dan gilbert http://michiganradio.org en Businessman Dan Gilbert's real estate arm buys newspaper building http://michiganradio.org/post/businessman-dan-gilberts-real-estate-arm-buys-newspaper-building <p>DETROIT (AP) - Businessman Dan Gilbert's real estate arm says it's bought the home of The Detroit News and the Detroit Free Press.</p> Fri, 27 Jun 2014 23:56:04 +0000 The Associated Press 18196 at http://michiganradio.org Businessman Dan Gilbert's real estate arm buys newspaper building JPMorgan comes to Detroit with $100M plan, and gets a warm welcome http://michiganradio.org/post/jpmorgan-comes-detroit-100m-plan-and-gets-warm-welcome <p><span style="line-height: 1.5;">Global financial giant JPMorgan Chase is bringing Wall Street money to the Motor City.</span></p><p>JPMorgan CEO Jamie Dimon formally unveiled his company’s plans to put $100 million into a range of targeted initiatives at a Detroit luncheon Wednesday.</p><p>Dimon called the effort a “long term investment” in a rebounding city.</p><p>“We believe in Detroit’s future, and we want to see the city recover its economic strength,” said Dimon.</p> Thu, 22 May 2014 10:00:00 +0000 Sarah Cwiek 17710 at http://michiganradio.org JPMorgan comes to Detroit with $100M plan, and gets a warm welcome Selling a billionaire a jail http://michiganradio.org/post/selling-billionaire-jail <p></p><p>If you’ve been following what’s been going on in Wayne County government, you may be either scratching your head or banging it against the wall. There was the case of the country employee who got a two hundred thousand dollar severance to move from one well-paid job to another running the airport, something for which she had no experience. Eventually she was fired, but they then had to pay her another seven hundred thousand.</p><p>Then, there is the jail. County Executive Robert Ficano and the Wayne County Commissioners decided they needed a new one. Unfortunately, they apparently decided to allow the contractors and subcontractors to approve their own cost overruns. In June, the half-built jail was so far over budget that the county canceled the project, meaning taxpayers are out $155 million dollars.</p><p>You would think the people who approved this project would either be arrested or at least forced to resign in disgrace. But no, they’re at it again. Last night I was on a television show with Kevin McNamara, one of the commissioners.&nbsp;</p><p>He wasn’t exactly hanging his head in shame, he was excited. Seems they are about to sell the abandoned jail to billionaire Dan Gilbert, the Rock Financial and Quicken Loans guy, who has been buying large amounts of property in downtown Detroit.</p><p> Fri, 01 Nov 2013 13:59:54 +0000 Jack Lessenberry 15086 at http://michiganradio.org Selling a billionaire a jail Wayne County ponders offer for botched jail site http://michiganradio.org/post/wayne-county-ponders-offer-botched-jail-site <p>Downtown Detroit real estate mogul Dan Gilbert wants to buy the site of Wayne County’s botched jail project.</p><p>Rock Ventures <a href="http://www.detroitnews.com/article/20131030/METRO01/310300084/Wayne-Co-sues-contractor-154M-over-unauthorized-changes-unfinished-jail">has offered a total of $50 million</a> to build an entertainment district where the half-built jail and other county facilities now sit. Wayne County abandoned the jail project in August because it was hugely over-budget.</p> Thu, 31 Oct 2013 16:45:31 +0000 Sarah Cwiek 15071 at http://michiganradio.org Wayne County ponders offer for botched jail site Who owns downtown Detroit? http://michiganradio.org/post/who-owns-downtown-detroit <p>If you're in Detroit, and you drive south down Woodward from Midtown to downtown, you’ll see things that weren’t there four years ago: new developments,<a href="http://michiganradio.org/post/detroit-seeing-rise-pop-businesses"> pop-up businesses</a>, more people, a <a href="http://www.nytimes.com/2011/07/03/fashion/the-young-and-entrepreneurial-move-to-downtown-detroit-pushing-its-economic-recovery.html?pagewanted=all&amp;_r=0">new demographic</a>, a <a href="http://www.michiganradio.org/post/what-whole-foods-opening-means-and-doesnt-mean-about-midtown-detroit">Whole Foods</a>, <a href="htt Tue, 09 Jul 2013 17:47:34 +0000 Michigan Radio Newsroom 13438 at http://michiganradio.org Who owns downtown Detroit? Dan Gilbert buys more downtown Detroit property, comments on Detroit's potential bankruptcy http://michiganradio.org/post/dan-gilbert-buys-more-downtown-detroit-property-comments-detroits-potential-bankruptcy <p>Dan Gilbert’s Rock Ventures just purchased two more buildings on Woodward Avenue. This adds to a growing number of property that Gilbert owns in Detroit’s downtown.</p><p>So far, Gilbert’s <a href="http://www.quickenloans.com/press-room/?s=rock+ventures&amp;submit.x=-984&amp;submit.y=-293">Rock Ventures</a> and <a href="http://www.bedrockmgt.com/properties/">Bedrock Real Estate Services</a> have purchased around 30 buildings and parking garages.</p> Thu, 20 Jun 2013 16:24:20 +0000 Michigan Radio Newsroom 13145 at http://michiganradio.org Dan Gilbert buys more downtown Detroit property, comments on Detroit's potential bankruptcy Winners of design contest for former Hudson's site in Detroit announced http://michiganradio.org/post/winners-design-contest-former-hudsons-site-detroit-announced <p>Remember when they blew up the building that once held the world's second largest department store?</p><p>In 1998, with the push of a button, former Mayor Dennis Archer ceremonially blew up Hudson's department store in downtown Detroit (taking part of the People Mover with it).</p><p>http://youtu.be/JP1HJoG-1Pg</p><p>The site has sat empty ever since.</p><p>Quicken Loans founder Dan Gilbert wanted ideas for the site.</p> Wed, 12 Jun 2013 20:02:45 +0000 Mark Brush 13023 at http://michiganradio.org Winners of design contest for former Hudson's site in Detroit announced What does Dan Gilbert's Detroit plan mean for its people? http://michiganradio.org/post/what-does-dan-gilberts-detroit-plan-mean-its-people <p></p><p>Dan Gilbert.<br><br>The founder of Quicken Loans.</p><p>A man with deep pockets.</p><p>Taking advantage of what he calls Detroit's "Skyscraper Sale."</p><p>He owns three million square feet of downtown commercial space.<br><br>His stated goal is to breathe new life into downtown Detroit.<br><br>The Sunday New York Times business section calls him the "Motor City Missionary."<br><br>So what does Dan Gilbert's "Opportunity Detroit" plan mean for the city and its people?<br><br>We asked <strong>George Galster</strong> - professor of urban studies and planning at Wayne State University - author of "Driving Detroit" - and <strong>Toni Griffin</strong> - founder of Urban Planning and Design for the American City - director of the Technical Planning Team for the Detroit Future City Plan - and professor of architecture at the City College of New York.</p><p>They've got credibility. We asked them questions.</p><p>You can listen to the full interview above. Mon, 22 Apr 2013 21:31:48 +0000 Stateside Staff 12239 at http://michiganradio.org What does Dan Gilbert's Detroit plan mean for its people? Detroit may see major downtown improvements http://michiganradio.org/post/detroit-may-see-major-downtown-improvements <h5>A story by Detroit Free Press Business writer, John Gallagher outlines <a href="http://www.freep.com/article/20130329/BUSINESS06/303290147/Dan-Gilbert-outlines-vision-for-livelier-downtown-Detroit-including-Papa-Joe-s-sidewalk-cafes">a host of improvements and attractions coming to Detroit.</a></h5><h5>&nbsp;</h5><h5>Quicken Loans founder and Chairman Dan Gilbert described the high points of his vision:</h5><blockquote><p>Papa Joe's will set up shop in 15,000 square feet of ground floor retail space in the First National Building on Woodward at Campus Martius. Fri, 29 Mar 2013 18:28:00 +0000 Michigan Radio Newsroom 11932 at http://michiganradio.org Detroit may see major downtown improvements Gilbert-owned company branching out into Detroit casinos http://michiganradio.org/post/gilbert-owned-company-branching-out-detroit-casinos <p>A gaming company run by Detroit billionaire Dan Gilbert has announced plans to move into the city’s casino business.<br><br>Quicken Loans founder Gilbert owns Rock Gaming, which already owns<br>several gambling sites in Ohio.<br><br>Now, one of the group’s subsidiaries has announced it will buy a<br>majority stake of the company that runs Detroit’s Greektown<br>Casino-Hotel.<br><br>Gilbert says in a statement they envision a “significant investment”<br>in the Greektown casino, “as well as the enhancement and growth of the<br>existing entertainment district.”<br><br>The Michigan Gaming Board will need to sign off on the deal.<br><br>They hope to grow that area as well, building on what Gilbert calls<br>“the positive momentum” now going in downtown Detroit.<br><br>Gilbert himself is partly responsible for that momentum.<br><br>He’s been buying up much of the major commercial real estate in<br>downtown Detroit in pursuit of a vision he’s dubbed “Detroit 2.0.”<br><br>The vision is a vibrant downtown district to “live, work, and play,”<br>centered around tech start-ups along Woodward Avenue, which Gilbert<br>calls “Webward” Avenue. Thu, 17 Jan 2013 01:18:29 +0000 Sarah Cwiek 10807 at http://michiganradio.org Gilbert-owned company branching out into Detroit casinos Dan Gilbert purchases historic One Woodward building http://michiganradio.org/post/dan-gilbert-purchases-historic-one-woodward-building <p>Quicken Loans founder Dan Gilbert and his Rock Ventures LLC, have added another Detroit landmark to their real estate portfolio.</p><p>The investment group announced Monday it had purchased the One Woodward Avenue office tower.</p><p><a href="http://www.freep.com/article/20121203/BUSINESS04/121203069/dan-gilbert-quicken-loans-downtown-detroit-one-woodward-building?odyssey=mod|newswell|text|FRONTPAGE|p">The Detroit Free Press </a>has more:</p><blockquote><p>The 333,000-square-foot, 26-story building is about 60% occupied. Major tenants include the Detroit Regional Chamber and the law firms Fraser Trebilcock Davis &amp; Dunlap, and Kitch Drutchas Wagner Valitutti &amp; Sherbrook.</p><p></p><p>As with Gilbert’s other downtown buildings, Rock Ventures plans to renovate the building to accommodate what Gilbert envisions as the city’s emerging roster of technology employers.</p><p>Built in 1962, One Woodward was designed by famed architect Minoru Yamasaki and was originally built for the Michigan Consolidated Gas Co., now part of DTE Energy. The design is often called an early predecessor of the Yamasaki design for New York’s World Trade Center.</p></blockquote><p>The building is the tenth downtown property acquired by Gilbert and Rock Ventures since January 2011.</p><p>“We continue to bet big on Detroit, and this purchase reinforces our commitment to the exciting entrepreneurial action on Woodward Avenue,” Gilbert <a href="http://www.quickenloans.com/press-room/2012/rock-ventures-continues-investment-in-downtown-detroit-with-purchase-of-one-woodward-building">said in a statement</a>.</p><p>Gilbert now owns nearly 2.5 million square feet of office space in Detroit, making him the second-largest private owner of downtown property behind General Motors, <a href="http://www.crainsdetroit.com/article/20121203/NEWS/121209978/gilbert-real-estate-entity-buys-one-woodward-building">Crain’s reports</a>.</p><p>- <em>Jordan Wyant, Michigan Radio Newsroom</em> Mon, 03 Dec 2012 20:51:23 +0000 Michigan Radio Newsroom 10185 at http://michiganradio.org Dan Gilbert purchases historic One Woodward building Commentary: Bringing cities back http://michiganradio.org/post/commentary-bringing-cities-back <p>Everybody running a business or a government knows they can make painful spending cuts that may balance the budget.</p><p>But you can’t cut your way to prosperity. You have to attract new growth and new investment, and the trillion-dollar question is: How?</p> Tue, 18 Sep 2012 12:34:00 +0000 Jack Lessenberry 9124 at http://michiganradio.org Commentary: Bringing cities back More new faces for Detroit's downtown business district http://michiganradio.org/post/more-new-faces-detroits-downtown-business-district <div align="left"><font face="Tahoma"><span style="font-size: 12pt;">500 new employees moved into downtown Detroit&rsquo;s First National Building Wednesday.</span></font></div><div align="left">&nbsp;</div><div align="left"><font face="Tahoma"><span style="font-size: 12pt;">City officials and business leaders say it&rsquo;s yet another sign of Detroit&rsquo;s resurgent business district.</span></font></div><div align="left">&nbsp;</div><p><font face="Tahoma"><span style="font-size: 12pt;">They held a pep rally of sorts to welcome the new employees downtown.</span></font><font face="Tahoma"><s Wed, 25 Jul 2012 21:26:25 +0000 Sarah Cwiek 8441 at http://michiganradio.org More new faces for Detroit's downtown business district Another Gilbert company will likely relocate from Detroit suburb to downtown http://michiganradio.org/post/another-gilbert-company-will-likely-relocate-detroit-suburb-downtown <p>Another Dan Gilbert company will probably move into downtown Detroit, bringing 1,500 more employees from the suburbs into the city.</p><p>Gilbert&#39;s Title Source provides title insurance, property valuations and settlement services.</p><p><a href="http://www.freep.com/article/20120723/BUSINESS06/120723028/Dan-Gilbert-Rock-Financial-Title-Source-Detroit?odyssey=nav|head">The Detroit Free Press</a> reports the company scheduled a news conference for Wednesday morning to announce the move to the Gilbert-owned First National Building in Downtown Detroit.</p><p>Title Source is moving locations from the Detroit Suburb of Troy. About 500 of the company&#39;s employees will move in immediately, with the remaining 1,000 moving in over the next six months, reports the Freep. Mon, 23 Jul 2012 18:15:53 +0000 Michigan Radio Newsroom 8398 at http://michiganradio.org Another Gilbert company will likely relocate from Detroit suburb to downtown Chrysler adds to business presence in downtown Detroit http://michiganradio.org/post/chrysler-adds-business-presence-downtown-detroit <p>Chrysler will start renting office space in a downtown Detroit skyscraper later this year.</p><p>Chrysler&rsquo;s CEO and other business leaders have already re-christened the building &ldquo;Chrysler House.&rdquo;</p><p>Chrysler will move only about 70 employees into the former Dime building in the heart of downtown Detroit. But CEO Sergio Marchionne says it reflects Chrysler&rsquo;s commitment to &ldquo;put down roots&rdquo; in the city and the region.</p><p>Marchionne says the resurgent Chrysler sees its own fortunes tied to Detroit&rsquo;s.</p><p>&ldquo;The people of Detroit and this region have contributed to making our country great again with their talent, their commitment, and their sweat,&quot; Marchionne said. &quot;Detroit is the place that we feel at home. That&rsquo;s why we&rsquo;re proud to say that from now on, this building is going to be known as Chrysler House.&rdquo;</p><p>Marchionne also noted Chrysler&rsquo;s plans to &ldquo;substantially expand&rdquo; its industrial presence in the city. The automaker plans to re-open one Detroit assembly plant, and up production at two others by next year.</p><p>The move is also another win for the city&rsquo;s central business district, which has announced some major new tenants in the past few months.</p><p>Quicken Loans CEO Dan Gilbert has been one of the key figures pushing to revitalize downtown with his <a href="http://www.quickenloans.com/press-room/fast-facts/detroit-2-0-history">Detroit 2.0 initiative</a>.</p><p>&ldquo;Together we are creating an urban core in downtown Detroit, that will be a spark of the entire region, that will have jobs, growth, and excitement,&rdquo; Gilbert said.</p><p>Marchionne says Chrysler employees will move in once the space is refurbished, likely sometime this summer.</p><p>The <a href="http://www.freep.com/article/20120430/NEWS01/120430037/Chrysler-Woodward-light-rail?odyssey=tab|topnews|text|FRONTPAGE">Detroit Free Press also reports</a> that Chrysler has now committed $3.3 million to help build a light rail project in downtown Detroit. The M-1 rail project will jumpstart with funds from private backers. It&#39;s still awaiting approval from city, state, and federal officials. Mon, 30 Apr 2012 17:31:02 +0000 Sarah Cwiek 7252 at http://michiganradio.org Chrysler adds to business presence in downtown Detroit Twitter to open office in Detroit, reporter Tweets the news on-air http://michiganradio.org/post/twitter-open-office-detroit-reporter-tweets-news-air <p><strong>Update 5:30 p.m.</strong></p><p>Have you ever heard a radio reporter &quot;Tweet&quot; a story?</p><p>Michigan Radio&#39;s Jennifer Guerra shows us how:</p><p>http://environmentreport.org/audio/guerra_tweet.mp3</p><p><strong>12:08 p.m.</strong></p><p>People are all a-Twitter about the social media company opening an office in downtown Detroit.</p><p>The office will be located in the M@dison Building on Broadway Street. The building is owned by Quicken Loans Chairman, Dan Gilbert.</p><p>This from a <a href="http://www.prnewswire.com/news-releases/twitter-opens-downtown-detroit-office-in-rock-ventures-mdison-building-146091095.html">press release</a> from Rock Ventures LLC, another company run by&nbsp;Gilbert:</p><blockquote><p>&quot;Twitter coming downtown is exactly the kind of innovative company <span class="xn-location">Detroit</span> needs to advance our vision of becoming one of the most exciting high-tech and web-centered corridors of growth and activity found anywhere,&quot; said Gilbert, Chairman of Rock Ventures and Quicken Loans, and Majority Owner of the NBA&#39;s Cleveland Cavaliers.</p><p>&quot;Twitter chose <span class="xn-location">Detroit</span> because of the city&#39;s growing, young and energetic environment.&nbsp; This is further proof that the country is starting to wake up and take notice &ndash; if you want to create a thriving, growing tech business, downtown <span class="xn-location">Detroit</span> is one of the best places to be,&quot; Gilbert added.</p></blockquote><p>Twitter is headquartered in San Francisco.</p><p>The Detroit office will help &quot;marketers and advertising agencies in Detroit leverage Twitter&#39;s Promoted Products suite of advertising products.&quot;</p><p>The company expects to hire more employees as it grows. Wed, 04 Apr 2012 21:30:52 +0000 Mark Brush 6904 at http://michiganradio.org Twitter to open office in Detroit, reporter Tweets the news on-air Quicken Loans founder buys historic Detroit site http://michiganradio.org/post/quicken-loans-founder-buys-historic-detroit-site <p>DETROIT (AP) - Quicken Loans founder and chairman Dan Gilbert says his venture capital firm is buying downtown Detroit&#39;s historic Federal Reserve Building.</p><p>Gilbert said Monday that he hasn&#39;t landed a tenant for the 176,000 square-foot building but believes it&#39;s ideal for one occupant. The original building was constructed in 1927 and an eight-story annex was added in 1951.</p><p>The purchase price wasn&#39;t disclosed for the building, which has been vacant since 2004.</p><p>In the past year, Gilbert&#39;s Rock Ventures LLC has bought nine buildings, three parking structures and one lot with an aim to create an entrepreneurially focused, technology district.</p><p>The Cleveland Cavaliers owner made the announcement from the M@dison Building, a five-story structure Rock Ventures bought and spent $12 million renovating. Other holdings include the Chase Tower and First National Building. Mon, 30 Jan 2012 18:29:13 +0000 The Associated Press 6004 at http://michiganradio.org Quicken Loans founder buys historic Detroit site Quicken Loans' Gilbert says he's seeking to fill 500 internships and 300 new technolgy jobs http://michiganradio.org/post/quicken-loans-gilbert-says-hes-seeking-fill-500-internships-and-300-new-technolgy-jobs <p>John Gallagher of the <a href="http://www.freep.com/apps/pbcs.dll/article?AID=2012120126028">Detroit Free Press</a> reports the head of Quicken Loans, Dan Gilbert,&nbsp; is hoping to hire &quot;500 college interns this summer in downtown Detroit.&quot;</p><p>Gilbert said he wants to move the city from having a &quot;brain drain&quot; to a &quot;brain gain&quot; - from the Freep:</p><blockquote><p>Gilbert told the annual meeting of the Detroit Metro Convention &amp; Visitors Bureau that hiring 250 interns last summer proved so successful that Quicken plans to double the program this year. He urged the hundreds of attendees at the Fillmore Theatre in Detroit to spread the word to college-age young people.</p><p>&ldquo;We want them all,&rdquo; he said.</p></blockquote><p>Gilbert also told the group that the company is planning to hire 300 &quot;new technology&quot; employees.</p><p>Anyone interested in applying can visit <a href="http://www.quickenloanscareers.com">Quicken&#39;s employment website</a> to find out more. Thu, 26 Jan 2012 20:23:13 +0000 Mark Brush 5963 at http://michiganradio.org Magic Johnson joins Detroit venture capital firm http://michiganradio.org/post/magic-johnson-joins-detroit-venture-capital-firm <p>NBA Hall of Famer and Michigan native Earvin &ldquo;Magic&rdquo; Johnson is joining a venture capital firm committed to helping early stage tech firms.</p><p><a href="http://www.detroitventurepartners.com/">Detroit Venture Partners</a> was founded in part by Quicken Loans founder Dan Gilbert. It plans to invest in 12 to 15 companies a year, at up to&nbsp;$3 million per company.</p><p>Johnson says right now, talented young people are leaving Michigan and Detroit because they don&rsquo;t see a future for themselves.</p> Thu, 21 Jul 2011 16:41:27 +0000 Sarah Hulett 3414 at http://michiganradio.org Magic Johnson joins Detroit venture capital firm Quicken Loans closes deal on downtown Detroit building http://michiganradio.org/post/quicken-loans-closes-deal-downtown-detroit-building <p><a href="http://www.quickenloans.com/version">Quicken Loans </a>has completed the purchase of the 14-story Chase Tower in downtown Detroit. The deal will allow the company to move the remainder of its workforce from the suburbs to downtown Detroit.</p><p>When the move is complete, about 4,000 employees of Quicken and its related companies will work downtown.</p><p>The Chase Tower sits just south of the Compuware Building on the other side of <a href="http://www.campusmartiuspark.org">Campus Martius Park</a>, where Quicken moved about 1,700 of its employees last year.</p><p>The move downtown is part of Quicken founder Dan Gilbert&rsquo;s plan to help turn lower Woodward Avenue into a mecca for high-tech, Internet-based businesses.</p><p>Quicken is the nation&rsquo;s largest online mortgage lender.</p><p>Plans for the Chase Tower include retail space on the first floor, and room for tenants who fit into Gilbert&rsquo;s plan for a downtown Detroit technology hub. Thu, 07 Apr 2011 19:21:12 +0000 Sarah Hulett 1964 at http://michiganradio.org Quicken Loans closes deal on downtown Detroit building