Ranger Energy Takes Nearly 9,000 SF at Towers at Westchase II

Ranger Energy Services recently signed an office lease for 8,763 square feet at 10350 Richmond Avenue in Houston. NAI Partners’ John Zivley, vice president in the office tenant rep group, represented Ranger Energy Services in the transaction. Stream Realty Partners’ Ryan Barbles and Brad Fricks represented the landlord, FSP Westchase LLC. Ranger Energy Services is an oil and gas completion and production solutions company with a foundation built on well servicing. Ranger has become one of the largest providers of high specification well-servicing rigs and ancillary equipment in the oil and gas industry.

RealNex Acquires Interest in 3D Real Estate Virtual Reality Company, Pix

Stafford, Texas-based RealNex has acquired a 25 percent interest in Pix, bringing to the RealNex platform an integrated set of virtual reality solutions to more effectively market properties and accelerate sales. The Pix range of offerings includes QuickTour, a cost-efficient, high quality, web-deployed modeling capability to showcase buildings and spaces even before they are built; RealFit, a powerful real-time test-fit tool to ensure that a particular space aligns with end-user requirements and PropertyMax, a photo-realistic and fully immersive virtual model of existing or planned properties or communities. “RealNex has been working closely with Pix since its formation,” said Jeffrey Finn, CEO of RealNex. “The work the Pix team has done and the technology they have built is truly impressive. The current hyper-competitive commercial real estate environment demands more virtual capabilities and web-enabled solutions. We are thrilled to now fully integrate these types of offerings into the RealNex Navigator platform, elevating our clients’ prospects for optimal success in marketing their properties.” Pix has done extensive work for clients which include CBRE, Colliers, Exxon and Keller Williams. Pix helped a Colliers office bring a pre-construction commercial building to life allowing them to market the asset sooner and more capably by effectively enabling potential tenants to tour a not-yet-built space. By using a Pix model, another client was able to presell 95 percent of their multifamily units prior to the completion of construction. In addition to reducing transaction cycles and increasing conversion rates, models can be used throughout the lifecycle of a property to enhance design, capital raising, permit processes, simulation training and more. “For less than the cost of most renderings, Pix delivers an immersive virtual model with high-level, life-like realism. Given recent events, prospective investors and tenants, now more than ever, need a powerful capability to remotely tour spaces and advance the sales and leasing processes. We are extremely excited to align with RealNex to deliver our next-gen solutions to their vast client base,” said Pix president, Glenn Petillo. QuickTours can be sent out as links or embedded on websites to permit users to access and virtually tour spaces on their own or via a guided tour. Once within a Pix model, the user is enabled to customize a space by swapping out designs and altering color schemes, furniture and finishes. Renderings or still images are readily accessible by taking screenshots of the virtual space. With RealFit, clients can access a raw space, add walls and doors, and drop in furniture and fixtures to build their 3-D environment, ensuring it accommodates their needs. As the client is virtually “building” a space, the Pix system automatically calculates the materials budget. In addition to its photo-realism, PropertyMax provides a host of tools, such as time-of-day light displays, measuring tools, exterior views and flexible design options.

Cravey Real Estate Completes Sale of 9,014 SF Building Leased to Dollar General

Cravey Real Estate Services, Inc. recently completed the sale of 832 Hwy 35 S leased to Dollar General in Rockport, Texas. Rockport is a waterfront retirement community about 30 miles away from Corpus Christi, Texas. The 9,014 square foot building sits on approximately 2.68 acres. Lynann Pinkham, broker associate of Cravey Real Estate Services, Inc., represented Harley Trust, and/or Assigns (Buyer) in the sale. A broker out of Dallas, Texas represented DGN Equities, LP a Georgia Limited Partnership (Seller).

TEXASRETAIL Maria’s Taco Xpress in Austin Sells to Local Investment Company

Maria’s Taco Xpress, a South Lamar fixture since 1997, starting as a small food trailer and growing to a full-scale restaurant in 2006, will soon serve its last taco. Bradley Bailey, first vice president, and Adam Rabin, associate, with CBRE in Austin, represented Maria Corbalan, owner and namesake of the restaurant, in the property sale. “Maria’s Taco Xpress has been a staple of the 78704 community for more than 24 years, first as a food truck and then as the restaurant we all know now,” said Bradley Bailey, first vice president at CBRE. “We were glad to find a locally based buyer who will bring the next phase of this location to life.” The property has gone under contract to sell to a local, unnamed Austin-based investment company. The sale will be finalized in early November. This new ownership entity is working with Britt Morrison and Brett Maze from the Weitzman Group to find the perfect tenant for this iconic location. “When I came to Austin from Argentina as a young girl, I fell in love with this city and its people. My restaurant has allowed me to touch so many lives over the years and for that I am incredibly grateful,” said Corbalan. “I will continue to serve everyone until the end of the year and then I am giving the business name, equipment and a trailer to my employees of 20 years. They have been amazing, especially during these recent hard times, and I hope they can bring the same delicious tacos to Austin for many years to come. The best gift the community can give me is supporting my employees on their new endeavor.” Corbalan and her employees will continue to serve delicious food to customers through the end of the year. She will also be selling all of the iconic decorations and fixtures in the restaurant so that the Maria’s flair can find a place within other’s homes and hearts. “I have worked very hard as a woman in this city,” said Corbalan. “When I started my restaurant in 1997, beginning with a small food trailer, I never imagined how I would be able to give back to my community and brings smiles to faces with Hippie Church and food made from the heart.”

Colliers Mortgage Closes Fannie Mae Loan for Multifamily Asset

The Minneapolis office of Colliers Mortgage, part of Colliers International | U.S., recently closed a Fannie Mae loan for the refinancing of Ten19 @ Friendship Lane, a 128-unit, market rate multifamily apartment property located in Fredericksburg, Texas. The property was built in 1998 and four of the units are dedicated as Airbnb units. Amenities at the pet-friendly community include laundry facility, playground, 24-hour maintenance, fitness center and grill/picnic area. The 12-year term, 30-year amortization loan was arranged through a partnership with Old Capital Lending for DCP 1019 Friendship Lane, LLC.

Cypress Holdings Selects Transwestern to Lease Newly Constructed Medical Office

Transwestern Real Estate Services has been selected by Cypress Holdings to provide leasing services for 222 W. Cypress, a 20,656-square-foot, two-story medical office building in Midtown San Antonio. Transwestern associate James Murry will provide healthcare leasing services on behalf of Cypress Holdings. “I am grateful for the opportunity to work with Cypress Holdings to lease 222 W. Cypress,” said Murry. “Midtown is in short supply of medical office buildings of this quality and convenience. While the market is combating uncertainty due to COVID-19, I will approach this project with the same persistence and data-driven market intelligence that Transwestern is known for providing.” Delivered in December 2019, the medical office building is currently 69 percent leased. 222 W. Cypress is in proximity to Historic Pearl, Methodist Metropolitan Hospital, and San Pedro Avenue with access to Interstates 10 and 35. Anchored by Women’s Health Texas, healthcare tenants can also take advantage of the walkability and excellent transit opportunities from surrounding neighborhoods. “We are excited for our staff to serve the medical needs of clients at our new clinic,” said Dr. Carlos Cardenas of Women’s Health Texas. “This new medical office building brings convenient access to quality care to the San Antonio community.”