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Tag Archives: Midway

With Renovations Underway, GreenStreet Refinanced with $140 Million Loan

HOUSTON – (Realty News Report) – JLL has arranged a $140 million refinancing of GreenStreet, a 617,000-SF mixed use development in downtown Houston. JLL worked on behalf of the borrowers, Lionstone Investments and Midway to secure the loan, which was provided by Blackstone Real Estate Debt Strategies. GreenStreet, covering four blocks near the intersection of Fannin and Lamar, is undergoing ... Read More »

Next Gen Mixed-Use Development – Keeping it Fresh

AUSTIN – (Realty News Report) – Mixed use real estate developments, while extremely popular today, can’t be built just anywhere and must follow certain criteria, according to Jonathan Brinsden, chief executive officer of Houston-based Midway a privately-owned, fully integrated real estate development and investment firm. Brinsden spoke from experience – Midway boasts nine mixed use projects in Houston that have been completed, under construction or on ... Read More »

The Future of the Energy Corridor: Q&A with David Hightower

HOUSTON – (Realty News Report) – Houston is the world’s energy capital and a seven-mile stretch of Interstate 10 has been the city’s Energy Corridor for decades. Located on the west side between Beltway 8 and the Grand Parkway, the Energy Corridor currently is home to some 300 multi-national, national and local companies including BP America, ConocoPhillips, and Shell Oil ... Read More »

Co-Working Firm Leases Space in Midway’s Kirby Grove

HOUSTON – Spaces, an Amsterdam-based creative workspace company, has leased 25,000 SF in Midway’s Kirby Grove development for its first co-working location in Houston. Spaces describes its locations as “a creative working environment for the corporate shaker, freelancer, energetic entrepreneur, international worker, mobile worker, start-ups and well-established companies.” Expected to open in Spring 2018, Spaces will occupy the entire sixth ... Read More »

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 »

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