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.
Monday, May 20 2013 1:10 PM EDT2013-05-20 17:10:41 GMT
The National Weather Service has issued a severe thunderstorm watch for the majority of southeast Michigan until 8 p.m. Monday as temperatures soar into the upper 80s.
The National Weather Service has issued a severe thunderstorm watch for the majority of southeast Michigan until 8 p.m. Monday as temperatures soar into the upper 80s.
Monday, May 20 2013 11:42 AM EDT2013-05-20 15:42:57 GMT
Perfect weather for a wonderful cause on Saturday in downtown Detroit and some Fox 2 viewers shared a few photos with us to help capture the day. Take a look and add your photos.
Perfect weather for a wonderful cause on Saturday in downtown Detroit and some Fox 2 viewers shared a few photos with us to help capture the day. Take a look and add your photos.
Monday, May 20 2013 8:24 AM EDT2013-05-20 12:24:48 GMT
The Detroit Red Wings look to go up 2-1 in their second-round series tonight when they face the top-seeded Chicago Blackhawks at Joe Louis Arena. The Red Wings evened the series at 1-all with a 4-1 victory on Saturday.
The Detroit Red Wings look to go up 2-1 in their second-round series tonight when they face the top-seeded Chicago Blackhawks at Joe Louis Arena. The Red Wings evened the series at 1-all with a 4-1 victory on Saturday.
Monday, May 20 2013 6:10 AM EDT2013-05-20 10:10:15 GMT
A trip to Subway turned into a nightmare for an elderly Berkley couple Friday afternoon in Commerce Township. Oakland County Sheriffs say a man left his 74-year-old wife in the car, while he ran inside
A trip to Subway turned into a nightmare for an elderly Berkley couple Friday afternoon in Commerce Township. Oakland County Sheriffs say a man left his 74-year-old wife in the car, while he ran inside
Sunday, May 19 2013 9:08 PM EDT2013-05-20 01:08:52 GMT
It's National Boating Safety Week - a good time to learn about new boating safety regulations. Macomb County Sheriff Anthony Wickersham talked with Fox 2 about what boaters need to know.
It's National Boating Safety Week - a good time to learn about new boating safety regulations. Macomb County Sheriff Anthony Wickersham talked with Fox 2 about what boaters need to know.
