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Broderick Tower, Elliott Building in downtown Detroit for sale after owner's death

Broderick Tower, Elliott Building in downtown Detroit for sale after owner's death
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Rocket ends tough 2022 with big quarterly loss

Following a rough year for the company and broader mortgage sector, Dan Gilbert's Rocket Companies Inc. closed out 2022 with a quarterly loss of nearly $500 million.

Long the largest mortgage lender in the country, Detroit-based Rocket lost that crown to rival United Wholesale Mortgage in…

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Deadline Detroit | As Interest Rates Rise, Gilbert's Rocket Companies' Profits Plunge 94% From Last Year

Deadline Detroit | As Interest Rates Rise, Gilbert's Rocket Companies' Profits Plunge 94% From Last Year
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Deadline Detroit | Rocket Companies to Bring Thousands of Workers Back to Downtown Detroit


This corner used to be filled with Dan Gilbert's workers before the pandemic.
For more than a year downtown, Detroit has seemed rather empty, full of of vacant offices due to Covid. That's about to change.
Dan Gilbert's Rocket Companies Inc. plans to start brining back thousands of workers to offices, beginning June 7, Crain's Detroit Business reports. The mortgage giant and real estate company is the city's largest employer, with divisions that include Quicken Loans, Rocket Mortgage and Bedrock Detroit. 
The announcement is good news for restaurants and shops downtown that have been hurting. Some have closed.
"I'm very excited about the news," Sam Abdallah, owner of Downtown Snacks, a convenience store in the Ford Building on Griswold in downtown Detroit, told Deadline Detroit. "It's been tough. We've been praying a lot about them coming down."

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Rocket, Dow halt political giving as more companies respond to Capitol insurrection


Rocket Companies' downtown Detroit headquarters
Dan Gilbert's Rocket Companies Inc. and others around the state are taking a hard stand against last week's insurrection and the politicians who they view abetted the violent clash at the U.S. Capitol with votes against certifying the election of President-elect Joe Biden.
Rocket Companies said in a statement to Crain's that it is donating $750,000 to Biden's inauguration committee then "suspending all political giving as we contemplate the role corporations play in the political process."
The company also donated $750,000 to President Donald Trump's inauguration in 2017, and Gilbert attended a fundraiser in Detroit for the then-Republican nominee in 2016.

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