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 8:39 PM EDT2013-05-24 00:39:46 GMT
Army Specialist Jenna Beno bravely fought for our country. Sadly, she died after an attack in Iraq. Thursday, the young soldier was honored during an emotional ceremony in Clarkston.
Army Specialist Jenna Beno bravely fought for our country. Sadly, she died after an attack in Iraq. Thursday, the young soldier was honored during an emotional ceremony in Clarkston.
Friday, May 24 2013 7:06 AM EDT2013-05-24 11:06:50 GMT
Officials say the Detroit Institute of Arts' collection could be sold to help satisfy creditors if the financially troubled city of Detroit seeks bankruptcy protection.
Officials say the Detroit Institute of Arts' collection could be sold to help satisfy creditors if the financially troubled city of Detroit seeks bankruptcy protection.
Friday, May 24 2013 6:47 AM EDT2013-05-24 10:47:05 GMT
Jimmy Howard stopped 25 shots as the Red Wings beat the Chicago Blackhawks 2-0 on Thursday night in Game 4 of the second round series to put the NHL's best team during the regular season on the brink of elimination.
Jimmy Howard stopped 25 shots as the Red Wings beat the Chicago Blackhawks 2-0 on Thursday night in Game 4 of the second round series to put the NHL's best team during the regular season on the brink of elimination.
Thursday, May 23 2013 9:21 PM EDT2013-05-24 01:21:55 GMT
The mountains of petroleum coke along Detroit's riverfront continue to grow. Now lawmakers are saying the stuff has to go as the story gets national attention.
The mountains of petroleum coke along Detroit's riverfront continue to grow. Now lawmakers are saying the stuff has to go as the story gets national attention.
Thursday, May 23 2013 8:53 PM EDT2013-05-24 00:53:47 GMT
Anna Bailey was walking back from the gas station Thursday morning when she found 16-year-old Emonte Davis lying in the middle of the sidewalk on Sharon Street. He had been shot in the chest, and she tried to help.
Anna Bailey was walking back from the gas station Thursday morning when she found 16-year-old Emonte Davis lying in the middle of the sidewalk on Sharon Street. He had been shot in the chest, and she tried to help.
Thursday, May 23 2013 7:38 PM EDT2013-05-23 23:38:56 GMT
Kwame Kilpatrick, now a convicted felon, officially fired his longtime attorney Jim Thomas on Thursday. It's a move that will delay the former mayor's sentencing.
Kwame Kilpatrick, now a convicted felon, officially fired his longtime attorney Jim Thomas on Thursday. It's a move that will delay the former mayor's sentencing.
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