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Howard Hughes names new CEO; SoftBank COO to become WeWork chairman

This feature presents a weekly rundown of recent significant management and board changes and personnel moves in the North American real estate industry, including U.S. real estate investment trusts and homebuilders.

C-suite changes

* Property developer Howard Hughes Corp. appointed Paul Layne as its new CEO. David Weinreb and Grant Herlitz will resign from their respective roles as CEO and president, while Layne will replace Weinreb on the company's board.

Board shuffle

* SoftBank Group Corp. COO Marcelo Claure will become executive chairman of coworking giant WeWork Cos. Inc. as part of the Japanese lender's recent funding deal for The We Co. unit. Former WeWork CEO Adam Neumann will become a board observer.

Other news

* St. Joe Co. said its Principal Accounting Officer Susan Mermer resigned, effective Oct. 17. The company designated Marek Bakun, its executive vice president and CFO, as principal accounting officer.

* Canada-based Granite REIT appointed former Prologis Inc. executive Jon Sorg as head of U.S.