Dan Gilbert's Rock Ventures buys 5 more downtown Detroit buildings

DETROIT (AP) - Quicken Loans chief and founder Dan Gilbert continues to gobble up property in downtown Detroit.

Gilbert's Rock Ventures LLC announced Tuesday the acquisition of five more buildings, pushing the company's downtown real estate investments to 15 buildings and 2.6 million square feet of commercial space.

The recent acquisitions include the nine-story Kresge Building on Woodward, a five-story story building nearby and a three-story building further north. They will be renovated for retail and office or residential use.

Quicken Loans is an online retail mortgage lender. Rock Ventures is the umbrella entity for Gilbert's portfolio of companies, investments and real estate. In all, Rock Ventures has acquired eight downtown buildings this year.

Gilbert has said he hopes to help make downtown a destination for Web and technology-based businesses.

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