An entity tied to Detroit-based Method Development LLC bought the eight-story Merchants Building at 206 E. Grand River Ave. at Broadway Street last month in a deal brokered by Detroit-based O'Connor Real Estate.
Dan Gilbert has returned to a familiar playbook and purchased the Cadillac Tower skyscraper on Cadillac Square downtown. After amassing a Detroit real estate portfolio by acquiring down-on-their-luck mid- and high-rise buildings on the cheap in Detroit's central core early last decade like the…