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Architecture for Humanity closes office, files for bankruptcy

BD+C

After more than 15 years of work, the nonprofit design group Architecture for Humanity has closed its San Francisco office and plans to file for Chapter 7 bankruptcy protection, The New York Times reported. As of Jan. 1, all of its roughly 30-employee staff was laid off. An official announcement is yet to be made.

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Architecture for Humanity closes office, plans to file for bankruptcy

BD+C

After more than 15 years of work, the nonprofit design group Architecture for Humanity has closed its San Francisco office and plans to file for Chapter 7 bankruptcy protection, The New York Times reported. As of Jan. 1, all of its roughly 30-employee staff was laid off. An official announcement is yet to be made.

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Architecture firms struggling from Boston to Wichita

PSMJ Resources

Two articles that came out last week in The Boston Globe and the Wichita Business Journal talked about the fate befalling most architecture firms these days, the struggle to keep the doors open while projects are few and far between. slow down work during the recession or even file for bankruptcy in the case of mall owner General Growth.

Wichita 45
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Rough weekend for Modern Continental

PSMJ Resources

Fast-forward to earlier today, when Modern Continental filed for Chapter 11 bankruptcy protection, according to the Boston Business Journal. and Architectural Paving as its two largest unsecured creditors, holding claims of $9.9 The company denied the accusations in a statement issued Friday night. The company listed URS Corp.

Boston 40
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Architect's Consent to Assigment

Construction Lawyer

What if the borrower defaulted because it ran out of money and was left with no other choice but to file for bankruptcy protection? How can the architect get paid if the borrower has filed for bankruptcy protection? The short answer is that the architect will not get paid. This gives the architect substantial bargaining power.

Banking 45
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Have we reached the point when the AEC industry starts redesigning fast-food menu items?

PSMJ Resources

Some people may feel that way after seeing the latest figures from the American Institute of Architects' Architecture Billings Index. As anyone who practices in the AEC industry, or follows this space, will tell you, things have been bleak since fall 2007.

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About epiphanies — and discovering amazing answers

Construction Marketing Ideas

Then, as my new publishing business seemed to be failing and I was sinking into personal bankruptcy (with a property ‘under-water’ essentially I had negative net worth), I thought: “I’m responsible for myself, and I will have to solve these problems without blaming myself or anyone else.”. It never hurts to dream.