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A Story Behind The Scenes Of Buying A Skyscraper And Keeping A Company In Downtown Detroit

One of the things we thought most interesting during the press event was the anecdote Mayor Mike Duggan shared about the behind-the-scenes story on keeping Ally Financial (formerly GMAC) in the city, consolidating their 1,500 person workforce and moving along a deal to purchase a skyscraper with nearly a million square feet in it. We transcribed it and edited very lightly to let the story speak for itself. It’s an illuminating little look that isn’t going to get printed most places, not to men...

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Ally Financial Switches Plans, Decides To Consolidate Downtown; Gilbert Buys One Detroit Center

Real estate magnate and Quicken Loans founder Dan Gilbert expanded his portfolio to some 70 properties today with the purchase of 43 story, 957,000 square foot One Detroit Center. The purchase price was more than $100 million for Detroit’s third largest office building and the adjoining garage, however, an exact number wasn’t shared. But that wasn’t all. It had been talked about in the media that Ally Financial, formerly the credit arm of General Motors, was going to move to Southfield, but...