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Dan Gilbert Snags One Detroit Center in $100 Million Deal, Ally Financial Moves In
Dan Gilbert adds one million square feet of space to its real estate portfolio in Detroit One Detroit center, an iconic office tower on Woodward Avenue, is now officially part of the giant real estate empire owned by Detroit’s own Dan Gilbert, founder and chairman of Quicken Loans Inc. and [...]
Insights on the Transformation of Detroit
For many American cities, the end of 2007 marked the bitter start of what now experts call “The Great Recession”: the collapse of large financial institutions that shattered the economy, freezing investor activity and causing downturns in stock markets. It was a matter of time until all business sectors fell just like dominoes, leading to the loss of millions of jobs throughout the country, cutbacks in consumer spending and the inevitable crash of the housing market.
Gilbert-Owned Companies Snag Two More Office Buildings, Invite Artists to Color Garage Building
Detroit’s filing for bankruptcy is not that big of an obstacle for Dan Gilbert, the second largest private real estate investor in Detroit after General Motors, who seems to be on the right track to control the entire downtown area.
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