Monthly Archives: August 2014

Hotels in Midland set revenue records in 1Q 2014

MIDLAND – Following a record-breaking year, Midland’s hotel industry shows no signs of slowing down in 2014 as revenue grew 13 percent year-over-year in first quarter. The Tall City’s 39 hotels generated more than $27.6 million in 1Q 2014, the highest amount from any quarter in history, according to the most recent report from the Read More


 TURN YOUR IPOD, IPHONE, OR IPAD INTO A SECURITY CAMERA The application “Presence” turns iOS devices into a video surveillance system, with smart home energy control and MORE.   See what’s happening in your home or listed property LIVE from anywhere when you’re gone.  If motion is detected, you will know within seconds.  iPad2, iPhone 3GS, and Read More

Stabilization for Hyperlapse Video

With Instagram’s video stabilization technology built-in, Hyperlapse lets you create moving, handheld time lapses that result in a cinematic look, quality and feel—a feat that has previously only been possible with expensive equipment. Another great tool for our agents at Donna Edwards Realty

Midland highlights Texas’ low unemployment rate

MIDLAND – The Bureau of Labor Statistics (BLS) reported that Midland’s 2.3 percent unemployment rate in April was the lowest of all Metropolitan Statistical Areas in the country. It was the fourth time in the last five months that Midland has posted the lowest or tied for the lowest unemployment rate in the nation. The Read More

Midland energy leaders expand campuses

MIDLAND – Oil companies are investing millions to build modern campus-like office space with many amenities. While many companies have moved north where more property is available, there still is significant interest in downtown. Downtown Midland office buildings have typically been set up for multiple tenants, whereas large companies prefer their own buildings in campus-like Read More

Chaney Ranch in Greenwood

GREENWOOD, MIDLAND COUNTY – Site work on Chaney Ranch is set to start sometime in May. The development will consist of 107 executive one- and two-acre lots in the Greenwood School District of Midland County. Phase 1 has 15 two-acre lots and 32 one-acre lots. Developer Permian Basin Group will plant more than 300 trees Read More

Home values and suppy up in Midland

MIDLAND – April home values were up by 4.7 percent year-over-year in Midland, marking the 11th consecutive month of growth. The median price of homes sold last month was $227,000, according to data published by the Real Estate Center at Texas A&M University. Home values have not dropped year-over-year in Midland since May 2013, when Read More

Midland No. 1 MSA in U.S. under 3 percent jobless rate

MIDLAND – Midland’s 2.9 percent jobless rate made it the only MSA in the nation to post a jobless rate less than 3 percent in January 2014, according to the Bureau of Labor Statistics. Midland’s civilian labor force grew by 2,500 people from January 2013 to January 2014. Of the 95,600 people in the labor Read More

Midland Fasken Oil adding 39 units to The Vineyard

MIDLAND – The 39-unit second phase of The Vineyard development will be located on 7.212 acres west of the Holiday Hill Rd. and Green Tree Blvd. intersection. Construction starts during summer 2014 and finish in 2015. Fasken Oil and Ranch Ltd. will develop the luxury complex, which will be comprised of nine two-story buildings only Read More

U.S. Silica Sand Storage Facility Storms Into Odessa

ODESSA – U.S. Silica Holdings, Inc. has announced that the company has entered into an agreement with Union Pacific Railroad to build a new unit train capable silica sand storage facility. The 20,000-ton frac sand storage facility is expected to be operational by the end of 2014. The facility will cost $10.5 million to build Read More

Midland ISD Teachers Bonuses

MIDLAND – The Midland ISD Education Foundation has received $6.25 million in donations for teacher signing and re-signing bonuses from eight area companies and foundations. Entities providing donations include Concho Resources, Pioneer Natural Resources, Apache Corp., Warren Equipment Co., Chevron, the Abell-Hanger foundation, the Henry foundation and the Scharbauer foundation. The donations will allow Midland Read More

Midland housing newsflash: median price jumps, supply up

MIDLAND – The median home price jumped about 19.5 percent during first quarter 2014 compared to 1Q 2013, according to the Quarterly Housing Report published by the Texas Association of Realtors. Midland’s median home value was $237,300 in 1Q 2014, compared to the statewide median value of $172,900. The supply of homes in Midland increased Read More

West Texas Food Bank Groundbreaking for 56,000-sf Facility

ODESSA – Serving 19 counties and about 75,000 people a year in West Texas, the West Texas Food Bank has become a necessity and to keep up with demand, the organization will formally break ground on a new 56,000-sf facility in Odessa on June 11. The new Odessa center will serve as the distribution center Read More

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