Build Failed with "Catastrophic failure" when using DevEnv command switch

C:\Program Files (x86)\Microsoft Visual Studio 11.0\VC>devenv "Q:\TFS\ProjectName\Dev-1\Source\MySolution.sln" /build "Debug|Mixed Platforms" /project "Cube\MyCube.dwproj" /projectconfig Development

Microsoft (R) Microsoft Visual Studio 2012 Version 11.0.60315.1.
Copyright (C) Microsoft Corp. All rights reserved.
Error: Catastrophic failure (Exception from HRESULT: 0x8000FFFF (E_UNEXPECTED))
========== Build: 0 succeeded or up-to-date, 1 failed, 0 skipped ==========

Microsoft Visual Studio Ultimate 2012
Version 11.0.60315.01 Update 2
Microsoft .NET Framework
Version 4.5.50709

SQL Server Analysis Services   
Microsoft SQL Server Analysis Services Designer 
Version 11.0.3360.12

SQL Server Data Tools   11.1.21208.0
Microsoft SQL Server Data Tools

SQL Server Integration Services   
Microsoft SQL Server Integration Services Designer
Version 11.0.3360.12

SQL Server Reporting Services   
Microsoft SQL Server Reporting Services Designers 
Version 11.0.3360.12