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Terrakan Targets Real Estate Property Info For Developers

Terrkan, a new, Los Angeles startup, said on Thursday that it has launched a new online service aimed at providing real estate data to real estate developers. The company said that its service, which currently only covers Los Angeles, hows the development value of any residential or commercial property in the city of Los Angeles. The company said it has automated the work normally involved in determining the best potential development opportunity in the city, including the work involved with looking up zoning information, figuring out setback reductions, allowable density, allowable square footage, and building costs. Terrkan says its tools automatically determine all of those factors and even estimates construction costs based on local market averages. The company says it hopes to expand it service to Santa Monica, Houston, Chicago, New York and other cities soon.