226,625 I see footnote (5) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   75,924   11/09/2010 11/09/2017 Common Stock 75,924 (11) 75,924 I see footnote (6) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   75,924   11/09/2010 11/09/2017 Common Stock 75,924 (11) 75,924 I see footnote (7) (9) (10)
Warrants to acquire Common Stock (11) $ 50 11/09/2010   A   255,506   11/09/2010 11/09/2017 Common Stock 255,506 (11) 255,506 I see footnote (8) (9)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BROOKFIELD ASSET MANAGEMENT INC.
BROOKFIELD PLACE, SUITE 300,
181 BAY STREET, P.O. BOX 762
TORONTO, ONTARIO M5J 2T3
  X   X   Director by deputization ***
Brookfield Retail Split LP
THREE WORLD FINANCIAL CENTER,
200 VESEY STREET,
NEW YORK, NY 10281
  X   X   Director by deputization ***
Brookfield US Holdings Inc.
THREE WORLD FINANCIAL CENTER,
200 VESEY STREET,
NEW YORK, NY 10281
  X   X   Director by deputization ***
Brookfield US Corp
THREE WORLD FINANCIAL CENTER,
200 VESEY STREET,
NEW YORK, NY 10281
  X   X   Director by deputization ***
Brookfield REP GP Inc.
THREE WORLD FINANCIAL CENTER,
200 VESEY STREET,
NEW YORK, NY 10281
  X   X   Director by deputization ***

Signatures

 /s/ Joe Freedman, Senior Managing Partner and Counsel of Brookfield Asset Management Inc.   11/12/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Exhibit 99.1; Note 1.
(2) See Exhibit 99.1; Note 2.
(3) See Exhibit 99.1; Note 3.
(4) See Exhibit 99.1; Note 4.
(5) See Exhibit 99.1; Note 5.
(6) See Exhibit 99.1; Note 6.
(7) See Exhibit 99.1; Note 7.
(8) See Exhibit 99.1; Note 8.
(9) See Exhibit 99.1; Note 9.
(10) See Exhibit 99.1; Note 10.
(11) See Exhibit 99.1; Note 11.
 
Remarks:
*** David Arthur, a Managing Partner of Brookfield Asset Management Inc., a corporation formed under the laws of the Province
 of Ontario ("BAM"), was appointed to the board of directors of the Issuer as a representative of each of BAM, Trilon Bancorp
 Inc., a corporation formed under the laws of the Province of Ontario, Brookfield Private Funds Holdings Inc., a corporation
 formed under the laws of the Province of Ontario, Brookfield Asset Management Private Institutional Capital Adviser (Canada)
 LP, a limited partnership formed under the laws of the Province of Manitoba, Brookfield US Holdings Inc., a corporation
 formed under the laws of the Province of Ontario ("BUSH"), Brookfield US Corporation, a Delaware corporation ("BUSC"),
 Brookfield REP GP Inc., a Delaware corporation ("BRGP"), Brookfield Retail Split LP, a Delaware limited partnership ("BRS")
 and Brookfield Retail Holdings LLC (formerly REP Investments LLC), a Delaware limited liability company ("BRH"). Each of
 BAM, BUSH, BUSC, BRGP and BRS (each, a "Reporting Person") is a "director by designation" solely for purposes of Section 16
 of the Securities Exchange Act of 1934.

Exhibit List:
Exhibit 99.1 - Explanation of Responses
Exhibit 99.2 - Joint Filer Information
Exhibit 99.3 - Joint Filers' Signatures

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