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
Japan's Maglev reaches speeds of 500km/ph
Fri 21 Nov 2014
Hawkins\Brown-designed hybrid timber tower tops out in London
Fri 21 Nov 2014
Work starts on Chipperfield's Palais Varnhagen
Thu 20 Nov 2014
AC Martin Partners releases statement on the passing of Kenneth Lewis
Thu 20 Nov 2014
Build your own 3D printer with weekly magazine
Wed 19 Nov 2014
Rotterdam wins Best City in Europe Award
Wed 19 Nov 2014
Robert Boell to relocate from Gensler to Darling Associates
Wed 19 Nov 2014
Mouzhan Majidi to join Zaha Hadid Architects
Wed 19 Nov 2014