ouston, TEXAS - The Pavonis Group, the real estate technology and advisory company, has launched its Pavonis Property Immersion eXperiences (PIX), division. Mark Kingston, former CEO of Argus Software and managing partner at Pavonis, described PIX as the umbrella division for the various immersive 3D technologies Pavonis is developing for its clients, which include a range of interactive virtual building and space tours, property management, risk management and security software and tools. The recently announced ReOptix™ joint venture with Iomnis Surveillance Solutions will be folded into this new division.
Through PIX, Pavonis is making a commitment to be the leader in the realm of visualization technology for the real estate marketplace. Key to ensuring their cutting edge quality and innovation is the recent inclusion of 3D simulation and gaming innovator Richard Boyd, who has a twenty-three year career of entrepreneurship and innovation that includes successful startup ventures 3dVillage, Virtus Corporation (Red Storm Entertainment with Tom Clancy, iRock Entertainment with Ozzy Osborne, Timeline Computer Entertainment with Michael Crichton), Hollywood set design and software (The Abyss with James Cameron, Mission: Impossible with Brian DePalma), and 3Dsolve, Inc, which was acquired by aerospace giant Lockheed Martin and became Lockheed Martin Virtual World Labs.
Boyd, who has joined The Pavonis Group as a partner and will serve as a lead advisor to PIX, is excited about the timing and the innovative immersive products being developed for real estate and government clients. "The timing is excellent for these successful real estate veterans to form this venture and take the leadership in the market. I see it all coming together," says Boyd. "After two decades of having the technology, we finally have the industry leadership, band width and processor speeds to make it all possible."
Boyd notes that Pavonis' capabilities are pushing the virtual standard from the presentation of "dead world walk-throughs" to interactive "living worlds" driven by cutting edge game technology that more fluidly help people experience the full potential of a property and make intelligent decisions that affect their daily lives.
"Real estate is the largest asset class on the planet, and can often be the most expensive purchase an individual or company will make in their lives," Boyd added. "It is clear to me that the Pavonis PIX visualization and real estate intelligence platform can better inform buyers and shorten sales cycles for brokers. Everyone wins with better command of information. There is nothing like this in the market today"
Having launched its ReOptix products at ExpoReal in Germany in early October, Pavonis will be exhibiting at the 2013 National Multi Housing Conference in Dallas as well as attending the NAREIT conference in San Francisco the week of November 11. "We are excited to share our vision with the international real estate community," said Kingston, "By revolutionizing the way people experience space, we hope to create a comprehensive offering of integrated technology, data and services to materially increase the liquidity of the global real estate industry."
About Pavonis (www.pavonisgroup.com)
The Pavonis Group was created by leaders from the top echelons of success, who are committed to creating and integrating disparate technology, data and services into one platform, bringing efficiency to the global real estate industry.
Pavonis' operational, founding partners include Mark Kingston, Demetrios Louziotis, Soh Har Pang and Patrick Ng, all former executives with Argus; Jeffrey Finn, former CEO of NAI Global; Ken Harrison, former CEO of Colliers International Valuation and Advisory Services; Jeff Fisher, Professor Emeritus of Real Estate at Indiana University; Theodore Stratis, former CIO from ING Real Estate; Colin Duthie who held leadership positions at Credit Suisse and UBS; 3D visualization guru Richard Boyd, and real estate legal expert, Glenn Petillo. The global presence of Pavonis is further enhanced by Investment Partners Felix B. Maduro, Vice-President of Agencias Feduro, a leading distribution company of personal care and food products in the Republic of Panama and Yuichiro Kawaguchi, Professor of Real Estate Finance at Waseda University in Japan.