WWCOT to DLR: Merger Mania

West
Tuesday, February 23, 2010
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WWCOT's Indio Teen Center

We learn via email today that  California firm WWCOT has been taken over by midwest mega-firm DLR Group. WWCOT’s offices in LA, Modesto, Palm Springs,  Riverside, and Shanghai will be known as DLR Group WWCOT. The merger, says 500-person DLR, will give the firm a needed presence in California and Asia, and improve its education, healthcare, and senior community design. Like most businesses, architecture’s biggest firms are interested in the takeover, which gives them more geographic reach, more talent, and more clients. This move follows behemoth firm AECOM’s purchase last October of Ellerbe Becket, and in 2007 RMJM’s purchase of Hillier, and Arcadis’ purchase of RTKL. According to a 2009 survey by business management consultant ZweigWhite, Seventy-one percent of architecture, engineering, and environmental consulting firms plan to conduct a merger or acquisition in the next five years. Sounds high, but maybe there will be one giant firm running all of architecture the next time we check?

The Final Slam Dunk?

East, East Coast
Tuesday, December 15, 2009
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Forest City Ratner successfully sold bonds today, paving the way for construction of its new arena in Brooklyn.

Forest City Ratner successfully sold bonds today, paving the way for construction of its new arena in Brooklyn.

There may be a few hoops left to jump through before Bruce Ratner can begin construction of his SHoP- and Ellerbe Becket-designed arena for the Brooklyn, New Jersey, Nets, such as completing a partial sale of the team to a Russian oligarch, prevailing in some outstanding lawsuits, and going ahead with eminent domain against the area’s remaining holdouts. But the developer appears to have cleared the final major hurdle standing in his way with the successful sale of $511 million in tax-exempt bonds today for his $900 million arena. (There are still taxed bonds and an equity stake to be taken care of, but they lacked the December 31 deadline.) Read More

SHoP-ing for a Fight

East
Monday, September 14, 2009
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SHoPs new Barclays Center will be debated at a public hearing tonight in Brooklyn at 6 oclock. (Courtesy Forest City Ratner)

SHoP's new Barclay's Center will be debated at a public hearing tonight in Brooklyn at 6 o'clock. (Courtesy Forest City Ratner)

SHoP’s new designs for the Barclay’s Center at Bruce Ratner’s Atlantic Yards site has probably gotten the firm more attention than any of its previous ones, including its rather controversial plans for Pier 17 at the South Street Seaport. Today, Develop Don’t Destroy Brooklyn penned an open-letter to the firm, calling out “Mr. Sharples, Mr. Sharples, Ms. Sharples, Ms. Holden, and Mr. Pasquarelli” for signing on to “a very contentious and troubled project that faces widespread resistance from the communities it would impact—and well beyond.” Meanwhile, “Mr. Pasquarelli” sat down with the Observer to, uh, talk shop on the project and defend his firm’s involvement in the project: “We gave serious consideration as to whether we wanted to do it. And I think the thing that convinced us was, after speaking with Bruce, we were convinced he really wanted to make a great building.” SHoP and Barclay’s collaborator Ellerbe Becket will be discussing their new designs at a special hearing in Brooklyn tonight at 6 o’clock, as will DDDB, no doubt—and us. If you can’t make it for the fireworks, we’ll recount them here for you tomorrow. Or follow us on Twitter, where we’ll be live-blogging the main event.

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