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Do low oil prices hurt home prices?

If you’re worried about lower oil prices and the effect on the state’s economy, there’s research that could put your mind at ease. While there is some relationship between the two, Jim Gaines, Ph.D., a research economist with the Real Estate Center at Texas A&M University, says historical data shows that this relationship is only Read More

Making Room for HEB Shelf Space

ODESSA – Construction on the new H-E-B store on West University near Loop 338 is well underway. The 98,984-sf store is located on approximately 9.75 acres. The project is estimated to be $15.8 million. The construction represents the first sign of what should be a broad expansion of grocery offerings in Odessa in the latter Read More

Odessa Business Growth Flourishes in 2014

ODESSA – The oil boom meant another flourishing year for Odessa’s economy, with low unemployment and a surge of new homes and businesses.  All part of the Odessa Business Growth. If you are just looking back at the year, it has been, frankly, a great year for the Odessa economy, and it will continue, said Read More

Odessa Construction Permit Report

Odessa construction permit 2014 value $637M vs. 2013’s $421M (1/9/2015) Odessa – The City of Odessa has released the 2014 construction permit report. Odessa Construction Permit Report 2014 YTD 2014 YTD 2013 # of Permits Permit Value # of Permits Permit Value New commercial 218 $375,810,664 197 $152,483,310 New single-family 433 $99,879,445 685 $135,533,015 New Read More

Odessa building boom continues with retail & restaurants

ODESSA – Two buildings, totaling about 30,000 sf, have broken ground near the Chimney Rock shopping center off Hwy. 191 and East Loop 338. One of the buildings, with an estimated $1.5 million construction cost, will exclusively house a hardware store, Northern Tool and Equipment. The other building will contain three restaurants, one of which Read More

$5.8M health care facility arrives in West Odessa

ODESSA – The $5.8 million, 23,000-sf Medical Center Hospital’s (MCH) Center for Primary Care has opened its doors at 6030 W. University Blvd. in West Odessa. The medical facility will offer pediatrics, family practice, OB/GYN, urgent care and optometry. West Odessa “…has always been an underserved area and now with the oil boom the population Read More

Odessa hotel building booms

ODESSA – In 2013, Odessa added six hotels with more than 1,200 rooms, and in so far 2014 eight more have been announced or are under construction, according to the Convention and Visitors Bureau of the Odessa Chamber of Commerce. Three of the eight hotels underway are expected to come online by October 2014 when Read More

Weatherford begins $24M, 120,000-sf project

ODESSA – Weatherford International recently began a $24 million, 120,000-sf construction project beside its facility on I-20. Building permits show a more than $5 million facility, a roughly $2.3 million facility and a nearly $6.5 million facility at 710 S. Faudree Rd. Some other projects underway include a $550,000 truck wash, a $465,000 gun-load structure Read More

Total Office Solution Midland TX

Total Office Solution Midland TX Total Office Solution has been named the number one provider of Xerox products within similar-sized markets across the country. The store has seen about a 67 percent sales increase since 2008, according to co-owner Tommy McCrury. In 2013, Total Office Solution recorded $12 million in sales, and about $5.5 million Read More

Commons Northpark Midland TX

Commons Northpark Midland TX MIDLAND – The Midland Planning and Zoning Commission has approved a 32,000-sf expansion of the Commons at Northpark shopping center on four acres just east of the current development. The new shopping center expansion will include a strip mall for several businesses to lease space in addition to two stand-alone buildings, Read More

Southwest Airlines Midland TX

Southwest Airlines Midland TX MIDLAND – Southwest Airlines will offer an additional direct flight between Midland International Airport and William P. Hobby Airport in Houston beginning in June 2014. There will be four daily flights to and from Houston and Midland, according to Michelle Agnew, a Southwest spokeswoman. There are currently three daily flights. Other Read More

Midland Employment Growth

Midland Employment Growth MIDLAND – Midland has been ranked number one for employment growth and named the fastest-growing economy in the country for the second year in a row, according to IHS Global Insight, a global think tank. Midland’s gross metro product (GMP) grew 7.5 percent in 2013, and had previously grown 14.4 percent in Read More

Midland Shared Spaces

Midland Shared Spaces MIDLAND – The 42,000-sf Midland Shared Spaces opened its doors at 3500 N. A St. with 11 nonprofit organizations and their 60 employees housed under one roof. The building has space for 13 nonprofits. The idea for a shared nonprofit facility is to offer a discounted rent by maintaining separate office spaces Read More

Westridge Park Midland TX

Westridge Park Midland TX MIDLAND – Pontikes Development LLC has purchased 19 acres in the 100-acre Westridge Park, according to CB Richard Ellis (CBRE). SBC LP sold the property. Pontikes plans to develop a complex consisting of approximately 500,000 sf of office space, including structured parking facilities. Construction plans will allow tenants to begin occupying Read More

Staybridge Suites Odessa TX

Staybridge Suites Odessa TX ODESSA – The four-story, 90-unit Staybridge Suites has broken ground at 810 South JBS Pkwy. The estimated cost of construction is $6.5 million. Hotel amenities will include a theater and a gymnasium, according to Tipoo Hossain, director of operations. Completion is set for December 2014, according to H.S. Ferdous, project manager Read More

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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Property listings are subject to errors, omissions, prior sales or withdrawal without notice. Information About Brokerage Services can be found at http://www.donnaedwardsrealty.com/wp-content/uploads/2017/07/Information_About_Brokerage_Services_BuyerTenant__11215_ts41229.pdf