PHOENIX, (September 3, 2026) – Opus has announced that Kevin Curley has been promoted to vice president and general manager of real estate development in their Phoenix office, strengthening their leadership in Arizona as they continue to expand their presence across the western United States.

In his new role, Curley leads Opus’s Phoenix-based development team and oversees all Arizona operations. His promotion comes as Arizona continues to attract investment and development activity, particularly in multifamily and advanced manufacturing, technology and semiconductor-related industries.

Opus is a national leader in commercial real estate development and construction with nine offices and projects across the country. The company’s continued growth in Arizona and other western markets supports their strategic plan, announced in 2025, which prioritizes geographic expansion and investment in markets where Opus sees opportunities to build on their integrated development, design and construction capabilities.

“Kevin has been instrumental in the growth of our Phoenix operations and has demonstrated the experience, leadership and collaborative approach needed to lead a growing organization,” said Larry Pobuda, executive vice president of real estate development with Opus. “We continue to see significant opportunities in Arizona and across the western United States. Kevin is exceptionally well positioned to lead our team in Phoenix as we build on the momentum we have established and pursue the next phase of growth.”

Curley joined Opus in 2025 with 10 years of finance and development experience, a deep commercial real estate network in Phoenix, expertise in risk management and a reputation for being a trustworthy and collaborative team player. Over the past year, he has contributed to several noteworthy Opus projects, including 59Bell Technology Park, Envision 56 and Ari on Fourth and helped position the company for continued growth in one of the country’s most active commercial real estate markets.

“Arizona continues to offer tremendous opportunities, and Opus is well positioned to meet the needs of companies expanding and investing in the region,” said Curley. “We have a talented team in Phoenix and the benefit of being able to bring development, design and construction expertise together from the earliest stages of a project. I’m excited to lead our team as we continue to grow our presence in Arizona and contribute to Opus’s expansion across the West.”

Curley’s promotion is one of four in Opus’ western markets. Additional promotions include Eric Chamberlin to the newly created position of vice president and general manager of real estate development and Jaymes Kralicek and Nick Lauters each to vice president of construction, all in Denver. Together, these leadership changes strengthen Opus’s ability to pursue opportunities in two of the company’s key western markets as population growth and expansion in industries including advanced manufacturing and technology continue to create demand for new commercial real estate.

Opus is a group of commercial real estate development, design and construction companies headquartered in Minneapolis with offices and projects across the country. Opus operates as a vertically integrated multidisciplinary team with expertise in development, capital markets, finance, project management, construction and architectural services. Opus includes Opus Holding and its operating subsidiaries: Opus Development Company, Opus Design Build and Opus AE Group. Specializing in industrial, multifamily residential, office, retail and institutional projects, Opus offers the unique combination of a design-build project delivery approach driven by a client-centered team of experts and backed by enduring commitment to the community.

For more information, visit www.opus-group.com and follow Opus on LinkedIn and Instagram.

TUCSON, Arizona (Sept. 2, 2026) — Union Financial Management Services LP of Tucson and additional purchasers acquired the Rita Road Cultivation Center at 8000 S. Rita Road in southeast Tucson for $6.48 million. The seller was Jensen Investments LLC of Ankeny, Iowa.

The transaction closed August 25, 2026. The purchase price equates to approximately $163.12 per square foot for the 39,726 square feet of improvements.

Built in 2019, the metal industrial facility occupies a site of 15.74 acres in the Rita Ranch area. Its warehouse and office space were designed and built for indoor medical marijuana cultivation and production.

The facility was developed as part of the Tucson Cannabis Campus. In an October 2019 project update, Tucson contractor Kappcon reported completing an indoor cultivation center of approximately 40,000 square feet in partnership with David Shambach and George Roop.

Source: see RED Comp #12680.

Fast-growing drive-thru coffee chain 7 Brew has emerged as the successful bidder for 73 former Salad and Go locations, offering approximately $143.2 million for the sites after Dutch Bros declined to increase its competing $105 million offer.

PHOENIX, ARIZONA (Sept. 2, 2026) — Dozens of former Salad and Go drive-thru restaurants could soon become 7 Brew coffee stands following a bankruptcy auction that gives the rapidly expanding coffee chain a major new presence across Arizona and three other states.

Arkansas-based 7 Brew was named the successful bidder for 73 Salad and Go locations with an offer of approximately $143.2 million, according to bankruptcy court filings.

The portfolio includes locations in Arizona, Texas, Nevada and Oklahoma, with Arizona accounting for the largest share of the properties.

The transaction is not yet final. A hearing on the proposed sale is scheduled for September 21 before U.S. Bankruptcy Judge Alfredo R. Pérez in the U.S. Bankruptcy Court for the Southern District of Texas.

The auction represents a significant change from the deal contemplated when Salad and Go filed for Chapter 11 bankruptcy protection on August 4.

At that time, Tempe-based Dutch Bros Coffee had agreed to acquire the real estate interests and leases associated with as many as 65 Salad and Go locations for approximately $105 million.

7 Brew subsequently challenged the transaction and submitted competing offers, ultimately prompting an auction between two of the fastest-growing drive-thru beverage companies in the country.

Dutch Bros elected not to submit a higher bid.

“New shop growth is one of the most important drivers of our long-term strategy, and we remain highly confident in our path to 2,029 shops in 2029,” Dutch Bros President and CEO Christine Barone said in a company statement.

Barone said Dutch Bros remained committed to disciplined capital allocation and determined that increasing its original offer did not provide the return the company was seeking.

The decision opened the door for 7 Brew to take control of the portfolio, subject to bankruptcy court approval.

For 7 Brew, the acquisition would provide an unusually large block of existing drive-thru real estate in markets where suitable sites have become increasingly competitive.

The company has grown from approximately 40 locations at the end of 2022 to more than 800 locations nationwide and has become one of the country’s fastest-growing drive-thru beverage concepts.

7 Brew already has a small Arizona presence, with two locations in Tucson and one in Queen Creek, according to the company’s location directory. Acquiring the Salad and Go portfolio would dramatically expand that footprint.

The approximately $143.2 million winning offer equates to nearly $2 million per location on average, although the portfolio includes a combination of real estate interests and leasehold rights and individual site values vary substantially.

Salad and Go abruptly closed its remaining restaurants on August 5, one day after seeking Chapter 11 bankruptcy protection.

The Arizona-founded company, which began in Gilbert in 2013, had expanded to more than 140 locations at its peak before retrenching from several markets.

Its bankruptcy proceedings now include efforts to sell or assign numerous restaurant properties and leases to raise funds and eliminate ongoing obligations.

The 73-location package awarded to 7 Brew represents only part of Salad and Go’s real estate portfolio. Additional locations and leases are expected to be addressed separately through the bankruptcy process, potentially giving Dutch Bros and other operators another opportunity to acquire former Salad and Go sites.

If approved by the court, the 7 Brew transaction would also illustrate the increasing value of small-format drive-thru real estate, particularly sites that already have the access, circulation, entitlement and infrastructure needed for high-volume beverage concepts.

For operators such as 7 Brew and Dutch Bros, acquiring existing drive-thru sites can provide a much faster path to market than developing new locations from the ground up.