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joint venture between Midway and Parkway Property Investments has come to an end, with the two commercial real estate firms agreeing to dissolve their partnership. The companies, which formed Parkway Ventures in May last year, have decided to go their separate ways, with Midway selling its interest in the venture to Parkway. This move will give Parkway full control of the company and allow it to bring its property operations back in-house.

    The future of the collaboration's Houston-based employees is uncertain, with the company informing staff that their employment may not be necessary after the split. However, Parkway has denied any layoffs have taken place. The joint venture had managed 45 million square feet of assets and employed around 300 people when it was formed last year.

    Notable departures from the firm include Jamie Bryant, former co-CEO of Parkway, and Larry Sloan, executive vice president of investment and development at Midway, who both left in November 2023. Brad Freels remains CEO of Midway, while Jayson Lipsey now leads Parkway's operations following the transfer of control to Parkway Ventures.