Opus NW on the block?

Real-estate firm Opus Northwest may go up for sale, but is exploring other options.

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Real-estate company Opus Northwest has hired a Chicago firm to “explore options for recapitalizing.”

The company’s options include selling off some of its assets, a capital infusion or a joint venture. In the meantime, it plans to keep its Portland and Seattle offices open.

[Tom Parsons, Opus Northwest senior vice president], said that he doesn’t expect the firm to shut down or be sold outright, but it needs money.

“There’s a high probability of a successful recapitalization of the company,” he said. “That means moving forward, but with new money.”

Read the full story at the Daily Journal of Commerce.

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