Apartment News From Opus Northwest
Opus Northwest, a large developer of multifamily properties, plans a major shift over the next few years mainly due to current economic conditions. As unemployment numbers continue to increase, many owners and developers fear that newly constructed units will not be absorbed by the market and could lead to higher than anticipated vacancy figures. Local Opus Northwest projects include Ladd (downtown) and Park 19 (NW Portland). To read more on this topic, please follow the Daily Journal of Commerce Article link below.
Opus Northwest, L.L.C., a member of The Opus Group, is a full-service design-build development firm serving the northwestern region of the United States. Headquartered in Minneapolis, the company has additional offices in Denver, Kansas City, Portland, Seattle, and St. Louis. With in-house expertise in office, industrial, retail, multifamily, government, and institutional projects, Opus Northwest has developed more than 84.8 million square feet of space since starting operations in 1953. (http://www.opuscorp.com/)
Daily Journal of Commerce Article: http://www.djcoregon.com/articleDetail.htm/2009/05/14/Opus-Northwest-shifts-gears-in-recession-Firm-will-finish-current-developments-then-focus-on-constru