Dubai to hold property roll out as Emaar, Nakheel merger denied | Dubai Property

AMEInfo.com reports

”The Dubai government has indicated that it is looking at holding down the roll out of upcoming housing units to steady the emirate’s real estate market. The announcement comes as the authorities also denied that a rumoured merger between the city’s two biggest developers, Emaar and government-owned Nakheel Properties, was on the cards.”

SOURCE: AMEinfo.com – Dubai to hold property roll out as Emaar, Nakheel merger denied

WSP GROUP USA TAKES TOP HONORS IN ANNUAL “HOT FIRMS” COMPETITION

WSP Group USA has been ranked No. 1 on the authoritative ZweigWhite list of fastest-growing engineering, environmental and architecture firms for 2008. This award reflects the firm’s consistent growth and success at outperforming the economy and their competitors to become market leaders.

WSP Group USA provides a broad range of speciality services to the energy, environmental, real estate, transportation and infrastructure sectors through four operating units: WSP Flack + Kurtz, WSP Cantor Seinuk, WSP SELLS and WSP Environment & Energy.

[SOURCE: Ewire.com – WSP GROUP USA TAKES TOP HONORS IN ANNUAL \HOT].

Stantec purchases Jacques Whitford

“North American design firm Stantec announced today it has offered to acquire Jacques Whitford, an environmental consulting services firm with more than 1,700 employees and 40 offices principally in Canada. The company’s trailing twelve month gross revenue is approximately C$230.0 million and net revenue is about C$170.0 million.

“Jacques Whitford is a leading provider of environmental management, remediation, and geotechnical engineering services and their addition will significantly strengthen our core capabilities in our Environment practice,” says Tony Franceschini, Stantec President & CEO.

[SOURCE Stantec]

Construction slump forces architecture firms to cut jobs – JSOnline

JSonline reports that

“The recession and credit crunch, which have killed plans for new condominiums, hotels and other projects, are forcing some Milwaukee-area architectural firms to cut jobs.

In recent weeks, Kahler Slater Architects Inc. and Eppstein Uhen Architects Inc. have eliminated 20 positions and 15 positions, respectively. Other firms have made smaller trims as they deal with declining work from developers and other clients.”

SOURCE: JSOnline.com – Construction slump forces architecture firms to cut jobs

As cash slows, developers face challenges – The National Newspaper

“As sales of new homes and villas slow to a near-halt, developers are struggling with a situation that would have been unthinkable just a year ago: no cash flow.” – UAE

SOURCE: The National Newspaper – As cash slows, developers face challenges

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