Minneapolis - based
Opus Corp. is stuck with maturing construction loans that are threatening to topple three of its five independent operating companies.
Opus Corp., Told Development and Wispark have about 300,000 sq. ft. of office space under construction in Milwaukee, according to The Polacheck Co..
Complicating matters, however, is a lawsuit filed against
Opus Corp. and its various ownership entities — including two family trusts that benefit descendants of founder Gerald Rauenhorst.
«We want to do sustainable development for 100 % of the work that we do,» says Dan Young Dixon, director of national design for Opus Architects and Engineers, a division of Minnetonka, Minn. - based
Opus Corp..
Minneapolis - based
Opus Corp. is scrambling to keep two of its five operating companies, Opus Northwest and Opus North, afloat amid mounting financial challenges.
The banks are suing the trusts because they allege that
Opus Corp. fraudulently transferred money to the trusts that either «resulted in
Opus Corp. becoming insolvent, or were made at a time when
Opus Corp. was insolvent.»
Not exact matches
In e-books Bookeen Cybook
Opus the most often installed screen is ED050SC3 (LF), made by E-ink
corp. (http://www.e-ink.com)
Minnetonka, Minn. - based
Opus Development
Corp. plans to complete the 120 - unit Stadium Village Flats near the University of Minnesota in 2012.
Opus West
Corp. has purchased 15 acres in Houston to develop a 638,000 sq. ft. office warehouse and service center.
«As the economy has picked up over the last couple of years, so have our national numbers,» says Dave Riefe, vice president of real estate at
Opus North
Corp. in Chicago.
Following a 15 - year career of leading both design / build construction projects and managing the development operations in Milwaukee and Chicago for Rauenhorst (now
Opus), Jim McShane establishes his initial company in July 1984, McShane Construction
Corp., a design / build construction firm headquartered in suburban Chicago, Illinois.
In another transaction, First Industrial Realty Trust of Chicago has expanded into the Phoenix market with a $ 45 million purchase of six light - industrial, office / showroom and warehouse properties from
Opus Estates LLC and
Opus West
Corp..