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The Comeback in Houston Real Estate Investment: Q&A with Robert Williamson of Midway

HOUSTON – As the price of oil plunged to the lowest level in years, investor interest in Houston plunged right along with it. By early 2016, oil had fallen below $30 a barrel, down from a high of $107 in the summer of 2014. A few vulture funds ventured forth during the free fall, seeking bargains in the world’s energy capital, but when these funds ... Read More »

Midway/Valencia Opening The George Hotel Near Texas A&M University

COLLEGE STATION, Texas – The George, a 162-room hotel developed by Midway and Valencia Group, will open in August near the Texas A&M University campus. The hotel’s name is taken from notable “Georges” such as President George H.W. Bush and George Mitchell, the developer of The Woodlands. The hotel is part of Midway’s Century Square, a 60-acre destination by Midway ... Read More »

Work Redefined: The Creative Office Space of the Future

HOUSTON – (By Michelle Leigh Smith) – Alchemy and amenity-rich environments were showcased by four heavy hitters in the design/development world at GreenStreet – the mixed-use project developed by Midway Cos. in downtown Houston. Midway’s CEO Jonathan Brinsden welcomed John Lewis of WeWork, Dean Strombom, a principal of the Gensler architecture firm, and Mark Motonaga, a principal with Rios Clementi ... Read More »

Midway’s New Five CityCentre Office Tower Gains Tenants

HOUSTON – Colvill Office Properties has secured two new tenants for CityCentre Five, a new office building developed in west Houston by Midway. The two signed deals brings the Class A tower to 77 percent occupied. The 15-story, 227,000-SF office building is the fifth office building in Midway’s CityCentre mixed-use complex, which has retail, multifamily, restaurants and hotel space. Midway’s ... Read More »

Historic Peak: Full Floor Leased at the Top of Art Deco Tower (Former HQ of Gulf Oil and Texaco)

HOUSTON – Colvill Office Properties has closed on a 4,000-SF office lease to The Mitchell Group at The Jones on Main, a rebranded historic office project in downtown Houston. The historic Art Deco project was once the headquarters of Gulf Oil Co. many years ago. The Mitchell Group leased the entire 31st floor in the project, which has small floor ... Read More »

Hotel Alessandra Construction Reaches Topping Out Milestone

HOUSTON – Midway Cos. announced that Hotel Alessandra – a 223-room upscale hotel under construction in downtown Houston – has topped out. The 20-story hotel, developed in partnership in conjunction the Valencia Group, a Houston-based hotel firm, will be open in mid-2017. Hotel Alessandra is part of Midway’s GreenStreet mixed-use development, which covers three blocks in downtown Houston along Dallas ... Read More »

Valencia has Discovered a New Hotel Development Niche that Others May Soon Imitate

HOUSTON – Houston-based hospitality firm Valencia Group believes it has found a niche for further hotel expansion: college towns. The firm — which is building the luxury Hotel Alessandra Houston downtown in partnership with Midway — is positioning properties near universities such as Texas A&M, explains Valencia Executive Vice President John Keeling. “College Station is one of the strongest college ... Read More »

Houston Bucks Trend: RNR Special Report From the ULI Meeting in Philadelphia

(By Realty News Report) – PHILADELPHIA – Overall U.S. office vacancy rates are expected to decline to 12.6 percent this year and 12.3 percent next, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. Industrial/warehouse availability rates are predicted to inch up in 2017 and 2018, but remain below ... Read More »

Commercial Development Begins in Midway’s Memorial Green with Six Tenants Signed

HOUSTON – Midway, a Houston-based real estate development and investment firm, has signed six commercial tenants in Memorial Green, an upscale village of custom homes, shops and office space on Memorial Drive in west Houston. Memorial Green will feature 91 single-family luxury urban homes, a central green plaza and gated community parks, 50,000 square feet of Class-A office space with ... Read More »

Realty News Report Awards: Best Industrial Project of the Year

Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the smart professionals who are making them happen. Ralph Bivins’ Realty News Report ... Read More »

Realty News Report Award: Best Substitution of The Year

Ralph Bivins’ Realty News Report Awards – The Best of Houston 2015 Realty News Report editor Ralph Bivins has selected the most significant projects, deals and ideas of the Houston real estate market for 2015. These aren’t necessarily the largest or the first. But the deals point to future trends, potential gold mines, noble visions and notable accomplishments by the ... Read More »

CityCentre Beefs Up Retail Tenants

HOUSTON – Houston’s CityCentre district added several new retail tenants, lifting retail occupancy in the project to 90 percent. The leasing activity accounts for nearly 60,000 square feet. New retailers and restaurants include: Bowl & Barrel, H&M, Fellini Gelato & Caffé, Grimaldi’s Pizzeria and Madewell. CityCentre is a 6.4-acre mixed-use project near Interstate 10 and Beltway 8 in west Houston. ... Read More »

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