Jeffrey Brown1

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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...

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