Gilbert’s real estate arm buys newspaper building

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DETROIT (AP) — Businessman Dan Gilbert’s real estate arm
says it’s bought the home of The Detroit News and the Detroit Free
Press.
Bedrock Real Estate Services made the announcement Friday
about its purchase of the Detroit Media Partnership building. The News
says the purchase price wasn’t disclosed.
The 400,000-square-foot building was built in 1917 and designed by famed architect Albert Kahn.
Detroit Media Partnership President Joyce Jenereaux says she’s "thrilled that Bedrock will be the
new owner of our building."
The
Free Press says Bedrock and its affiliates now own, control or manage
more than 60 properties in Detroit’s urban core, totaling more than 9
million square feet of space.
The Detroit Media Partnership
recently announced it will move its headquarters and both newsrooms into
the Federal Reserve Building in October.

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