Real estate intelligence platform Pactriglo is adding new data analysis features to its software for builders, developers and real estate brokers to help them better solve Los Angeles’ housing problems.
The idea behind the new features is to help real estate professionals find solutions using the city’s zoning regulations, and comes amid a growing shortage of adequate and affordable housing. Pactriglo says the city’s housing problems are compounded by a backlog of development applications. It notes that applications requiring discretionary approvals, like a zone change, could spend anywhere between two-to-six years going through the entitlement process before gaining approval.
That’s simply not good enough, said Benjamin Pezzillo, CEO and founder of Pactriglo. As a former labor union business agent for the Department of City Planning’s employees, Pezillo has plenty of insights into the application process, and understands that zoning changes alone won’t be enough to solve Los Angeles’ housing problems.
“Save years in the current project process by starting with the right zoning,” Pezillo said. “By using the existing, underutilized zoning, Los Angeles can address its housing crisis while also building out billions in unrealized real estate values. Pactriglo works with the real estate industry to find those sites with existing underutilized zoning.”
Pactriglo’s new features include new capabilities to identify Assemblages, which are contiguous parcels owned by the same person or entity, and information on properties that are eligible for Transit Oriented Community density bonuses.
Pactriglo’s supercomputer pulls data from four different public records to deliver real-time intelligence. The platform scours over 75 million data points to deliver easy to digest planning information, helping identify ready-to-build sites. Built upon the lighting-fast MapD platform, the reports deliver visualized information on Los Angeles’ existing zoning regulations.
Real estate developers, builders, and related service providers use the actionable insights found on Pactriglo to track building construction activity and gain insights on development. With insights from Pactriglo’s reports, developers find opportunities to increase the number of dwelling units through maximizing the existing zoning codes.
Urbanize.LA called the easy-to-use dashboard, “a well-needed and much-welcomed tool for professionals in LA’s real estate development world,” predicting government officials and city planners would find the platform easier to use than existing systems like ZIMAS or LADBS that require specialized knowledge to run.