Cubellis, a top-earning international architecture and engineering firm headquartered in Boston, has closed. The 23-year-old firm, which has 12 offices, including one in Dubai, told its employees of the shutdown the day before Thanksgiving, according to the Boston Business Journal, which first reported the news. In 2008, the firm came in 60th out of the U.S.’s 250 most-successful firms, with revenues of $51 million, according to a survey by Architectural Record. The immediate cause of the closure was Sovereign Bank’s denial of a key line of credit, which made the firm unable to pay the salaries of its 170 employees,
A coalition of 23 construction organizations has endorsed a new document meant to aid project teams on green-building projects. The “ConsensusDOCS 310 Green Building Addendum,” released on November 11, is intended to define, clarify, and establish the relative roles and responsibilities needed to successfully deliver a green-building project, explains Brian M. Perlberg, executive director and senior counsel with Virginia-based ConsensusDOCS. Founded in 2007, ConsensusDOCS is a national coalition of associations representing diverse interests in the construction industry, such as designers, owners, contractors, subcontractors and surety professionals. The groups work together to develop and promote standard-form construction contracts. The new green-building
After years of rumors, speculation, and rhetorical jousting, the George W. Bush Presidential Center is finally public. Former first lady Laura Bush and architect Robert A.M. Stern unveiled the final design November 18 at Southern Methodist University, Mrs. Bush’s alma mater and the center’s future home.
U.S. Markets to Watch: Commercial/Multifamily Development Click on Graphs to View Larger + Data courtesy Urban Land Institute/PricewaterhouseCoopers Development 1= Abysmal, 5=Fair, 9=Excellent A recent report by the Urban Land Institute and PricewaterhouseCoopers projects that most development sectors will not recover until 2012 or even 2013. The office, industrial, retail, and hotel sectors will all fare poorly, according to the study, which was released November 5 during the ULI’s annual conference in San Francisco. But the report offered hope to some. It said that niche sectors including medical, senior housing, and student residences could buck the otherwise dire trend, and
Photo courtesy Wikipedia NYC Mayor Bloomberg has announced a 30-point plan to bolster the region's green economy. Related Links: Buildings Figure Large in PlaNYC NYC and London Ponder Long-Term Sustainability Mayor Blooomberg Promotes Congestion Pricing As an expansion of PlaNYC, the sustainability plan of New York City, Mayor Bloomberg has announced a 30-point proposal to bolster the region’s green economy. Programs will aid green businesses and provide training for 13,000 new jobs, doubling the workforce in the green sector over the next decade, according to the mayor. Four areas of focus will foster this growth: green buildings, onsite renewable energy,
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