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Opus Group closing Denver office, opening regional headquarters By Margaret Jackson The Denver Post

Opus selected Denver as the regional headquarters for Opus Development Corp. as the market is poised for recovery.

Opus Group closing Denver office, opening regional headquarters

By Margaret Jackson

The Denver Post

The Opus Group of Minneapolis is closing a Denver office while simultaneously opening a new regional headquarters for its development group here.

Opus Northwest is winding down operations, but Opus Development Corp. is rehiring the team that ran Opus Northwest. It has recruited commercial-real-estate veteran Marshall Burton from McWhinney, where he spent the past year as vice president of real- estate development.

Joining Burton is Celeste Tanner, who worked with him at McWhinney and Opus Northwest. With Burton and Tanner, Opus Development has a total of 10 people working at its offices in the Denver Tech Center.

Burton ran Opus Northwest before he left for McWhinney. Opus Northwest recently sold the condos it had remaining at the Pinnacle at City Park South. It still has a handful of condos in Lower Downtown.

Opus selected Denver as the regional headquarters for Opus Development Corp. as the market is poised for recovery.

Opus Development will focus on developing buildings for specific clients, building apartments and buying existing buildings. “We’re bullish on the recovery of the leasing market,” Burton said.

Burton returned to the Denver office of Opus Northwest in the fall of 2009, taking over for John Shaw when Shaw left to join McWhinney. Prior to that, Burton worked for Opus East LLC in Washington, D.C., a job he took after a previous stint leading the Denver office of Opus Northwest.

Burton joined Opus in 1996 after serving as associate director of the Downtown Denver Partnership Inc., where he was responsible for business-development initiatives. Also, he co- founded Denver Capital Corp., a multibank community-lending organization.

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