Seaport Entertainment Group Outlines Growth Strategy Amid Leadership Transition

Seaport Entertainment Group has undergone a leadership transition, with Matthew Morris Partridge taking over as the new CEO. Partridge, who has worked closely with interim CFO Lina Eliwat since the company's separation from Howard Hughes, is excited about the future and the opportunity to lead the company.

Eliwat has done an exceptional job stepping into the interim CFO role over the past few months, and Partridge expects her to continue in this role as they finalize 2026 budgets and work towards the new year. The company's focus will be on refining its priorities and stabilizing its operating models, including a continuous reassessment of its existing businesses and organizational structure to improve efficiency and drive positive operating income.

Partridge also emphasized the importance of financial discipline and thoughtful capital deployment. With the company's existing cash on the balance sheet and expected additional cash from the sale of 250 Water Street, Seaport Entertainment Group plans to allocate capital in a way that positions the company to deliver long-term value. This strategy will include further reinvestment into its existing assets to fill vacancies, improve space utilization, and drive customer visitation and engagement. The company also plans to be opportunistic in seeking new growth opportunities that leverage its existing partnerships and real estate-driven hospitality and entertainment platforms.