ROCKVILLE, MD—Opus East, one of the largest developers in the Washington, D.C., metro area, filed for Chapter 7 bankruptcy protection in July. The company is currently liquidating assets, consisting primarily of office, industrial and mixed-use projects in the mid-Atlantic region.
Marshall Burton, executive vice president at Rockville, Md.-based Opus East, said the financial condition of Opus East has been adversely affected by general real estate and credit market conditions, and has been exacerbated by the National Oceanic and Atmospheric Administration Center for Climate and Weather Prediction project.