305,000 Largest Lease of 2012

Total Page:16

File Type:pdf, Size:1020Kb

305,000 Largest Lease of 2012 DOWNTOWN DETROIT OUR is the place to be FUTURE * is the place to be DO WNT Row on Woodward Avenue. Notable properties: Lofts at Merchants Schostak Bros. & Co. Griswold St. Ave. and the Blue Building at 1265 Notable properties: 1505 Woodward Dennis Kefallinos/affiliated LLCs O WN DETR Residential Other Significant Private Landholders in Downtown Detroit O D is the place to be to place the is T WN Woodward Ave. Notable properties: 1515, 1525 and 1529 OIT Howard Schwartz/Schwartz & Ross Inc. Avenue. additional buildings along Woodward Notable properties: Singer Building and Occupancy Rate Sophie Tatarian/ O building or many. – other than Gilbert – whether they control one Properties held by individuals and private investors PRIVATELY OWNED government. properties through his Rock Ventures LLC. Downtown Development Authority to the federal private landholder in downtown, purchasing Properties owned by public entities, from the Detroit The Quicken Loans founder is the largest single PUBLIC DAN GILBERT Archdiocese of Detroit. organizations, from the YMCA to the Properties held by nonprofits and other CULTURAL/RELIGIOUS/NONPROFIT R DET WN Cultural/Religious/Nonprofit-owned parking LLCs Kefallinos/affiliated Dennis 1505 Woodward Woodward 1505 properties: Notable Ave. and the Blue Building at 1265 1265 at Building Blue the and Ave. Griswold St. Griswold Schostak Bros. & Co. & Bros. Schostak Lofts at Merchants Merchants at Lofts properties: Notable Row on Woodward Avenue. Woodward on Row affiliated LLCs 97% Dan Gilbert-own * Priva Other Significant Private Landholders in Downtown Detroit te ly owned parking OUR ed p arking DOWNTOWN DETROIT Detroit Downtown in Landholders Private Significant Other is the place to be OIT on Washington Boulevard. Archdiocese of Detroit properties Capitol Park as well as two former Notable properties: Buildings along FUTURE Keith Shaw/affiliated LLCs Sophie Tatarian/affiliated LLCs FUTURE Dennis Kefallinos/affiliated LLCs Keith Shaw/affiliated LLCs OUR Sophie Tatarian/ Sophie Singer Building and and Building Singer properties: Notable additional buildings along Woodward Woodward along buildings additional Avenue. Howard Schwartz/Schwartz & Ross Inc. Inc. Ross & Schwartz/Schwartz Howard 1515, 1525 and 1529 1529 and 1525 1515, properties: Notable Notable properties: 1505 Woodward Notable properties: Singer Building and NotableBuilding properties: sold in May Buildings for a reported along $1 million, Ave. Woodward Residential 1526 broadway FOR SALE Luke Investments Witherell SERMAN’S BUILDING Brush St. and Emre Uralli and his CULTURAL/RELIGIOUS/NONPROFIT Properties held by nonprofits and other other and nonprofits by held Properties LLCs affiliated the to YMCA the from organizations, Archdiocese of Detroit. of Archdiocese 277 gratiot PUBLIC Occupancy Rate additional buildings along Woodward Detroit the from entities, public by owned Properties Downtown Development Authority to the federal federal the to Authority Development Downtown Ave. and the Blue Building at 1265 Capitol Park as well as two former government. 230 e 1314 DAN GILBERT DAN The Quicken Loans founder is the largest single single largest the is founder Loans Quicken The private landholder in downtown, purchasing purchasing downtown, in landholder private properties through his Rock Ventures LLC. Ventures Rock his through properties 1326 419 fort PRIVATELY OWNED PRIVATELY O D Properties held by individuals and private investors investors private and individuals by held Properties – other than Gilbert – whether they control one one control they whether – Gilbert than other – be to place the is building or many. or building 1332 Cultural/Religious/Nonprofit-owned parking Cultural/Religious/Nonprofit-owned gr riv 1346 LLC put the David Stott Building, home of 1356 1238 randolph Avenue. 1224 randolph FUTURE 97% T WN Griswold St. Archdiocese of Detroit properties 206 e 1322 1001 brush OUR OUR 1301 Broadway Congress St. SkyBar, on the market for $9.9 million. parking Gilbert-owned Dan gr riv 1234 randolph Woodward Ave parking owned Privately 1426 Broadway 1315 Keith Shaw/affiliated LLCs Shaw/affiliated Keith Buildings along along Buildings properties: Notable Capitol Park as well as two former former two as well as Park Capitol on Washington Boulevard. properties Detroit of Archdiocese on Washington Boulevard. Boulevard. Washington on Randolph St. O Howard Schwartz/Schwartz & Ross Inc. 1255 1231 748 randolph Larned St. Schostak Bros. & Co. Broadway St. 1218 randolph R DET WN John R John 1307 Broadway broadway Lafayette St. 1526 z lot 1323 LLCs Kefallinos/affiliated Dennis 1505 Woodward Woodward 1505 properties: Notable Ave. and the Blue Building at 1265 1265 at Building Blue the and Ave. Griswold St. Griswold Schostak Bros. & Co. & Bros. Schostak Lofts at Merchants Merchants at Lofts properties: Notable Notable properties: 1515, 1525 and 1529 Meanwhile, Walter Cohen (21st Century Z LOT Metro Detroit’s Large PrivateAvenue. Woodward on Row Land Holders Notable properties: Lofts at Merchants 1401 Broadway DEVELOPMENT 126 monroe Holdings LLC) is waiting for the Detroit 1515 Monroe St. Row on Woodward Avenue. Woodward Ave. 1521 47 monroe st Jefferson Ave 1529 Detroit Downtown in Landholders Private Significant Other MADISON 15451535 FOR128 SALE YMCA BUILDING 1260 library OIT City Council to approve his purchase of30 the * 1555 12 BUILDING 1509 Broadway 1250 library Dennis Kefallinos/various LLCs OLD WAYNESophie Tatarian/various LLCs 1000 farmer Detroit may be in bankruptcy, but downtown Detroit Fire Department headquarters (the Grand River Ave. 1274 library 735 randolph COUNTY BUILDING Montcalm St Notable properties:18 monroe NotableMetro Detroit’sproperties: Large Private Land Holders 1505 Woodward Tatarian/ Sophie Singer Building and Singer Building and and Building Singer properties: Notable BRODERICK TOWER Woodward along buildings additional Avenue. Howard Schwartz/Schwartz & Ross Inc. Inc. Ross & Schwartz/Schwartz Howard NATIONAL THEATRE 1529 and 1525 1515, properties: Notable is anything but busted. boxing gym in “Real Steel”) for $1.25 million. 600 randolph Ave. Woodward WURLITZER - 1550 33 john r 128 190 gratiot Bates St. 1540 30 1528 12 Ave. and the Blue Building at 1265 Dennisfour Kefallinos/various additional LLCsbuilding Sophie in the Tatarian/various 1400 LLCs 25 gr riv The development group Residentialintends to invest Columbia St. 1509 Broadway 1520 Farmer St. 139 cadillac CULTURAL/RELIGIOUS/NONPROFIT 121 gratiot other and nonprofits by held Properties LLCs affiliated the to YMCA the from organizations, Archdiocese of Detroit. of Archdiocese PUBLIC Asking price: $1.2 million Detroit the from entities, public by owned Properties Downtown Development Authority to the federal federal the to Authority Development Downtown 1500 Notable properties: 1505 Woodwardgovernment. Notable properties: Singer Building and DAN GILBERT DAN The Quicken Loans founder is the largest single single largest the is founder Loans Quicken The private landholder in downtown, purchasing purchasing downtown, in landholder private Woodward Ave. LLC. Ventures Rock his through properties Rock 1456 SCHOOLOWNED PRIVATELY BUILDING P In the past year Dan Gilbert and his one control they whether – Gilbert than other – building or many. or building roperties held by individuals and private investors investors private and individuals by held roperties another $23 million turning the property into Griswold St. block of Woodwardparking Cultural/Religious/Nonprofit-owned Ave. Occupancy Rate 1508 142414161420 DAVID WHITNEY 130Ave. cadillac and the Blue Building at 1265 four additional building in the 1400 1529 111 cadillac Ventures LLC band of companies have been BUILDING 1448 FUTURE a boutique hotel. 1553 OUR 1505 Woodward 97% Griswold St. G Dan block of Woodward Ave. 1412 Park 1545 1400 Privately owned parking owned Privately 32 monroe st parking ilbert-owned Keith Shaw/affiliated LLCs Shaw/affiliated Keith Buildings along along Buildings properties: Notable Capitol Park as well as two former former two as well as Park Capitol Archdiocese of Detroit properties Detroit of Archdiocese on a buying spree, picking up everything from Grand Circus 1525 Lawrence D McLaughlin/KAWI65 cadillac LLC Sophie Boulevard. Washington on Tatarian/variousAsking price: $3.5 million LLCs 1515 1449 HUDSON’S 120 cadillac Key to Downtown Ownership 1505 Lawrence D McLaughlin/KAWI LLC Sophie Tatarian/various LLCs the Kresge Building on WoodwardOther Avenue Significant to Private LandholdersHere wein Downtown take a peekDetroit at a slice of the Key to Downtown1425 OwnershipDEVELOPMENT SITE 100 cadillac 30 cliord 1437 OUR Notable properties: Lofts at MerchantsNotable Notable properties: properties:Lofts at Merchants Singer Notable Building properties: Singerand Building and Totaled 1413by number1403 1275 of1261 map locations COMPUWARE the Serman’s building on Randolph Street, Totaled by number of map locations 1253 Sophie Tatarian/affiliateddowntown LLCs business district, color-coding the 1247 be is the place to D HEADQUARTERS Row on Woodward Ave. four additional building in the 1400 Dennis Kefallinos/affiliated LLCs Keith Shaw/affiliated LLCs DOWNTElizabethO WNSt. DETROIT 160 e congress Park Ave. 12411225 1 campus martius 58 cadillac four additional building in the 1400 Notable properties: Notable properties: Singer Building and Notable properties: 35 grand Gratiot Ave. Row on Woodward Ave. bringing the group’s total Detroit-opoly 1505 Woodward Buildings along 1445 1428 1217 buildings by ownership for
Recommended publications
  • Inclusive Futures’ Across Detroit During Month of Design
    Expanded Detroit Design 139 Exhibition to feature 70 projects embodying ‘Inclusive Futures’ across Detroit during Month of Design ● Exhibition is free and open to the public Sept. 5-30 in four convenient Detroit locations in the Downtown, Old Redford, Fitzgerald/Bagley and Morningside neighborhoods ● Featured projects include exemplary adaptive reuse projects to sustainable civil engineering solutions, mobility strategies, visionary education programs, and master plans driven by inclusion, among others ● Free programming includes the first public tours of the iconic Book Tower restoration, kids’ urban planning events, Pecha Kucha night, Affordable Housing discussions, an Inclusive Economic Development event and more ● Grand Opening Celebration, free and open to the public, takes place at 1001 Woodward on Sept. 5, 7-9pm CLICK HERE TO DOWNLOAD A PROJECT MAP August 28, 2019 (DETROIT) – As Detroit’s economic growth continues to accelerate, the second biennial Detroit Design 139 (DD139) exhibition will display 70 projects, policies and concepts that promote best practices for ensuring that the future of Detroit’s built and natural environment is designed with everyone in mind. This year’s exhibition is nearly double the size of the inaugural 2017 edition, with expanded reach to three new neighborhood locations. A full schedule of free programming, from a design-themed Pecha Kucha to the first public tours of the iconic Book Tower, will take place in each of the exhibition’s four locations and beyond: • Downtown (1001 Woodward) • Morningside (16451 E. Warren Ave.) • Old Redford (17340 Lahser Rd.) • Fitzgerald/Bagley (7426 McNichols Rd.) “The design world has its eye on Detroit because we are experiencing significant growth very quickly, and we are at a critical moment in terms of steering that momentum in a positive direction for all Detroiters,” said Melissa Dittmer, Chief Design Officer of Bedrock and founding partner of Detroit Design 139.
    [Show full text]
  • Ahem 'Big Data,' Big Deal
    20130916-NEWS--0001-NAT-CCI-CD_-- 9/13/2013 6:07 PM Page 1 ® www.crainsdetroit.com Vol. 29, No. 38 SEPTEMBER 16 – 22, 2013 $2 a copy; $59 a year ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved Page 3 ‘Big data,’ ARA HOWRANI big deal ‘Million dollar courtroom’ hosts Detroit’s Ch. 9 case ISTOCK PHOTO Pending deals show demand for buildings is building Inside Ahem Wayne property tax auction: Opportunity, risk, Page 4 Health insurers This Just In to spread word Survey: Macomb residents LARRY PEPLIN optimistic about retail AlphaUSA CEO David Lawrence shows a data collection setup being tested to speed up data entry and collect more for analysis. on enrollment; A survey of Macomb Coun- ty residents points to high satisfaction with retail offer- Suppliers dig deep for nuggets of efficiency who’s listening? ings in the county but con- cerns about access to public BY DUSTIN WALSH The North American automo- and duration, on multiple presses BY JAY GREENE transportation. CRAIN’S DETROIT BUSINESS tive industry is preparing for 32 running simultaneously. CRAIN’S DETROIT BUSINESS The 2013 Community Cli- new and remodeled vehicle “The data has allowed us to As health insurers plan advertis- mate Survey, compiled by tamping press opera- launches in 2014. In response, the find areas, whether in a worksta- ing and marketing blitzes over the the county executive office supply base is finding ways to tors at Livonia-based tion or department, that is the next six months to market their and Department of Planning collect and analyze “big data” to private fastener sup- greatest cause to time bottle- products on the fledgling federal and Economic Development, S improve product planning, necks,” said David Lawrence, Al- health insurance exchange in gave an average community plier AlphaUSA enter streamline development and phaUSA’s chief administrative Michigan, they face major chal- sentiment rating of 3.68 to production flow data up to 30 meet the industry’s aggressive officer.
    [Show full text]
  • Celebrating 20 Years of Economic Development Celebrating 20 Years Of
    Celebrating 20 Years of Economic Development Celebrating 20 Years of Jobs Created or Retained 7,037 Housing Units Created or Renovated 4,051 Residential Square Feet Developed 4,679,569 Commercial Square Feet Developed 4,002,746 Retail Square Feet Developed 765,577 Investment Since Inception $251,258,268 Total Investment Leveraged Since Inception $1,420,000,000 Investing for a Better Detroit Throughout the Greater Downtown you can see cranes lifting steel into place, hear jackhammers carving concrete and watch construction workers moving about development sites. People are walking, biking and shopping. The demand for housing remains at an all-time high, new retail attractions are flourishing and there are lines at many new restaurants. These signals of economic growth are gratifying and tell a story of public, private and philanthropic collaboration. In this 2015 Annual Report marking Invest Detroit’s 20-year anniversary, we are celebrating the positive changes to the landscape and the partnerships that continue to make them possible. In 1995, with a vision of creating a catalyst for investment, the founders of Invest Detroit launched one loan fund capitalized with $48M to attract and expand businesses and support real estate development in the City of Detroit. Its mission was to create jobs, increase the tax base and provide a better quality of life for Detroit residents. As the portfolio grew and the economy shifted, new partnership opportunities were identified and new development strategies were envisioned. The 1995 2001 2004 Detroit Investment Board of Directors Developed targeted Fund founded by focused on market- loan program to members of Detroit rate housing and promote housing Renaissance (now job creation density in the Business Leaders Lower Woodward for Michigan) Corridor public, private and philanthropic sectors recognized the the Auburn and First National Building.
    [Show full text]
  • MICHIGAN MONTHLY ______November, 2018 Diane Klakulak, Editor & Publisher ______
    MICHIGAN MONTHLY ________________________________________________________________________________________________________________ November, 2018 Diane Klakulak, Editor & Publisher __________________________________________________________________________________________________________________ DETROIT LIONS – Ford Field; DetroitLions.com or UNIVERSITY OF MICHIGAN WOLVERINES – 866- FordField.com; on Fox unless otherwise specified 296-MTIX, MGOBLUE.com/Tickets Nov. 4 at Minnesota Vikings; 1 pm Nov. 3 vs. Penn State Nov. 11 at Chicago Bears; 1 pm Nov. 10 at Rutgers Nov. 18 vs. Carolina Panthers; 1 pm Nov. 17 vs. Indiana Nov. 22 vs. Chicago Bears; 12:30 pm; CBS Nov. 24 at Ohio State Buckeyes; noon; Fox Dec. 2 vs. Los Angeles Rams; 1 pm Dec. 1 Big Ten Championship Dec. 9 at Arizona Cardinals; 4:25 pm Dec. 16 at Buffalo Bills; 1 pm MICHIGAN STATE UNIVERSITY – Dec. 23 vs. Minnesota Vikings; 1 pm msuspartans.com Dec. 30 at Green Bay Packers; 1 pm Nov. 3 at Maryland Terrapins DETROIT RED WINGS – LITTLE CAESARS Nov. 10 vs. Ohio State Buckeyes ARENA – on FSD unless otherwise stated Nov. 17 at Nebraska Cornhuskers Nov. 24 vs. Rutgers Scarlet Knights Nov. 1 vs. New Jersey Devils; 7:30 pm Dec. 1 Big Ten Championship Game; 8 pm; Fox Nov. 3 vs. Edmonton Oilers; 7 pm; also CBC Nov. 6 vs. Vancouver Canucks; 7:30 pm; FSD+ DETROIT PISTONS – LITTLE CAESAR’S ARENA Nov. 9 vs. N.Y. Rangers; 7:30 pm Nov. 10 at Carolina Hurricanes; 7 pm Nov. 3 at Philadelphia 76ers; 1 pm Nov. 13 vs. Arizona Coyotes; 7:30 pm Nov. 5 vs. Miami Heat; 7 pm Nov. 15 at Ottawa Senators; 7:30 pm Nov. 7 at Orlando Magic; 7 pm Nov.
    [Show full text]
  • Mergers & Acquisitions
    20120130-NEWS--0001-NAT-CCI-CD_-- 1/27/2012 6:57 PM Page 1 ® www.crainsdetroit.com Vol. 28, No. 5 JANUARY 30 – FEBRUARY 5, 2012 $2 a copy; $59 a year ©Entire contents copyright 2012 by Crain Communications Inc. All rights reserved Page 3 Roncelli rift: Ex-VP fired In signing Fielder, Ilitch Tax credit by brother seeks $36M Developers isn’t stretching dough find a way to make Pizza empire can swallow Tigers’ payroll added to Pontiac BY BILL SHEA prises Inc. co-founder and Tigers owner loft project CRAIN’S DETROIT BUSINESS Mike Ilitch, instead can rely on a variety of revenue sources to meet his upcoming happen No, the iconic Little Caesars $5 Hot-N- payroll, which is likely to surpass $110 Ready pizza isn’t increasing in price to million to $120 million in salaries and autism bills pay for superstar slugger Prince Fielder’s bonuses — a figure that inflates further Business leaders new nine-year, $214 million contract with when benefits are added. updates its New the Detroit Tigers. The payroll includes a combined Ticket prices, set for the 2012 season in $63 million alone this season to Fielder Move intended to offset Michigan plan December, won’t suddenly go up, either. ($23 million), Miguel Cabrera ($21 million) That was the message from Chris Ilitch, and Justin Verlander ($20 million). president of the Ilitch Holdings Inc. family of That spending is typical of markets insurance mandate companies, after the larger than Detroit, but it isn’t thought to Finance Extra Fielder signing BY JAY GREENE be financially stressful for the wealthy Il- CRAIN’S DETROIT BUSINESS was made offi- itches, baseball insiders say.
    [Show full text]
  • 2018 Downtown Detroit Development Update
    2018 DOWNTOWN DETROIT DEVELOPMENT UPDATE MACK MARTIN LUTHER KING JR. N Q I-75 BRUSH GRAND RIVER Little Caesars Arena TABLE OF CONTENTS FISHER FWY I-75 A B C CASS J Fox Theatre WOODWARD Comerica 4 5 6 6 7 CLIFFORD O Park The Fillmore Ford Introduction Development 139 Cadillac 220 West The 607 3RD Field Overview Square MGM Grand Casino ADAMS GRAND CIRCUS PARK D E F G H BEACON PARK G MADISON S K U 7 8 8 9 9 The 751/ 1515-1529 Church of City Club David Stott BAGLEY GRATIOT BROADWAY Marx Moda Woodward Scientology Apartments Building E CBD Detroit WOODWARD WASHINGTON T MICHIGAN AVE. P I-375 I J K L M STATE L Greektown CAPITOL PARK N Casino Hotel 3RD GRATIOT 10 10 11 11 12 1ST Westin BRUSH Detroit Free Detroit Life Element Detroit at The Farwell Gabriel Houze Greektown Press Building Building the Metropolitan Building R Casino M H Building D MONROE LAFAYETTE BEAUBIEN W LAFAYETTE CAMPUS MARTIUS PARK N O P Q R I A W FORT CADILLAC SQUARE 12 13 13 14 14 CONGRESS B THE WOODWARD Hudson’s Little Caesars Louis Kamper and Mike Ilitch One Campus ESPLANADE RANDOLPH Block and Tower World Headquarters Stevens Buildings School of Business Martius Expansion M-10 W CONGRESS C Campus Expansion LARNED W LARNED JEFFERSON SPIRIT PLAZA JEFFERSON S T U Cobo F Center 15 15 15 16-19 20-21 Philip Shinola Siren Special Feature: Public Infrastructure HART Renaissance Capitol Park Projects PLAZA Center Houze Hotel Hotel About The 2018 Development Update 22-23 24 Featured Building Developments Pipeline Methodology Development Project: MoGo Station Developments New Construction and Major Renovation Other Downtown Developments QLINE Park/Public Space The District Detroit Business Improvement Zone (BIZ) Area Bike Lane TOTAL FLOOR AREA TOTAL DOLLARS INVESTED BEING DEVELOPED IN PROJECTS IN REPORT 3,548,988 $1.54 billion square-feet invested $1.179 billion 1,815,000 sq.
    [Show full text]
  • Transit Agency Presentation 35Th Annual DBE Conference
    ANN ARBOR AREA TRANSIT AUTHORITY 2700 S. Industrial Highway, Ann Arbor, MI 48104 Contact: Michelle Whitlow, email: [email protected] Phone:734-794-1813 Fax: 734-973-6338 www.theride.org Projected FY 2014‐2015 Contracting Opportunities: • Electrical services • Soil remediation • Specialized software • Painting • Tires DBE Goal: 1% • Janitorial supplies 0.75% Race • Oil analysis • Roof inspection & repairs Conscious (RC) • Oil & lubricants 0.25% Race • HVAC services • Uniforms Neutral (RN) • Asphalt reseal • Para transit service • Night ride services providers • Ypsilanti transit center renovations Interested in these jobs? Check The Ride’s website weekly! BATTLE CREEK TRANSIT 339 W. Michigan Ave., Battle Creek, MI 49037 Contact: Scott McKenzie, email: [email protected] Phone: 269-966-3558 Fax: 269-966-3421 www.battlecreekmi.gov/living Projected FY 2014‐2015 Contracting Opportunities: Building, grounds & facility maintenance to include: • Administrative offices, conference room, hallways & dispatch area DBE Goal: • Carpeting & painting 0.00153% RN • Driver’s break room & locker rooms: tile, paint, countertops & sinks • Reception area: tile & painting • Exterior: concrete step work & railing Interested in these jobs? Review the Battle Creek website periodically! BLUE WATER TRANSPORTATION COMMISSION 2021 Lapeer Ave., Port Huron, MI 48060 Contact: Lisa DeLong, email: [email protected] Phone: 810-966-4207 Fax: 734-973-6338 www.bwbus.com Projected FY 2014‐2015 Contracting Opportunities: • Supply maintenance equipment • Landscape
    [Show full text]
  • Buhl Building, L.L.C. V. Commonwealth
    IN THE SUPERIOR COURT OF THE STATE OF DELAWARE BUHL BUILDING, L.L.C., ) ) Plaintiff, ) v. ) ) COMMONWEALTH LAND TITLE ) INSURANCE COMPANY, and ) C.A. No.: N17C-03-093 EMD CCLD FIDELITY NATIONAL FINANCIAL, ) INC., ) ) Defendants. ) ) Submitted: May 28, 2019 Decided: August 19, 2019 Upon Defendants’ Motion to Establish Michigan as the Choice-of-Law and Partial Motion to Dismiss GRANTED Kenneth J. Nachbar, Esquire, Alexandra M. Cumings, Esquire, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, Delaware, Bruce S. Sperling, Esquire, Robert D. Cheifetz, Sperling & Slater, P.C., Chicago, Illinois, Attorneys for Plaintiff Buhl Building, L.L.C.. Scott T. Earle, Esquire, Zarwin Baum DeVito Kaplan Schaer Toddy, P.C., Wilmington, Delaware, Attorneys for Defendants Commonwealth Land Title Insurance Company and Fidelity National Financial, Inc. DAVIS, J. I. INTRODUCTION This insurance coverage dispute is assigned to the Complex Commercial Litigation Division of the Court. Plaintiff Buhl Building, LLC (“Buhl”) brings this action against Defendants Commonwealth Land Title Insurance Company (“Commonwealth”) and Fidelity National Financial, Inc. (“FNF”) (collectively, the “Defendants”). Buhl purchased a title insurance policy (the “Contract”) from Commonwealth. FNF is Commonwealth’s parent corporation. The Court has reviewed the Contract and notes that FNF is not a signatory to that agreement. Buhl initiated this civil action by filing a complaint (the “Complaint”). In the Complaint, Buhl alleges that Commonwealth and FNF, working together, failed to provide clean title to a potential buyer of the Buhl’s building and failed to indemnify Buhl. As a result, Buhl contends that Commonwealth and FNF (i) breached the Contract,1 and (ii) acted in bad faith.
    [Show full text]
  • Rocket Fiber's Launch Includes Second Stage
    20150302-NEWS--0001-NAT-CCI-CD_-- 2/27/2015 5:29 PM Page 1 ® www.crainsdetroit.com Vol. 31, No. 9 MARCH 2 – 8, 2015 $2 a copy; $59 a year ©Entire contents copyright 2015 by Crain Communications Inc. All rights reserved Page 3 ROCKET FIBER:PHASE 1 COVERAGE AREA Panasonic unit plays ‘Taps’ ‘To chase for apps, rethinks strategy According to figures provided by Rocket the animal’ Fiber, the download times for ... “Star Wars” movie on Blu-ray: about seven hours at a typical residential Internet speed of Packard Plant owner eyes bids 10 megabits per second but about 4½ minutes at gigabit speed. for historic downtown buildings An album on iTunes: About one minute on LOOKING BACK: ’80s office residential Internet and less than a second BY KIRK PINHO at gigabit speed boom still rumbles in ’burbs CRAIN’S DETROIT BUSINESS Over breakfast at the Inn on Ferry Street in Lions invite Midtown, Fernando Palazuelo slides salt and fans to pepper shakers across the table like chess pieces. They are a representation of his Detroit take a hike real estate strategy. Yes, he says, he’s getting at new Rocket Fiber’s launch ready to make a series of big moves. The new owner of the 3.5 million-square-foot fantasy football camp Packard Plant on the city’s east side has much broader ambitions for his portfolio in the city, which first took notice of him in 2013 when he Retirement Communities bought the shuttered plant — all 47 buildings, all 40 acres — for a mere $405,000 at a Wayne includes second stage County tax foreclosure auction.
    [Show full text]
  • American City: Detroit Architecture, 1845-2005
    A Wayne State University Press Copyrighted Material m er i ca n Detroit Architecture 1845–2005 C Text by Robert Sharoff Photographs by William Zbaren i ty A Painted Turtle book Detroit, Michigan Wayne State University Press Copyrighted Material Contents Preface viii Guardian Building 56 Acknowledgments x David Stott Building 60 Introduction xiii Fisher Building 62 Horace H. Rackham Building 64 American City Coleman A. Young Municipal Center 68 Fort Wayne 2 Turkel House 70 Lighthouse Supply Depot 4 McGregor Memorial Conference Center 72 R. H. Traver Building 6 Lafayette Park 76 Wright-Kay Building 8 One Woodward 80 R. Hirt Jr. Co. Building 10 First Federal Bank Building 82 Chauncey Hurlbut Memorial Gate 12 Frank Murphy Hall of Justice 84 Detroit Cornice and Slate Company 14 Smith, Hinchman, and Grylls Building 86 Wayne County Building 16 Kresge-Ford Building 88 Savoyard Centre 18 SBC Building 90 Belle Isle Conservatory 20 Renaissance Center 92 Harmonie Centre 22 Horace E. Dodge and Son Dime Building 24 Memorial Fountain 96 L. B. King and Company Building 26 Detroit Receiving Hospital 98 Michigan Central Railroad Station 28 Coleman A. Young Community Center 100 R. H. Fyfe’s Shoe Store Building 30 Cobo Hall and Convention Center 102 Orchestra Hall 32 One Detroit Center 104 Detroit Public Library, Main Branch 34 John D. Dingell VA Hospital Cadillac Place 38 and Medical Center 106 Charles H. Wright Museum Women’s City Club 40 of African American History 108 Bankers Trust Company Building 42 Compuware Building 110 James Scott Fountain 44 Cass Technical High School 112 Buhl Building 46 Detroit Institute of Arts 48 Index of Buildings 116 Fox Theatre 50 Index of Architects, Architecture Firms, Penobscot Building 52 Designers, and Artists 118 Park Place Apartments 54 Bibliography 121.
    [Show full text]
  • Gm Renaissance Center Dining | Retail | Entertainment Office | Residential | Lodging
    GM RENAISSANCE CENTER DINING | RETAIL | ENTERTAINMENT OFFICE | RESIDENTIAL | LODGING Photo: John F. Martin Photography www.gmrencen.com SITE OVERVIEW The GM Renaissance Center is the most recognized land- mark in the region. Rising 73 stories above the Detroit River, the Ren Cen anchors the Detroit skyline and riverfront. CENTER of the BUSINESS DISTRICT Composed of three interconnected buildings (Renais- sance Center, Millender Center and River East Center), this class A mixed-use complex is in excess of 6.5 million SF of dining, retail, entertainment, residential, office and lodging space. SOCIAL CENTER The GM Renaissance Center is at the heart of the Detroit entertainment scene with signature restaurants, more than 150 major onsite events annually and easy access to major sporting events, concerts and theatre, casinos and festivals year-round. Connect with 5 million plus visitors annually at the Renaissance Center. CONNECT For the 20,000-25,000 daily visitors, the Ren Cen is truly Michigan’s premier address. FOR MORE INFORMATION, VISIT OUR WEBSITE AT: www.gmrencen.com GM RENAISSANCE CENTER DINING | RETAIL | ENTERTAINMENT OFFICE | RESIDENTIAL | LODGING DINING | RETAIL | ENTERTAINMENT Office workers, visitors and downtown residents can find an essential mix of speciality shops, services and dining conveniently located in the complex. With 165,000 SF of space, this is the largest retail destination in the City. CASUAL DINING • 1,100-seat food court featuring a dozen vendors • Starbucks, Coffee Beanery, Potbelly Sandwich Works, Tim Hortons
    [Show full text]
  • 7300 Woodward 7300 WOODWARD AVENUE, DETROIT
    7300 Woodward 7300 WOODWARD AVENUE, DETROIT RETAIL SPACE AVAILABLE FOR LEASE PLATFORM LEASING & BROKERAGE 2 7300 WOODWARD PLATFORM LEASING & BROKERAGE 3 At the intersection of Woodward and 7300 Woodward Grand Blvd. - where four prominent Detroit 7300 WOODWARD AVENUE, DETROIT neighborhoods converge - is an Albert Kahn 7300 Woodward sits at the prominent intersection of Woodward Avenue and Grand Boulevard where treasure. A dramatic new facade and major the New Center, Milwaukee Junction, Tech Town and North End neighborhoods meet. renovation will make this historic gem a Less than one mile from I-75, I-94 and M-10, 7300 Woodward is easily accessed by area expressways and features ample on-site parking. Additionally, the first QLine streetcar is just steps from the notable landmark at the gateway to Detroit. building, providing convenient transportation to and from Midtown and the CBD. Significant capital investment is underway, modernizing and repositioning the building to attract Peter D. Cummings new office and retail tenants. Improvements include updating the facade, entries, HVAC system and elevators. Executive Chairman & CEO + Access to freeways + public transit + Albert Kahn interior design + Abundant on-site and nearby parking + Marble, brass and art deco finishes 3 04.xx.20 + Value of greater New Center + Walkable retail and F&B Stage of Development NEIGHBORHOOD PROJECT TYPE TOTAL OFFICE North End Office, Retail 210,000 SF ADDRESS TOTAL SIZE TOTAL RETAIL 7300 Woodward Ave. 240,000 SF 30,000 SF ORIGINAL DATE BUILT PARKING AVAILABLE
    [Show full text]