Tag Archives: Larry Pobuda

Lawrence Pobuda, Photo by Brandon Stengel | farmkidstudios.com

The Opus Group Opens Phoenix Office, Appoints Lawrence Pobuda as Senior Vice President

The Opus Group (Minneapolis) announced today it is opening an office in Phoenix and has hired 26-year industry veteran Lawrence (Larry) Pobuda as senior vice president and general manager of Opus Development Company, L.L.C.

“We see significant growth potential in Phoenix, particularly in the sectors in which we have expertise,” said Tim Murnane, president and CEO of Opus Holding, L.L.C. “We’re committed to establishing a long-term presence in the Phoenix market, and with Larry’s tenure and highly-regarded reputation, he is an excellent addition to our team as we launch our presence in this area.”

In his new role, Pobuda will pursue new business opportunities in the Phoenix market across a variety of sectors, including office, industrial and residential.

“I’m thrilled to join Opus and its talented team of commercial real estate professionals,” said Pobuda. “Opus continues to see strong activity across sectors, and with a unique integrated design-build approach they have deep expertise and a strong listing of products and services to offer in this market.”

Pobuda comes to Opus from Transwestern, where he was senior vice president of capital markets. He was also co-founder and partner of Stewart Lawrence Group, a Minneapolis-based investment firm specializing in office, industrial and residential assets. Previous professional experience also includes United Properties and Trammell Crow Company.

Lawrence Pobuda earned a Bachelor of Arts from Michigan State University and completed his MBA in marketing and finance at Northwestern University. Pobuda is a member of NAIOP, the Commercial Real Estate Development Association, and served as the chairman of the national board of directors of 2010 and is a past president of the Minnesota chapter.

Relocation, Relocation, Relocation: How Executives Move to New Markets

By Kurt Schellenbach



Larry Pobuda

Larry Pobuda

All real estate is local. Or is it? In an industry where markets compete nationally and trends move globally, professionals are increasingly crossing geographic borders. So what are the best ways to successfully relocate from one part of the country to another?

A good case study is the recent move of Lawrence (“Larry”) Pobuda to Phoenix. In June, Pobuda was named senior vice president at Transwestern after leaving Minneapolis where he was most recently a partner at Stewart Lawrence Group, and was previously Senior Vice President at United Properties/NorthMarq. He had been based in Minneapolis for 24 years. But he was not new to Phoenix.

My move started with a personal connection to Phoenix,” says Pobuda. “We have family living here, and my wife and I bought a vacation home in 1999. So we have spent the last 14 years loving the area.”

Pobuda has crossed professional borders as well. The Transwestern position attracted him because its flexibility – interfacing between the realms of development, investment and brokerage – mirrored the multiple roles he performed up north.

At United Properties we emphasized geographic expansion,” he says. “As far back as 2004 I had been considering a move to Phoenix.”

Pobuda operated on a larger stage again in 2010 when he was appointed National Chair of the NAIOP trade organization. With NAIOP active in 55 markets, Pobuda observed best practices from many cities, participating in dozens of industry events and expanding his professional network.

It’s important to understand how people compete differently in, say, San Francisco as opposed to Boston. And serving on the national board, I got to meet even more people from Phoenix.”

When Larry decided to relocate for good, he immersed himself in Phoenix: “I met 75 individuals in four months. One meeting led to the next. It was informational, and very valuable.”

Pobuda also put boots on the ground: “It was driving, walking properties, touring buildings, talking to everyone I came across. That’s how I got the lay of the land, especially peering into the patterns of growth in the Chandler/Tempe region, along with North Scottsdale and the Camelback Corridor, which is getting more and more attention from national companies.”