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Real Estate Insider: Dan Gilbert was a silent investor in Pullman Parc project
Some of the Pullman Parc land was sold to Robertson Bros. Co. late last month
Orleans Landing development on the east Detroit riverfront has commercial tenants
CoStar Group Inc.
Billionaire Dan Gilbert was one of the silent investors in the Pullman Parc project envisioned in Detroit s Elmwood Park neighborhood.
The planned Pullman Parc project on the Elmwood Park neighborhood s border with the Lafayette Park neighborhood has been described to me and others as a joint venture between Farmington Hills-based Hunter Pasteur Homes, Detroit-based Broder & Sachse Real Estate Services Inc. and Detroit-based Woodborn Partners LLC, all established developers of for-sale and for-rent multifamily properties in Detroit.
Dan Gilbert divests interest in Cleveland casino business
Kurt Nagl | Crain s Detroit Business
Jack Entertainment
Jack Entertainment moved its base from Detroit to Cleveland as part of the sale of Greektown Casino-Hotel.
Dan Gilbert has sold his remaining interest in a formerly Detroit-based casino company now controlled by former Bedrock executives.
The billionaire founder and chairman of Rock Ventures sold his remaining interest in Jack Entertainment in December, said Aaron Walker, chief communications officer for Rock Ventures. In December 2020, Dan Gilbert divested his interest in the Cleveland Jack Entertainment Casino, which is reflective of Dan s positioning to pivot away from the casino industry in general, Walker said in an email.
January 19, 2021
It would seem that billionaire American businessman Dan Gilbert (pictured) has quietly exited the casino business after reportedly selling off his remaining stake in operator Jack Entertainment to members of the firm’s management team.
According to a Monday report from the Cleveland Scene newspaper, Gilbert is worth an estimated $34 billion thanks to his Quicken Loans Incorporated mortgage lending business and established Detroit-headquartered Jack Entertainment in 2009 after helping to back a ballot measure that legalized casino gambling in Ohio. The operator subsequently went on to hold interests in six gambling-friendly venues including the Greektown Casino Hotel, Jack Cleveland Casino, Jack Cincinnati Casino and Jack Thistledown Racino.
Rocket Mortgage eyes 700-job expansion in downtown Cleveland
Rocket Cos.
Rocket Mortgage employs nearly 700 people in Cleveland, at offices in the Higbee Building in the heart of downtown. The mortgage giant plans to create 700 new jobs here over the next five years, in a deal that hinges on securing incentives from the city, state and JobsOhio.
Rocket Mortgage, the mortgage giant formerly known as Quicken Loans, is eyeing an expansion that would bring 700 new jobs to downtown Cleveland over the next five years.
The Detroit-based company already employs nearly 700 people at its Cleveland office, a mortgage banking hub tucked inside the Higbee Building just off Public Square. Local economic development officials have been working on an incentive package to double that headcount in a deal that would create more than $50 million in additional payroll and bring welcome investment to a central business district grappling with fallout from the pandemic.