{"id":1004054726,"date":"2012-12-05T08:04:50","date_gmt":"2012-12-05T16:04:50","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=85996"},"modified":"2022-12-06T16:23:06","modified_gmt":"2022-12-07T00:23:06","slug":"dan-gilberts-investment-spree-continues-with-one-woodward-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/","title":{"rendered":"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">Another iconic downtown Detroit building changed hands this week. Much to no one\u2019s surprise, local real estate tycoon Dan Gilbert and his partners completed the purchase of the historic One Woodward tower, located at the corner of Woodward and Jefferson avenues.<\/p>\n<p style=\"text-align: justify\">\u201cWe continue to bet big on Detroit, and this purchase reinforces our commitment to the exciting entrepreneurial action on Woodward Avenue,\u201d said Dan Gilbert, founder and chairman of Rock Ventures and Quicken Loans.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/one-woodward-building.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-85997\" title=\"one woodward building\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/12\/one-woodward-building.jpg\" alt=\"\" width=\"252\" height=\"300\" \/><\/a>Previously owned by Lehman Bros., the 26-story Class A office tower was built in 1962 for the Michigan Consolidated Gas Co. under design plans by famed architect Minoru Yamasaki, whose work also includes the former World Trade Center towers in New York City. Rock Ventures, the umbrella entity that coordinates Dan Gilbert&#8217;s portfolio of companies and investments, acquired the 333,000-square-foot building for an alleged $8.5 million, according to anonymous sources quoted by <em>Crain\u2019s Detroit Business<\/em>.<\/p>\n<p style=\"text-align: justify\">The transaction was co-brokered by Friedman Integrated Real Estate Solutions and Bedrock Real Estate Services LLC, the real estate arm of Rock Ventures.<\/p>\n<p style=\"text-align: justify\">Currently the office tower is only 60 percent occupied. Major tenants include the law firms Fraser, Trebilcock, Davis &amp; Dunlap and Kitch, Drutchas, Wagner, Valitutti &amp; Sherbrook, as well as the Detroit Regional Chamber. One Woodward Building will hit 90 percent occupancy within a few weeks, when Quicken Loans and its affiliates lease eight floors in the building to accommodate around 600 new employees.<\/p>\n<p style=\"text-align: justify\">With this new acquisition, Rock Ventures now owns nearly 2.5 million square feet of commercial space in Detroit, as well as two parking garages with 3,500 parking spaces. One Woodward Building became the tenth major downtown purchase to be added to Dan Gilbert\u2019s portfolio of commercial and residential space, which also includes the First National Building at 660 Woodward Ave., the former Madison Theater (now called The M@dison) at 1555 Broadway St., the Chase Tower at 611 Woodward Ave. and the Chrysler House (formerly known as the Dime Building) at 719 Griswold St.<\/p>\n<h6 style=\"text-align: justify\"><em>Image credits to Wikipedia author\u00a0V8americanpower<\/em><\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>nother iconic downtown Detroit building changed hands this week. Much to no one&rsquo;s surprise, local real estate tycoon Dan Gilbert and his partners completed the purchase of the historic One Woodward tower, located at the corner of Woodward and Jefferson avenues.<\/p>\n","protected":false},"author":258,"featured_media":1004506584,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[1815],"class_list":["post-1004054726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-detroit","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building\" \/>\n<meta property=\"og:description\" content=\"nother iconic downtown Detroit building changed hands this week. Much to no one&rsquo;s surprise, local real estate tycoon Dan Gilbert and his partners completed the purchase of the historic One Woodward tower, located at the corner of Woodward and Jefferson avenues.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-12-05T16:04:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T00:23:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\",\"name\":\"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg\",\"datePublished\":\"2012-12-05T16:04:50+00:00\",\"dateModified\":\"2022-12-07T00:23:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\/\/x.com\/@VeraGrecu\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/","og_locale":"en_US","og_type":"article","og_title":"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building","og_description":"nother iconic downtown Detroit building changed hands this week. Much to no one&rsquo;s surprise, local real estate tycoon Dan Gilbert and his partners completed the purchase of the historic One Woodward tower, located at the corner of Woodward and Jefferson avenues.","og_url":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-12-05T16:04:50+00:00","article_modified_time":"2022-12-07T00:23:06+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/","url":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/","name":"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg","datePublished":"2012-12-05T16:04:50+00:00","dateModified":"2022-12-07T00:23:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/dan-gilberts-investment-spree-continues-with-one-woodward-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Dan Gilbert\u2019s Investment Spree Continues with One Woodward Building"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/one-woodward-building.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004054726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004054726"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004054726\/revisions"}],"predecessor-version":[{"id":1004616148,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004054726\/revisions\/1004616148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506584"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004054726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004054726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004054726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}