SEARCH IN BRIEF

 
Large US practice shuttered

Cubellis, a large architecture practice headquartered in Boston with offices worldwide, is shutting its doors. The cause, says firm founder Leonard Cubellis, was the firm’s inability to get a line of credit from its bank to make payroll. Sovereign Bank, the bank in question, confirmed the report and in a prepared statement said it is, “constantly evaluating the levels of risk in its loan portfolio and making adjustments as needed based on prudent lending practices”.

News of the company’s closure was broken to employees on the eve on American Thanksgiving via email. Cubellis, which has been in business since 1986 and has offices throughout the US and one in Dubai, leaves 170 people out of work.

Before news of the closure was announced, Cubellis had been winning commissions left and right and, as recently as November, had landed a commission to design a new headquarters for Sun National Bank in New Jersey. The practice is now making plans to transition its clients.

Sharon McHugh
US Correspondent

IN BRIEF
Monday 14 December 2009
Longo Park Design Workshop's Jay Longo and Jennifer Park to join Forum Studio
Wed 23 Jul 2014
Three experts in sports design relocate from HKS Sports (Dallas) to Gensler
Wed 23 Jul 2014
"Are transport destinations the next typology?"
Tue 22 Jul 2014
Blaze in Lotus office tower (Andheri) kills fireman
Tue 22 Jul 2014
Willem van Genugten appointed Associate Director at (Designed by) Erick van Egeraat BV
Fri 18 Jul 2014
Nine employees at Pringle Brandon Perkins+Will promoted to Associate Principal level
Fri 18 Jul 2014
Aurecon has announced two major appointments in its South African division
Fri 18 Jul 2014
AECOM acquires URS Corporation
Wed 16 Jul 2014