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FROM THIS EPISODE

What happens when residential real estate is treated like a safe deposit box? DnA explores the urban impact of global investment in high end homes -- in London, New York and L.A. 

Photo: Time Warner Center in New York City. Courtesy of Kiah Ankoor.

Producers:
Frances Anderton
Caroline Chamberlain

The Life -- and Death -- of London and New York 13 MIN, 34 SEC

Towers of Secrecy, a New York Times series, examined the shady characters behind the shell companies that own condos in the ritzy Time Warner Center. This DnA broadcast looks at another aspect of global investment in residential property: the urban impact. How does it affect local business? Why is the trend being called “zombie urbanism?”

DnA talks to Peter Zellner, Principal at AECOM's Los Angeles design studio, Deyan Sudjic, Director of the Design Museum in London, Matthew Lasner, author of High Life: Condo Living in the Suburban Century, and Michael Kwartler, founding President of the Environmental Simulation Center about how this is playing out in New York and London.

“Zombie Urbanism” and L.A. 14 MIN, 4 SEC

Los Angeles is attracting overseas investment in luxury homes in posh neighborhoods and in new high-rise condo developments in downtown. Is this a problem, or a sign of LA’s continued renewal? Does it make housing even less affordable to regular buyers? What does it mean for designers when they design for a faceless client?

DnA talks to photographer Monica Nouwens, interior designer Natasha Baradaran, Peter Zellner, Principal at AECOM's Los Angeles design studio, Andrew Douglas, a social sector policy analyst and advocate on environmental and social justice issues, and Selma Hepp, a senior economist for the California Association of Realtors.


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