Welcome to AECWeekly!
AECWeekly is a news magazine featuring important industry news profiles, a summary of recently published AEC product and company news, customer wins, and coming events. Brought to you by AECCafe.
AECWeekly examines select top news each week, picks out worthwhile reading from around the web, and special interest items you might not find elsewhere. This issue will feature Industry News,Top News of the Week, Alliances/Agreements/Acquisitions, Announcements,New Products, Around the Weband Upcoming Events.
AECWeekly welcomes letters and feedback from readers, so let us know what you think.
Please send me your comments
Susan Smith, Managing Editor
Architecture 2030 in American Cities
By Susan Smith
Several American cities have launched 2030 Districts are forming in great American cities to meet the energy, water and transportation emissions reduction targets called for by Architecture 2030 in the 2030 Challenge for Planning.
Recently Pittsburgh joined Cleveland and Seattle by launching their own Pittsburgh 2030 District.
Pittsburgh has long been known as an industrial center. It is shedding this persona to become a low-carbon, upbeat city, when it joins the emerging 2030 District network. The announcement of a collaborative effort creating a Pittsburgh 2030 District, containing 61 properties and over 23 million square feet in the downtown area, is the most recent effort in this city’s evolution.
Cleveland has launched its own Cleveland 2030 District. This city ranks 14th Best City for Public Transportation. The Cleveland 2030 District evolved from a Sustainable Cleveland 2019 working group that engages citizens creating a self-sustaining greater Cleveland area.
The Green Building Alliance, founded in 1993 and headquartered in Pittsburgh, is leading the Pittsburgh 2030 District. The 2030 Districts were first established in Seattle as unique “private/public” partnerships to create “durabale coalitions focused on creating and maintaining sustainable and resilient urban growth.” This initiative for urban developments sets feasible, long term goals. This 2030 Districts bring together stakeholders such as property owners and managers with architects, planners, businesses, and community stakeholders to use state-of-the-art measurement tools for best practices and strategies aimed at meeting the 2030 Challenge targets.
Further explanation of 2030 Challenge targets is outlined in the blog post below:
October 6th, 2011 by Susan Smith
As part of the recent AIA New Mexico convention, Edward Mazria, founder of the Architecture 2030 Challenge, delivered a keynote recently on the topic, “Architecture on the Brink.”
Mazria said in working backward from the 2030 date, which was a data set by the scientific community, coal energy production will peak and phase out, then the world will get to where it needs to be to stabilize climate.
On an even more hopeful note, nearly 3/4 of the top 30 architecture and engineering firms in the world have adopted the 2030 targets, as have 41 percent of U.S. architecture firms.
In citing what would make design move forward with carbon neutral, Mazria offered changes in glazing, use of air conditioners, good construction, more efficient lighting, appliances, passive solar systems and photovoltaics.
It was not clear in his talk how this would take place, as currently building in the U.S. is not very active. Perhaps he was directing this toward retrofits and building in other nations.
The convention featured more than a dozen seminars on topics including Google SketchUp, innovative building systems and sustainable water systems. Tom Kundig, principal and co-owner of Olson Kundig Architects of Seattle, spoke about “kinetic architecture,” which he says refers to “architecture that can respond to whatever the existing conditions are, cultural or environmental.”
Top News of the Week
Autodesk reported financial results for the second quarter of fiscal year 2013.
Second Quarter Fiscal 2013
- Revenue was $569 million, an increase of 4 percent compared to the second quarter of fiscal 2012.
- GAAP operating margin was 16 percent, compared to 17 percent in the second quarter of fiscal 2012.
- Non-GAAP operating margin was 25 percent, consistent with the second quarter of fiscal 2012. A reconciliation of GAAP to non-GAAP results is provided in the accompanying tables.
- GAAP diluted earnings per share were $0.28, compared to $0.30 in the second quarter of fiscal 2012.
- Non-GAAP diluted earnings per share were $0.48, compared to $0.44 in the second quarter of fiscal 2012.
- Cash flow from operating activities was $107 million, compared to $132 million in the second quarter of fiscal 2012.
Autodesk Inc. will cut more than 500 jobs, the company announced Thursday, the same day it released disappointing financials that sent shares tumbling more than 21 percent.
Autodesk will cut about 520 jobs from its global workforce of more than 7,000 employees amid a shift away from traditional software hosted on individual computers toward mobile and Internet-based computing, company officials said. The company will rehire a similar number of people during the next 12 months.
Company officials declined to specify where the cuts will take place, but employees said at least some will be in San Rafael. – Marin Independent Journal
Design software maker Autodesk Inc.'s ADSK+2.74%fiscal second-quarter profit fell 9.3%, and the company said it plans to reduce its staff in a restructuring effort.
Shares fell 21% after hours to $28.25. Through the close, the stock was up 18% so far this year.
"Our own execution challenges, combined with an uneven global economy, resulted in disappointing revenue results during the quarter," said Chief Executive Carl Bass.
Autodesk lowered its full-year revenue outlook, now expecting growth of 4% to 6%, from its previous estimate of 10% growth.
For the current quarter, the company expects adjusted per-share earnings of 40 cents to 45 cents a share on revenue of $550 million to $570 million. Analysts polled by Thomson Reuters recently projected a profit of 50 cents a share, with revenue of $601 million.
Mr. Bass said that organizational changes within the company slowed results in the latest quarter, but said that the changes better position the company to meet the needs of its customers.
In a restructuring effort intended to shift toward cloud and mobile computing, Autodesk said it will consolidate certain leased facilities, in addition to cutting staff in the near-term. The company anticipates a pre-tax charge of $50 million to $60 million in connection with the restructuring effort, with around $40 million to $45 million of that expected in the third quarter of fiscal 2013. - MarketWatch
Deltek, Inc. announced that it has entered into a definitive agreement under which Deltek will be acquired by leading private equity investment firm Thoma Bravo, LLC in an all-cash transaction valued at approximately $1.1 billion.
Pursuant to the agreement, Deltek’s stockholders will receive $13 in cash for each share of Deltek stock when the transaction closes. The $13 per share offer price represents a 7% discount to Deltek’s stock price on August 24, 2012 and a 24% premium over Deltek’s stock price on June 11, 2012 – the day before Deltek broadly disseminated information on the sales process to interested parties and their respective advisors on a confidential basis. The offer price also represents a 14.6x multiple of enterprise value to Deltek’s trailing twelve months Adjusted EBITDA as of June 30, 2012.
Cadsoft Corporation announced a distribution partnership with BIMage Consulting Pte Ltd, a provider of BIM solutions headquartered in Singapore for the Architecture, Engineering and Construction industry across Asia.
The partnership further extends the global presence of Cadsoft’s award-winning BIM solution, Envisioneer™. Version 8, the latest release of this award -winning software, brings powerful advancements to the rapidly-evolving field of BIM including strategic design enhancements, precision documentation, and productivity gains in on-screen quantity takeoff. As this latest release accelerates Cadsoft’s mission to deliver the easiest to use, most complete BIM solution for the residential design, construction, and building materials supply chain, the partnership with BIMage will introduce the product to a well-established client base in the AEC industry already using BIMage’s revolutionary consulting programs.
You can find the full AECCafe event calendar here.
To read more news, click here.
-- Susan Smith, AECCafe.com Managing Editor.