The Opus Group® Names Derek Flottum Vice President, Real Estate Development in Phoenix

The Opus Group® (Opus) has named Derek Flottum vice president, real estate development for Opus Development Company, L.L.C. Flottum will be helping advance Opus' Phoenix-area industrial and multifamily pursuits – from new site identification, financial structuring, construction and ultimately, to project completion.

“The markets served by our Phoenix office have tremendous opportunities for multifamily and industrial development," said Larry Pobuda, executive vice president & general manager, Opus Development Company, L.L.C. “I'm pleased to have Derek join our development team in Phoenix. His overall market knowledge and relationships will serve the company, our clients and partners well."

Flottum brings more than 20 years experience in real estate development and banking to his new position with Opus. He was most recently vice president of development and Arizona market manager for Irgens, where he oversaw notable Arizona projects such as 999 Playa in Tempe and 17300 Perimeter in Scottsdale. Previously, he was acquisitions manager for Crown Development, president of Enterprise Bank & Trust and vice president of capital markets for M&I Marshall & Ilsley Bank.

“I am excited to join the team of experts at Opus," Flottum said. “The company has an outstanding reputation and has built an impressive portfolio of work in Arizona."

An active member of the Arizona NAIOP Chapter, Flottum was elected to the board of directors in 2019 and selected for the chapter's executive committee in 2021. He also is an active member of the Scottsdale Charros and previously served for 10 years on the board of trustees for Homeward Bound in Phoenix.

Flottum has a master's degree in business administration from the W.P. Carey School of Business at Arizona State University and a bachelor's degree in business administration from the University of Wisconsin-Eau Claire.

About The Opus Group:

The Opus Group®​ is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit and follow @TheOpusGroup on Twitter and Instagram.