I like the simple, clean design.

Your text is too small. Your logo and navigation are in the wrong place: they should be at the top of the page, not the bottom. Why? Convention. Conventions make websites easy to use. On 800*600 resolution, none of your navigation is visible without scrolling.

In particular, the navigation is very hard to spot. I thought at first that your site had only one page!

Well done for writing valid, Strict code. It's a pleasure to see someone using <dl>s as a title/content pairing method; but in this example, surely the items are structural headings. Here's the structure you should have:

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<h1>Block Architecture</h1>

<h2>News</h2>

<h3>October 2007</h3>

<p>Block Architecture were shortlisted...</p>

<dd>s should not be used as a replacement for paragraphs. Inside a <dd>, you may include <p> elements. And this code is just terrible:

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<dd>&nbsp;</dd>

This is a novel variation of the usual "<p>&nbsp;</p>" rubbish. Use CSS margins or padding instead.