Houston-based Midway, a privately owned, fully integrated real estate investment and development firm, announced that Berkshire Hathaway HomeServices Premier Properties will open a Kingwood, Texas branch at Kings Harbor this fall. Located adjacent to Capital Title and The Berry Bar, Berkshire Hathaway joins other industry-leading firms that office in the dynamic mixed-use destination, including Capital Title, BRW Architects, Edward Jones and Joseph Chris Partners. “We are thrilled to welcome Berkshire Hathaway HomeServices to Kings Harbor this fall,” said Robert Williamson, Midway. “The firm’s capabilities are unique in this market, and we are confident their local team will bring considerable value to Kings Harbor and the greater Kingwood community as we continue to grow.” With more than 75,000 square feet of retail, entertainment, Class A office space, a central plaza plus adjacent luxury residential multifamily units and brownstones, Kings Harbor provides the Kingwood and Atascocita market with an upscale development with a true sense of place. The 20-acre development was Midway’s first mixed-use development and offers guests a unique mix of local businesses owned and operated by fellow Kingwood residents. As the only commercial development within the market located directly on Lake Houston, Kings Harbor features captivating architectural design and beautiful walkways, establishing itself as a great destination for lakefront dining, shopping and unique event opportunities. “King’s Harbor is a quality lifestyle development where members of the community come together to enjoy live events, celebrate holidays and so much more,” said Stacy Mathews, broker/owner of Berkshire Hathaway HomeServices Premier Properties. “The opportunity to relocate our branch here allows our entire team of agents to connect with the Kingwood and Atascocita communities through events like these.” Berkshire Hathaway HomeServices Premier Properties provides a wide range of real estate services including the representation of clients in the purchase, sale and lease of residential and commercial properties.

NewQuest Properties recently completed five transactions—two leases and three acquisitions—in South Texas. The Ranch Office at Katy Boardwalk has leased 16,312 square feet of office space in Boardwalk Crossing Phase I, located at the intersection of Kingsland Boulevard and AMC Drive in Katy, Texas, from Boardwalk Crossing LLC. Bob Conwell of NewQuest Properties represented the landlord. Jeff Goldberg of Gold Key Partners represented the tenant. Eye Boutique LLC has leased 1,634 square feet of retail space in Washington Central, 4015 Washington Avenue in Houston, from DZ Washington LLC. Nick Ramsey and Ashley Strickland of NewQuest Properties represented the landlord. Mike Ashmore of Engel & Volkers represented the tenant. Humble Westfield Property Inc. has purchased 4.41 acres at 14910 Humble Westfield Road in Humble, Texas from Macau Realty Inc. Dave Ramsey and Brad Elmore of NewQuest Properties represented the seller. Anne Vickery of Anne Vickery & Associates LLC represented the buyer. LoRey Properties LLC has purchased a 13,740-square-foot warehouse on 0.46 acres at 4750 Irvington Boulevard in Houston, from Ruiz Wholesale Co. Chris Dray of NewQuest Properties represented the seller. Juan Miranda of Mission Realty represented the buyer. American Food of Beaumont LLC has purchased 1.56 acres at 510 Interstate 10 N in Beaumont, Texas from Calder 10 Ltd. John Nguyen and Grace La of NewQuest Properties represented the buyer. Sam Parigi of Parigi Investments Inc. represented the seller.

Houston-based NewQuest Properties recently closed a land sale and a warehouse acquisition, both in Houston. J-R 1726 Inc. has purchased 11.96 acres at the intersection of Crawford and Tanner roads in Houston from Payton D. Waters Sr., Payton D. Waters Jr. and Payton D. Waters, trustee. Brad LyBrand and David K. Meyers of NewQuest Properties represented the buyer. David Boyd of Boyd Commercial represented the seller. Swanson Resources LLC has purchased a 6,660-square-foot warehouse on 0.59 acres at 6715 Theall Road in Houston from SME Associates Property Holding LLC. Jeff Lokey of NewQuest Properties represented the seller in the direct deal.

In the fall of 2019, Paul Layne assumed the position of CEO of the Howard Hughes Corporation, as the company reorganized and refocused on its specialty: master-planned suburban communities. Layne had been with HHC for seven years, first as the executive director of master-planned communities (MPCs), and then the president of the central region, which includes most of those communities. HHC’s planned neighborhoods, like The Woodlands in Houston, Texas, which span 50 square miles, are designed to be cities unto themselves. HHC designs the street grid, including residential neighborhoods, green spaces, commercial areas, and often a walkable center. HHC then sells lots to home builders, who sell homes directly to buyers, but builds most of the multifamiy, office and retail themselves. In New York, HHC is best known for the South Street Seaport,which HHC has been redeveloping for a decade to turn it into a destination for shopping, entertainment and dining. HHC owns a collection of properties in the area, and is rebuilding the Seaport’s historic Tin Building which will house a marketplace by French-American chef Jean-Georges Vongerichten, and has other projects in the works, including a development at the former Fulton Fish Market and a mixed-income tower at the edge of the district. That made him a good fit for HHC’s new direction. Click to read more at www.commercialobserver.com.

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NAI Partners recently arranged a 6,500-square-foot office lease for Resource Data at 15915 Katy Freeway in Houston. NAI Partners’ Griff Bandy and Joe Bright of the company’s office tenant rep group represented Resource Data in the transaction. NAI Partners’ Michel Sieger, Lesley Rice and Andy Parrish, of the firm’s office project leasing team, represented the landlord, Dornin Investment Group. “The new office benefits both our employees and clients. It is in the Energy Corridor, which is central to many of our clients’ locations and will also reduce the commute time for most of our employees,” said Resource Data’s Houston branch manager, Doug Ruppert. “Resource Data’s new space will provide them with a nicer, more modern buildout and some visibility on the freeway,” said Bright. Resource Data, Inc. is a custom software development, GIS and IT consulting company. For over 30 years, they’ve provided a range of expert services, solving the toughest business problems with thoughtful technology solutions.