Two executives have stepped down following the merger of major commercial real estate developers.
Houston-based Midway and Orlando-based Parkway Property Investments merge into one firm called Parkway two months ago. Jamie Bryant, who was co-CEO of Parkway, and Larry Sloan, who was president of investment and development for Midway, have left the company, the Houston Business Journal reported.
Bryant was COO of Midway before being elevated to co-CEO of Parkway, alongside Jayson Lipsey, at the time of the merger.
No reason was given for Bryant’s departure, but Parkway wished him well in a statement, and Bryant sent out a farewell email to colleagues.
Midway still exists as the exclusive developer for Parkway, according to the report. .
Meanwhile, Sloan is headed to Triten Real Estate Partners. The firm hired him as its first chief development officer, and he starts on Nov. 27.
Sloan, who has 25 years of experience in the commercial real estate industry will oversee all of Houston-based Triten’s national development efforts, including industrial, storage, multifamily and mixed-use projects.
Here’s what else is shaking in Houston real estate:
La Rosa Holdings Corporation, the publicly traded company that owns the Florida-based residential brokerage La Rosa Realty, plans to open a location in Houston’s Harris County. The move is part of a development agreement with Yeimalis & Associates Financial Group, according to a news release from La Rosa. It will be the firm’s first Texas brokerage. It has 36 outposts in the United States and Puerto Rico. The Harris County location wasn’t specified.
“Texas has experienced significant population growth in recent years, which, in our view, leads to increased demand for real estate services,” CEO Joe La Rosa said.