Opus Streamlines, Rolls Up $300M of Assets

MINNETONKA, MN-Opus Design Build LLC, a subsidiary of Opus Holding LLC, has acquired $300 million in construction and design-build assets of Opus Northwest LLC and Opus Northwest Construction LLC. The deal does not include three million square feet of projects or land being developed by the Northwest entities. There’s a bidder for the remaining properties, but Opus officials would not comment on the interested firm.

Northwest had offices in Denver, Kansas City, MO, Portland, WA, Seattle and St. Louis. The division was restructured last year to act on emerging opportunities such as completing or redeveloping distressed properties, third-party construction and build-to-suit projects, shifting its focus to fee-based engagements and project workouts and away from spec buildings and large-scale projects