IRVINE, Calif., June 01, 2022 (GLOBE NEWSWIRE) — light box, a leading information and technology platform for commercial real estate and location-based intelligence, announces the acquisition of The Planning & Zoning Resource Company (PZR), the strongest established zoning data company and the oldest in the country. With a library of over 223,000 digitized reports, PZR’s PZR Research, Analysis and Reporting Suite® will provide LightBox customers with access to the most comprehensive collection of zoning data on the market.
The acquisition will strengthen LightBox’s data and analytics platform, benefiting all customer segments. LightBox currently provides verified zoning reports to assessment companies and has developed a nationwide zoning layer accessible through its flagship product LandVision™. Adding the powerful capabilities and deep expertise of PZR will enhance our clients’ ability to access commercial real estate data, analytics and workflow tools.
“We are excited to integrate PZR into our ecosystem,” said LightBox CEO Eric Frank. “Integrating PZR’s benchmark zoning data with our industry-leading CRE data and applications will create new capabilities to enable our customers to make better decisions. We are excited to offer our customers a new suite of zoning services that complements what we currently offer and will extend the reach of our platform and make it even more powerful.
“PZR is delighted to join the LightBox family,” said President David Anderson. “Our ability to locate historic construction documents for properties and our close ties to municipalities in all 50 states and Canada make us an ideal fit for LightBox. Being part of LightBox will expand our reach and enhance our ability to serve all CRE professionals.”
PZR’s search solutions provide commercial real estate professionals with accurate and timely information, including zoning verification letters; exemption, special use permits and conditional use permits; information about zoning and building code violations; occupancy certificates; and copies of approved site plans. PZR reports® provide specific site designations, compliance statements for current or proposed use of the property, building setback requirements, and height, density, and area restrictions. With access to a database of over 20,000 municipal contacts and a zoning library of over 6,000 zoning ordinances, PZR can coordinate and collect information with the speed and efficiency that LightBox customers are accustomed to.
“With the acquisition of PZR, we are enhancing the user experience for our commercial real estate customers with an even more innovative and data-rich platform,” Frank said. “Our public and private sector clients rely on us to help them make strategically sound decisions. Adding PZR’s experienced team to our platform makes our value proposition even stronger. »
LightBox is a leading real estate information and technology platform. Through operational excellence and a passion for innovation, LightBox facilitates transparency, efficiency, insight and prediction for real estate investment and location analytics. LightBox customers include commercial and government agencies that require definitive real estate data and powerful workflow solutions, including brokers, developers, investors, lenders, insurers, technology providers, environment and evaluation professionals. LightBox is backed by Silver Lake and Battery Ventures.