Odessa
Odessa Economic Index Contracts for 12th Straight Month
The Odessa Economic Index declined to 238.0 in June, down another 7.4 points from the May index of 245.4, and down 12.7%… Read more
Cisco Equipment Opens Seguin Facility
Odessa-based Cisco Equipment, which provides equipment, rental and maintenance services, parts and supplies to the midstream oil and gas market… Read more
Odessa Seeks to Incentivize Workforce Housing
The Odessa Development Corporation unanimously approved a workforce housing incentives infrastructure plan aimed at bringing additional workforce housing to the… Read more
Archway Properties Launches Permian Basin BTS
Archway Properties is breaking ground on a 28,222-square-foot turnkey build-to-suit for TEAM Inc. at Leeco Industrial Park in Odessa. The… Read more
Odessa Economic Index Posts Third Monthly Drop
The Odessa Economic Index fell for the third straight month in January, and the sixth of the past seven months… Read more
Odessa Economic Metrics: Contraction or Blip?
In October 2019, the Odessa Economic Index hit its all-time high of 270.2. In November 2019, the OEI fell to… Read more
Odessa Economy Shifting from Growth to “Mild Decline”
The September 2019 Odessa Economic Index — the economic metric for the West Texas City — declined for the second… Read more
Permian Basin Continues Lagging Texas Job Growth
The job growth in the Permian Basin has been sluggish for much of 2019, and October was no exception. According… Read more
611-Unit More Space Storage Center Changes Hands
The 611-unit More Space Storage Center, just east of downtown Odessa, TX, sold to an undisclosed limited liability company. The… Read more
Oil & Gas Slowdown Impacts Odessa OEI
Growth of the Odessa Economic Index in July 2019 was sluggish, due to a slowdown in Permian Basin oil and… Read more
McAlister’s Deli on Track for Texas Growth
Fast-casual chain McAlister’s Deli signed a new development deal with Best Choice Restaurants, an affiliate of franchisee Sun Holdings Inc.… Read more
Odessa Economic Index Slows to YoY Single-Digit Growth
The Odessa (TX) Economic Index in May 2019 increased to 268.1, up from April 2019’s 267.9. On a year-over-year basis,… Read more
823-Unit Self-Storage Portfolio Trades Hands
A Texas-based private investment group, operating under the name Cross Heritage Storage Odessa LP, acquired a three-property, 823-unit self-storage portfolio… Read more
South Plains Financial of Lubbock Takes Over Odessa’s West Texas State
South Plains Financial Inc. entered into a merger agreement to acquire West Texas State Bank of Odessa, TX. The Lubbock,… Read more
OEI Continues to Climb, But Slower
The Odessa Economic Index stood at a record 279.9 in April 2019, up from the 266.9 from March 2019, and… Read more
$19M in Financing Obtained for Reserves at 700 Acquisition
Florida real estate investors Robert Blau and Adam Jacobson obtained $18.5 million in financing to acquire the 180-unit Reserves at… Read more
Pilot Flying J Announces Six New Locations in West Texas
Knoxville, TN-headquartered Pilot Flying J announced plans to open more travel centers in West Texas in 2019. Specifically, the travel… Read more
Odessa Economic Index hits Record Number
The Odessa Economic Index rebounded from a decline in January 2019 to hit a record number of 267.9 in February… Read more
Odessa Economic Index Retreats Slightly, But Still Strong
The Odessa Economic Index declined slightly from December 2018-January 2019, ending up at 266.5, down from the revised 266.7 in… Read more