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One of the Valley’s largest and most influential developers is considering bankruptcy as its construction debt continues to mount.
Phoenix-based Opus West Corp., the Valley’s second-most-prolific commercial builder in 2008 after retail giant Vestar Capital Partners, confirmed Friday that it has hired an attorney to “explore restructuring options.”
Because of its size and long history, Opus West is considered a bellwether of the local commercial development industry.
Right now, that industry is in serious trouble. more…