You’ve grown your business from scratch, seen success, but what now? For solo practitioners, it’s a nagging question. Whether or not you’re close to retirement, what happens to your firm? Does it disappear? How does it carry on without you? Today we begin explore ownership transitions and one firm’s experience. We start with a conversation with its founder; the second part will focus on the new team in place and their plans for the firm’s next chapter.
Nadel Architects’ creation story starts out as so many often do: A talented young person starts a company out of a house. In this case, the year is 1973, and the house is just outside Los Angeles. Through hard work, patience and skill, the founder, Herb Nadel, expands the business, transforming it into a highly regarded practice with a robust portfolio of local and international projects—everything from stadiums in China to hotels in Los Angeles and Chicago.