DETROIT (AP) -- Quicken Loans chief Dan Gilbert says his business umbrella company is buying downtown Detroit's 26-story One Woodward building as he continues to expand his real estate holdings in the area.
The 333,000-square-foot building is in the heart of the city's central business district near the Coleman Young Municipal Center. It was designed by World Trade Center architect Minoru Yamasaki and opened in 1962.
Gilbert says the building is about 60 percent occupied and says that will rise to 90 percent in January when Quicken Loans and related businesses lease eight floors. He didn't disclose the purchase price.
Since January 2011, Gilbert's Rock Ventures has bought 10 buildings with about 2.5 million square feet of office space, as well as two parking garages with 3,500 spaces.
Thursday, May 23 2013 1:30 PM EDT2013-05-23 17:30:30 GMT
The incident forcing the partial evacuation of Detroit Metropolitan Airport for hours one day last month was triggered by law enforcement officials' belief that they'd found an improvised explosive device in luggage.
The incident forcing the partial evacuation of Detroit Metropolitan Airport for hours one day last month was triggered by law enforcement officials' belief that they'd found an improvised explosive device in luggage.
Thursday, May 23 2013 12:28 PM EDT2013-05-23 16:28:22 GMT
One week after appearing via satellite on the American Idol season finale the Queen of Soul has rescheduled next month's planned performance at the DTE Energy Music Theatre.
One week after appearing via satellite on the American Idol season finale the Queen of Soul has rescheduled next month's planned performance at the DTE Energy Music Theatre.
Thursday, May 23 2013 11:48 AM EDT2013-05-23 15:48:50 GMT
Former Detroit Mayor Kwame Kilpatrick is dropping his longtime lawyer. Kilpatrick told a judge Thursday that his relationship with James Thomas deteriorated long before his conviction.
Former Detroit Mayor Kwame Kilpatrick is dropping his longtime lawyer. Kilpatrick told a judge Thursday that his relationship with James Thomas deteriorated long before his conviction two months ago on corruption charges.
Thursday, May 23 2013 10:59 AM EDT2013-05-23 14:59:53 GMT
Bugs are important to our environment and can even tell us about our water quality. That's why dozens on local students have been taking part in bug hunts.
Bugs are important to our environment and can even tell us about our water quality. That's why dozens on local students have been taking part in bug hunts.
Thursday, May 23 2013 7:58 AM EDT2013-05-23 11:58:41 GMT
New U.S. Census Bureau estimates say Detroit's population remained just above 700,000 last year. The figures show Detroit lost residents between 2011 and 2012, but the decline was at a slower pace than in previous years.
New U.S. Census Bureau estimates say Detroit's population remained just above 700,000 last year. The figures show Detroit lost residents between 2011 and 2012, but the decline was at a slower pace than in previous years.
