Nick Walton co-founded (2005) and co-owned Minneapolis-based CPM Companies, which became one of the region’s busiest developers of new apartments. Now Walton will lead Reuter Walton Development, a new division of Minneapolis-based Reuter Walton Companies. (CPM is unwinding, but will continue projects under construction and in the pipeline.) The company offers commercial and residential construction and restoration services; the new division will focus on development. Walton is seeing strong growth in the construction business by tackling third-party work for other developers. Given his track record, the future looks bright for Nick Walton.