Midway 2010 annual report

2010

“You can’t build a reputation on what you are going to do.”

LETTER TO OUR STAKEHOLDERS

“You can’t build a reputation on what you are going to do.”

-Henry Ford

Midway manages investments for over

150

partners.

Looking back, 2010 was a year of

seeking distressed and/or poorly

we were pleased to announce

market healing, and an opportunity

capitalized assets. In many respects,

that some of the most sought-after

for Midway Companies to see the

the market has acted rationally with

retailers have made the decision to

rewards of discipline, hard work and

respect to risk and reward; something

open at CITYCENTRE in 2011.

sound strategy.

that had been amiss during the tail end of the previous cycle.

As

By most measures, 2010 was better

Investing in lower risk assets should

manager, and investment manager,

than 2009, but “better than 2009”

yield a lower return, while investing

Midway’s depth and breadth of

doesn’t

a

in higher risk assets should reflect a

experience places us in a unique

year that sparked positive changes

yield premium. Unfortunately, the

position to see opportunities where

in mood and mind set. Renewed

capital markets, in an effort “not to

others see difficulty. This year, on

optimism, coupled with a sense of

be left behind,” didn’t differentiate

behalf of a financial client, we

the time, in some of the markets

forget those that are less fortunate.

way. We are blessed with a Team

a “floor”, helped markets continue

between the two.

added Harborwalk to our portfolio

in which we operate, to create

In 2010, we continued to support

that shares a core set of common

and believe our unique operating

high quality assets, poised to meet

community outreach through the

values and a culture of collaborative

Today, we manage investments for

approach has created significant

increasing demand. To this end, we

Midway Foundation and pro-bono

leadership. Those of us who remain

Although no one was immune to the

over 150 partners including pension

value for them in a short time.

are pleased to announce three new

development work. The Midway

committed to this work will continue

downward pressures of the market

funds,

endowments,

Through our commitment to long-

projects – CITYCENTRE Three, M59,

Foundation supported over forty

to find opportunities and have some

over the past two years, Midway’s

family trusts, and high net worth

term ownership of high quality assets,

and 1111 Austin Highway.

organizations, many with hands-

fun! We look forward to working

steadfast commitment to be the best

individuals. We believe our long-

we have developed a portfolio

on participation, sharing time and

with you. Together, we are striving

owner and developer of quality real

term investment approach is the

of companies and resources to

We also continue to honor the

talent. Additionally, we launched

to be the best at what we do and

estate assets in the markets in which

right investment strategy.

enhance value throughout an asset’s

memory of our founder, Jim Moran.

a consumer product inspired by

to create sustainable value for our

lifecycle. Each asset is viewed as

His values remain at the core of

the need to create sustainable

investors,

charitable income.

members, and communities.

accurately

describe

their gradual recovery.

foundations,

we operate never changed. We

an

owner,

developer,

asset

Midway Companies has developed in

22 states.

worked hard to maintain and create

For example, as optimism re-entered

unique, and we apply the resources

Midway. In recognition of Jim, each

additional value for our investors,

the market, CITYCENTRE was able to

necessary to maximize its potential.

year we are proud to present the

partners, clients, team members,

capture increased demand across

and communities.

all market segments, including office,

Our

Moran Legacy Award to those who

Saving the most important for last,

development

share Midway’s values and help

I would like to thank our Team for

retail, residential, and hospitality.

business continued to expand with

us achieve our goals. In 2010, we

their hard work and vision through

In 2010, the investment landscape

CITYCENTRE was not only able to

the completion of University Place

honored L&B Realty Advisors with

a rough market cycle. This past

was starkly divided between two

capture this demand, it did so while

and the commencement of Villa

the Award.

year, numerous awards deservedly

ends of the spectrum.

While we

achieving premium rental rates. The

del Prado. For 42 years, we have

saw an active market for fully

office, residential, and hospitality

utilized development as a vehicle to

In tough economic times, it is often

remarkable number of people are

stabilized “core” assets in primary

components reached stabilization

invest in real estate at “wholesale”

easy to focus on our own difficulties

leaving the real estate business,

markets driving up the value of

all within one year of delivery in

and believe that there will be

and forget how blessed we really are.

we have been fortunate to retain

these premium assets, we also saw

late 2009. Although the macro retail

development opportunities ahead,

I am especially proud of our Team

our incredibly talented Team and

a tremendous amount of capital

environment remains challenging,

especially in Texas. We feel now is

and their collective resolve to not

make strategic additions along the

multi-family

recognized

their

work.

As

a

partners,

clients,

team

Bradley R. Freels Chairman & CEO

CITYCENTRE

Approximately

11,150

people visit CITYCENTRE per day.

After

opening

2009,

The office, retail, and residential

CITYCENTRE matured into a dynamic

components reached stabilization in

mixed-use project that changed the

a time when the macro economic

west Houston landscape. Although

environment

the project received critical acclaim,

many projects. Additionally, we were

including

Business

fortunate to open and add a number

Journal’s SIOR Project of the Year, in

of new restaurant and retail tenants,

many respects a simpler benchmark

all adding vitality and a unique

speaks to the success of the project–

sense of place to CITYCENTRE.

CITYCENTRE became a community

The strong retail and restaurant

destination. Today, CITYCENTRE not

sales

only draws people from adjacent

CITYCENTRE as a unique project on

communities, but also draws people

the national retail landscape.

the

in

late

Houston

from all over the Houston area.

proved

performance

difficult

for

showcased

CITYCENTRE ONE and CITYCENTRE TWO office space is

100%

leased.

CITYCENTRE

®

CITYCENTRE held

62

events in the plaza in 2010.

CITYCENTRE has been featured in the media

250

times and counting.

HOTEL SORELLA Guests have visited Hotel Sorella CITYCENTRE from

52

countries.

Hotel Sorella CITYCENTRE ran a RevPAR* Index of

39,253

155%

in 2010.

different guests have stayed at Hotel Sorella CITYCENTRE.

*revenue per available room

In 2010, Hotel Sorella CITYCENTRE

2010. Hotel Sorella CITYCENTRE not

enjoyed its first full year of operations.

only positioned itself as the number

For most new hotels, the first year

one hotel in West Houston and the

of operations can be a struggle,

Energy Corridor, but also as one of

striving to gain market share against

the top hotels in the greater Houston

established competitors, and to build

area.

a customer base and reputation

CITYCENTRE is pleased to be the

in the market. Add in a weakened

recipient of some of the highest

economy and a struggling hospitality

awards the hospitality industry can

sector nationwide, the obstacles to

bestow.

In

addition,

Hotel

Sorella

Condé Nast Traveler Gold List - Top 500 Hotels, 2011

a new hotel loomed large.

With guests to date from 52 different By

focusing

on

what

is

most

countries and 6 continents, Hotel

important – quality of service, quality

Sorella CITYCENTRE has become

of the experience, and the quality of

a

product – Hotel Sorella CITYCENTRE

international exposure to CITYCENTRE

out performed all expectations in

and West Houston.

global

destination,

providing Condé Nast Traveler #11, Readers’ Choice Awards, 2010

Fortune Top 15 Best New Business Hotels, 2010

Wallpaper Best Business Hotels in the World, 2010

HARBORWALK Midway Companies was retained by

BBVA/Compass

Harborwalk,

to

reduce

reposition operating

expenses and create a long-term strategy for the property. In the first six months of operation, Midway worked to maximize the asset value through

operations,

management,

rebranding,

accounting

and

property maintenace.

Harborwalk is a 900-acre masterplanned

waterfront

community,

marina and yacht club, located on Galveston Bay. Surrounded by over 500-acres of wetlands, Harborwalk’s 380 canal and intercoastal waterfront homesites enjoy breathtaking views

of

Galveston

Bay.

The

Harborwalk Marina features a 156slip floating dock marina and stateof-the art amenities, including a ships store, fuel dock and bait shop. The main dining room of the Harborwalk Yacht Club accommodates 140 with additional seating capacity of 140 on the veranda. The Yacht Club Swim Center includes three heated, salt-water treated pools, a bathhouse and the tiki bar.

Monthly operating deficits have been reduced by

40% at Harborwalk.

The Harborwalk Marina fuel margin has increased by

20%

.

HARBORWALK

Midway resources dedicated to creating and maximizing

asset value MIDWAY DEVELOPMENT

MIDWAY EQUITIES {leasing & transaction management}

MIDWAY MANAGEMENT {commercial asset & property management}

{multi-family asset & property management}

{design, branding & marketing}

LANDSCAPING

{site maintenance & enhancement}

MIDWAY

R&D G R O U P

The Harborwalk Marina bait shop spoilage has been reduced by

50%

.

The reduction in staff and change in personnel resulted in an annual salary cost reduction of

36%

.

{restaurant management & investment}

MIDWAY CAPITAL MARKETS {investment & fund management}

STUDIO68

2009 STILL LOOKING LONG

Studio68 created

249

conceptual drawings, collateral pieces and events in 2010.

EVENTS R E S I D E N C E S EVERY SATURDAY: 9 AM - 1 PM Market features locally grown produce, homemade goods, meats, cheeses, eco-friendly products & more!

FRIDAY ART ON THE PLAZA Every Friday: April - June: 6 - 9 PM presented by Sculptures By Design & The Brownstones Luxury Townhomes

GREEN 6.2 RUN

April 23: 10K starts at 8:45 AM 5K at 9 AM and Kids 1K at 10:45

FASHION SHOW

featuring CITYCENTRE retailers

The Brownstones at CITYCENTRE offer an uncompromising lifestyle for a select few. These elegant three-story residences feature handsome exteriors, customizeable kitchens, hardwood floors, granite baths, and other luxurious finishes abound.

713.465.4205/thebrownstonesatcitycentre.com The Domain at CITYCENTRE – Designed for discriminating urbanites, these 370 magnificently appointed rental residences feature smart floor plans and a long list of designer details including high ceilings, wood-grain floors and gourmet kitchens.

713.463.0400/domainatcitycentre.com The Lofts CITYCENTRE are elegant, sophisticated one, two and three bedroom rental residences, each offering open, natural light filled floor plans for those who prefer to live with a sense of style.

713.463.4663/theloftscitycentre.com The Residences at Hotel Sorella, six sophisticated residences available for purchase on the top floor of Hotel Sorella, boast dramatic views through floor-to-ceiling windows and offer spacious open-air balconies and elegant furnishings. These luxurious spaces include one, two and threebedroom floorplans with ample perks, including customized interiors, state-of-the-art key-card security, and elegant finishes like marble, granite, hardwoods and hand-fired tile. Resident privileges include dedicated phone-lines for immediate frontdesk access, plus valet, bellman, pool and spa access, concierge services, dry cleaning and laundry services, grocery shopping and delivery, 24-hour maintenance, preferred membership to Life Time Athletic and VIP access to signature CITYCENTRE restaurants.

713.973.1600/hotelsorella-citycentre.com

CITYCENTRE

DANCING UNDER THE STARS

understanding that all the disciplines

provide innovative solutions that

Finally, in addition to existing projects,

March - October

can’t stand alone, but rather must

enhanced value for a number of

Studio68

be combined in a synergistic way

projects

CITYCENTRE,

concept strategies for a number

to create a unique relationship with

Kings Harbor, Harborwalk, Villa del

of innovative projects yet to be

suMMer

tenants and customers. Building the

Prado, Ranches of Clear Creek,

announced. We look forward to

at kings Harbor

“relationship”, or more specifically

Perennial Landscaping and M59,

sharing them with you in the future.

strong consumer brand interest and

among others. In addition to the

Last Saturday of the Month!

7:30 - 9:30 PM in the plaza

PATRIOTIC

PARTY

Celebrating our Armed Forces

DOGGY PARTY ON THE PLAZA

citycentrehouston.com

Have you heard the latest?

800 Town & Country Boulevard | citycentrehouston.com

2010,

Studio68

including

continued

to

7-8:30 PM: June 23 | July 7 | July 21 | aug 4 | aug 18

Fourth oF July Celebration

enjoy music from the kingwood Big Band & Chorale, starting at 7:30 PM on sunday.

SHOPPING & DINING

April 21: 6 - 9 PM

develop new brand identities.

Free ZuMba Fitness Classes - all suMMer!

exclusive

EARTH DAY CONCERT

FOLLOW US ON:

facebook.com/citycentrehouston.com t w i t t e r. c o m / c i t y c e n t r e h o u

eVents

April 2: Noon - 5 PM

Highlighting the finest quality artists and vendors for shoppers to enjoy at the 2011 CITYCENTRE Spring Market

STAY UP-TO-DATE ON EVENTS & HAPPENINGS AT:

ANNUAL REPORTS

March 31: 4 - 6:30 PM

April 9 & 10: Noon - 6 PM

sponsored by Streettalk Advisors

Studio68’s advice and expertise to

In

SPRING MARKET

special thanks to Houston Modern Luxury

long-term value enhancement.

creation process begins with an

March 26: 10 AM - Noon

MUSIC & FIREWORKS July 4: 6:30 PM

6:30

branding and marketing strategies across all project types. The value

Featuring pet vendor booths, parade & contests

19:

projects themselves, tenants sought

RIDE OF A LIFE TIME

PM

May

loyalty, provides an opportunity for

UPCOMING EVENTS

retailers, restaurants, monthly events & happenings

c i t y c e n t r e h o u s t o n . c o m

Studio68 delivers planning, design,

special offer on back!

monthly

keLLer WILLIaMs

EVENTS & HAPPENINGS

& kInGs HarBor

details on back!

BROCHURES/COLLATERAL

Present:

luxury

suMMer

nIGHts

LIVING OPTIONS

boutique

at the Harbor

OFFICE SPACE

thursday nights, 6-9 PM: July 1

|

aug 5

|

sept 2

Free concert, plaza fountain, clown, balloon animals & face painting for the kids!

eleven-eleven

Also, presented by: Chimichurri’s, Raffa’s, Sharky’s, The Wine Loft and Zammitti’s

AUSTIN HIGHWAY sign up for our newsletter at follow us at

kings-harbor.com

facebook.com/kingsharbor

we’re close by at 1660 West Lake Houston Parkway – between Kingwood Drive & FM 1960

ADVERTISEMENTS

1660 West Lake Houston ParkWay kings-harbor.com | follow us at facebook.com/kingsharbor

eleven-11 AUSTIN HIGHWAY

breathtaking views from your backyard

11-11

PLANNING/DEVELOPMENT

austin h i g h w a y

LANDSCAPING

eleveneleven A U S T I N luxury

WEB SITES

H I G H WAY

wat erfron t co mmun it y, m arina an d yacht club

BILLBOARDS/SIGNAGE

LOGO/BRAND DEVELOPMENT

ELEVEN E

L

E

V

E

N

M F I F T Y N I N E

created

development

PERENNIAL Perennial

Landscaping

serves

Houston and the surrounding area with commercial installation and maintenance landscape services.

The

relationship

provides

Perennial

with

Midway

Landscaping

the distinct advantage of looking at a project as an owner and the importance

of

understanding

the vision of each project. We understand the project vision is long term and will require attention to detail from the construction phase through the maintenance phase.

Perennial Landscaping’s experience encompasses many types of projects which include mixed-use, planned community, hotel, retail, schools, churches, industrial, office complex, and LEEDŽ certified.

Approximately

85%

of Perennial Landscaping business is unrelated to Midway.

THE GARDENS

Do you remember your college dorm

room?

It

was

probably

one big room with small, old twin beds, no air-conditioning and a community bathroom. Texas A&M University has some of the newest and most luxurious dormitories in the country. Midway served as the project manager for The Gardens at University Apartments, a 250-unit complex on the northeast side of the main campus in College Station, Texas. The Gardens’ design is similar to traditional apartments with a full-kitchen, laundry room, living/ dining room, and private bedrooms and bathrooms. Phase I of the apartments opened in August 2010 with 100% occupancy. The Gardens are reserved for upperclassmen and post-graduate students.

32

years since the last student apartments were built at Texas A&M University.

VILLA DEL PRADO

“Working Texans and retirees often have a difficult time finding an affordable place to live and TDHCA is committed to ensuring all Texans can live in and contribute to the communities of their choice. Besides providing much-needed housing, tax credit developments like these are also a powerful economic engine for local communities, helping generate construction jobs and the payroll, taxes, and fees that help provide essential services at the local level.”

- Michael Gerber, TDHCA Executive Director

Villa del Prado Apartments is an

plain, and abated a crumbling

affordable

infrastructure

multi-family

housing

including

drainage,

redevelopment in south Houston.

asbestos and microbial dangers.

This opportunity is comprised of

All efforts are focused on creating

a financing partnership between

a stunning, safe, and affordable

the TDHCA tax credit exchange

community for 118 families, set to

program

open in April of 2011.

and

City

of

Houston

disaster relief funds. The exchange funds from TDHCA brought almost $11 million of federal funding to Houston, to make a profound impact in the community.

The scope for the redevelopment includes an architectural vision that will achieve affordable housing for a

“The message is we’re all about cleaning up Houston.

We’re all about revitalizing neighborhoods to create a healthier economic development.”

sub-market that has not experienced

Jim Noteware,

new multi-family construction in 15

Director of Housing and

years. The result is an impressive redesign that residents and neighbors can be proud of for years to come.

This

re-development

density, removed

increased units

lowered green-space,

from

the

flood

Community Development

15

years since the last new multi-family housing project in this south Houston sub-market.

CITYCENTRE THREE Once CITYCENTRE THREE and FOUR are completed, CITYCENTRE will have an estimated

1,600 \

office professionals onsite.

CITYCENTRE THREE, a LEED® silver

enhancement of both company

building, will be the third office/retail

culture and recruiting as a few of

building built within the CITYCENTRE

the advantages CITYCENTRE offers.

development.

the

CITYCENTRE THREE will be located

CITYCENTRE ONE and CITYCENTRE

on the development parcel to the

TWO office components are fully

west of Hotel Sorella. CITYCENTRE

leased, the demand for additional

THREE will be the first phase of a

office

is

two-phase office layout that will

apparent. The unparalleled amenity

ultimately add 240,000 square feet

base at CITYCENTRE provides for

of office/retail to the development.

an outstanding quality of life for

CITYCENTRE

tenant

Prospective

being pre-leased and construction

tenants see the opportunity for the

is projected to start this summer.

space

Now

at

that

CITYCENTRE

professionals.

THREE

is

currently

Green goes beyond the building: If half of the office professionals stay at CITYCENTRE to eat lunch, shop or workout on a daily basis approximately 1,600 gallons of automobile fuel will have been conserved on a daily basis. That’s

416,000 gallons per year.

M59 M59 consists of 200,000 sf and 250 cars on

0.8 acres.

The

Montrose

has

quietly

office

thrived

sub-market of

a lofty second level gallery space.

location and the unique character

The two-level restaurant/gallery box

of the neighborhood. The location

preserves the scale of the street

allows easy access to the Texas

and enhances the street activity by

Medical Center, Downtown, The

presenting a large outdoor dining

Museum District, and The Galleria

patio to Montrose.

which

makes

it

office

professionals

because

end restaurant and wine bar, with

appealing that

to

desire

The office space is located above

access to these key districts. The

the

site is adjacent to unique shops,

panoramic

restaurants, galleries and St. Thomas

visibility from Highway 59. This iconic

University, which combine to create

presence will give the anchor tenant

a rich urban character – a small

key exposure by way of building top

town atmosphere in the midst of the

signage. The building architecture

big city.

will feature a fresh, forward look and

retail/gallery views

box, and

offering excellent

at the same time respect the existing Partnering with the land owners, we

fabric with its attention to scale,

set out to develop a building that

relationships and material use.

addresses the need for additional office space, but more importantly, reinforces the character of the place.

M59 is anchored by a two-level structure that will be ideal for a high-

M59 is located within

3

miles of...

The Museum District Texas Medical Center Downtown Mid-town Rice University West University River Oaks The Galleria

1111 AUSTIN HWY

Construction will commence in 2011 on 1111 Austin Highway apartments in

the

City

of

San

Antonio

–

featuring 278 units within a four-story gated, free-standing market rate development. The project will be capitalized with a combination of HUD financing and investor equity.

The site’s location provides a unique opportunity within the sub-market of Austin Highway. This sub-market has experienced a renaissance in development during the last ten years. 1111 Austin Highway is part of the Alamo Heights School District– the most highly acclaimed school district in the MSA. In addition, the proximity to Fort Sam Houston and the recent economic expansion in San Antonio associated with the 2005 Base Realignment and Closure (BRAC) Program will support the demand for close-in market rate housing for Fort Sam Houston military, civilian employees and their families.

Supporting

and

leveraging

the

growth at Fort Sam Houston is a key priority for the City of San Antonio and this development is a welcomed addition to meeting those needs and the continued revitalization of Austin Highway. Critical support is also being provided by the City of

San

Antonio

targeting

inner

city redevelopment of affordable housing.

Fort Sam Houston is currently undergoing a $1.8 billion expansion for the BRAC initiative.

This expansion will serve as the training post for medical services for military personnel in all branches of the U.S. Armed Services. This expansion will create over

12,500

permanent military and civilian positions.

“The City of San Antonio is committed to supporting the development of new market rate rental housing communities in the central city and around Fort Sam Houston. Infill housing properties reduces the costs and congestion caused by sprawl and leverages existing public investment and infrastructure. Infill housing is also an excellent neighborhood stabilization tool that promotes additional private investment…”

- John G. Clamp, City of San Antonio Councilman District 10

GIVING BACK

In 2008, to honor and recognize our partners, we created the Moran Legacy Award. In 2010, we were pleased to honor L&B Realty Advisors with the Award.

Midway

people

are

committed

to giving their time and energy to support charitable organizations they

are passionate about. It’s

through this dedication that so many groups are touched by Midway.

In 2010, the Midway Foundation supported

over

40

different

organizations.

“The community response to our campaign with The Center has been outstanding. The generosity that we have experienced from each of the partners that we have reached out to is a reflection of the character and leadership that exists in our community. In these difficult times no one has said ‘no’ and that is a blessing.”

- Shon Link, Midway Companies

The Center – a non-profit program

each of The Center’s buildings up to

that

mentally

a standard that serves to enhance

reached

program effectiveness. We have

out to Midway for assistance in

taken the lead to reach out to our

rehabilitating

community partners to collectively

serves

impaired

the

adult,

population their

–

existing

six

building campus and we were thrilled to be involved. Midway Companies is currently managing, on a pro-bono basis, a multi-year campaign

that

entails

bringing

address this important need.

Other companies assisting with the project: A&E, Acme Brick, Brickfield Builders, Garza McClane, Gensler, Gilbane, Hoar Construction, Interface, Inventure Design, Kudela Weinheimer, Marek Brothers, Perennial Landscaping, Studio68, Tree Source, Tribble & Stephens, and Upchurch Kimbrough.

The Midway Foundation supported over

40

organizations in 2010.

B4 PERSONAL HAND SANITIZER 50%

of the after-tax profits from B4 support Green and charitable causes.

In

2010,

Midway

counterintuitive

idea!

had

a

Why

not

develop a company with a mission to provide a recurring revenue source

for

various

charitable

Approximately

and Green initiatives? As a result, Midway Advanced Products, LLC was created with a unique business model – a for profit company with a non-profit approach. In keeping with

the

counterintuitive

theme,

the first product to be sold by Midway Advanced Products is B4, a personal and single-use hand sanitizer specifically designed for use “before” a meal is served.

Although the hand sanitizer industry is

well-established

with

many

household brand names, Midway Advanced Products will seek to position B4 as the personal hand sanitizer of choice for “before you eat, or before you do anything…”.

A HEALTHY BEGINNING TO EVERY MEAL

TM

185,000 germs & bacteria reside on restaurant menus. Do you santize your hands after you touch it?

Source: Good Morning America, December 31, 2010

TEAM

Advisory Board ADAM FINN Private Investor & Former CEO Warren Alloy Valve & Fitting Company

D. FORT FLOWERS, JR. President & CEO Sentinel Trust Company

JAMES FURR, FAIA Regional Managing Principal Gensler

BARKSDALE HORTENSTINE Director of Joint Venture & Partnership Tax Consulting National Tax Department of Ernst & Young

CHRISTOPHER M. JOB CEO RDEJ, LLC

MARVIN KATZ Partner Mayer Brown, LLP

BROOKS MCGEE President RAM Funds, Ltd.

Our quest to be the best at what we

shares a bond of common values

who take interest in our work and

RON NIXON

do and create long-term value starts

and combines their talents through

provide invaluable knowledge and

President The Catalyst Group, Inc.

with our people. It takes a unique

collaborative leadership to achieve

guidance.

team of incredibly talented people

unique results. We are also fortunate

to accomplish our goals. Our team

to have a group of trusted advisors

Midway’s 3 member executive team has been in the real estate industry an average of

25 years.

DAN PICKERING Co-President Tudor, Pickering, Holt & Co., LLC

1,056

Houston Business Journal Landmark Award Winner SIOR Project of the Year, Mixed-use & Retail, 2010

acres of green space, parks, wetlands and open space in Midway developments.

Fortune Top 15 Best New Business Hotels, 2010

Houston Chronicle Bistro Alex – Houston’s Best New Restaurants, 2010 Houston Business Journal Hospitality Finalist Hotel Sorella, 2010

KPRC-TV Houston’s Best Survey Top Pool, 2010 iida Design Excellence Award Hotel Sorella, 2010

My Table magazine 14th Annual Culinary Awards Restauranteur of the Year Alex Brennan-Martin, Brennan’s, Bistro Alex, 2010 Condé Nast Traveler Hotel Sorella, #11 Readers’ Choice Awards, 2010

Condé Nast Traveler Hotel Sorella, Gold List - Top 500 Hotels, 2011

Yo u r D a i l y D i g i t a l M a g a z i n e

CultureMap One of Houston’s “Hottest Hotel Pools”

Houston Business Journal Bistro Alex – One of the City’s Top Three New Restaurants in the Annual Executive Dining Guide, 2010

Wallpaper Best Business Hotels in the World, 2010

AWARDS

ACQUISITIONS & DEVELOPMENT ASSET MANAGEMENT LEASING INVESTMENT MANAGEMENT

MIXED-USE Office Industrial Retail Entertainment Hospitality Multi-Family SINGLE-FAMILY RESORT Land

713.629.5200 MIDWAYCOMPANIES.COM

CREATED & PUBLISHED BY STUDIO68 special thanks to: DANA LEE HARMS, Midway Companies/STUDIO68 SHANNON O’HARA, Shannon O’Hara Photography