| Houston-based Midway, the developer behind East River and CityCentre, is taking its expertise in developing transformational mixed-use projects to a broader platform as the result of a new partnership with Orlando, Fla-based Parkway Property Investments. In Houston, Parkway operates Greenway Plaza, CityWest Place in Westchase and Post Oak Central in Uptown. The two real estate heavyweights are joining forces to form a new company called Parkway Ventures to undertake future operations and development work for both firms across the Sun Belt. The deal is not a merger, but combines the services platforms and teams into one firm headquartered in Houston. The combined company positions Midway to expand across the South because of Parkway's existing footprint there and enables Parkway to upgrade and reposition some of its existing office properties with mixed-use, multifamily and retail elements, writes real estate reporter Marissa Luck. Led by co-CEOs from both firms, the new company will own, operate or have under development 45 million square feet in Texas, Florida, Georgia, Virginia, Arizona, Colorado and California. | 
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