Nancy Egan

Nancy Egan, principal of New Voodou, writes about real estate and design issues from offices in Venice, California.

Recent conversations with a number of southern California’s leading bankers, brokers, and investors reveal an outlook that can easily be summarized as “apartments, apartments, apartments, and low cap rates create cautious optimism.” However, the real story is far more nuanced, and positive indicators and activity can be found in nearly every sector. Learn two big reasons for that optimism.
Dramatic urban design strategies, such as iconic cultural buildings, are beyond the reach of most cities. Successful urban revitalization depends on far more than a single, shining idea. What works in communities large and small are cultural and entertainment districts. Read how cities like Los Angeles, New York City, and Philadelphia are applying that lesson.
Health care providers are dealing with the effects of a recession that has diminished endowments and slowed capital flows—concerns compounded by unresolved questions regarding the effects of health care reform. At the same time, there is an unquestionable need to expand capacity. Read what three divergent philosophies are driving the actions of health care institutions in initiating capital projects.
Los Angeles cannot become a vibrant, livable, pedestrian-friendly city without addressing the issue of chronic homelessness, said members of the “1000 Homes Committee” of ULI Los Angeles. The group recently recognized political leaders, nonprofits and developers who are generating fresh ideas, educating industry players about the issue, and transforming the destinies of the homeless in their city.
For much of the past decade, buoyed by a vibrant real estate market, readily available credit, and acquisitive consumers, international retail investors and developers enjoyed healthy growth, in both developed and developing economies. Now, in the aftermath of the global market downturn, developers—faced with an oversupply of retail square footage (especially at the high end), failing projects, and a cautious buying public—have been forced to reconsider their geographic strategies and retail models.
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