John Gallagher|Detroit Free Press
Here is a list of Dan Gilbert's holdings. The Detroiter announced Wednesday that he's reached a deal to sell Greektown Casino-Hotel for $1 billion.
Quicken Loans
This online mortgage lender is the mother ship of Gilbert's family of companies. Gilbert founded Quicken in 1985 as Rock Financial and has built it into one of the nation's top mortgage lenders.
Cleveland Cavaliers
Gilbert bought this NBA team in 2005 for $375 million. Today, Forbes magazine estimates the team is worth more than $1.3 billion. But running an NBA franchise costs a lot of money. Forbes magazines estimates the team lost $6 million on operations last year.
Casinos
The pending sale of the Greektown Casino-Hotel still leaves Gilbert with several other gaming properties. They include Horseshoe Casino in Baltimore, Jack Cincinnati Casio, and Jack Cleveland Casino, among other properties. Collectively Gilbert has poured hundreds of millions of dollars into these projects.
Detroit real estate
Gilbert moved his Quicken Loans headquarters from the suburbs to downtown Detroit in 2010 and quickly went on a buying spree of downtown properties. Today he owns or controls through master leases somewhere in the range of 100 properties, including many of downtown's iconic skyscrapers — the First National, One Woodward, 1001 Woodward, and more. His downtown workforce has swelled to about 17,000 workers who fill up all these properties.
Projects ahead
Gilbert has mapped out several major downtown projects. Chief among them is the Hudson's site, a mixed-use project that will feature the city's new tallest building, a residential and hotel tower rising more than 100 feet higher than the Renaissance Center. Gilbert broke ground on this unnamed project last December, andit is expected to open about 2022.
He also plans to break ground soon on his Monroe Block project, a series of office, residential, and retail buildings to rise on what is now surface parking lots along Monroe running east from Campus Martius Park. He is also renovating the historic Book Tower, and plans to fill in the back side of his headquarters at One Campus Martius, the former Compuware Building, which was left unfinished when Compuware first built it.
What else
Gilbert's family of companies includes dozens of smaller enterprises, including many tech startups. There is Rocket Fiber, launched in 2014 to provide the city's fastest home and business internet service, and StockX, billed as the first online consumer "stock market of things" for high-demand products like expensive sneakers.
