February 18, 2013 by Benji
I was meeting with a client last week who asked me if I thought Dan Gilbert’s buying spree was over, he said something along the lines of “how much more can he possibly buy and fill up”. While I wish I had the inside track to the Rock Ventures business plan, I don’t so I told him we should keep moving forward with his plan with the best knowledge he has available, and not wait to find out what Dan Gilbert is doing. After all he is not waiting to find out what we are doing.
Luckily, Crain’s published this article today. What ever the plan is, Rock Ventures doesn’t appear to be slowing down. They hired Eric Larson to be a managing partner, they must have some more plans cooking.
Gilbert’s Bedrock hires real estate developer Eric Larson as co-managing partner
Longtime real estate developer Eric Larson, who has been instrumental in the Ilitches’ proposal for a new hockey arena in Detroit, has been named co-managing partner for Bedrock Real Estate Services LLC, the real estate arm of Dan Gilbert’s Rock Ventures LLC.
Larson, founder, president and CEO of Larson Realty Group of Bloomfield Hills, joins James Ketai, Bedrock’s managing partner, Bedrock said in a news release. Bedrock is an entity co-owned by Ketai and Gilbert.
A real estate developer with more than 25 years of experience, Larson will concentrate on master planning, acquisitions, development and leasing activities for Rock Ventures.
In October 2011, Larson was named nonexecutive president of Olympia Development Co., owned by Mike and Marian Ilitch. Olympia handles the real estate for all their companies, including Little Caesar Enterprises Inc., the Detroit Tigers and the Detroit Red Wings, and is overseeing the proposed development of a new hockey arena for the Wings.
In December, Larson spoke to the Michigan Legislature about the proposed arena project.
Larson also is a former vice president of Houston-based Hines Interests LP and worked for the company on its development of the One Detroit Center office tower in Detroit and on the redevelopment of the Renaissance Center.
Larson recently developed the A. Alfred Taubman Center at the College for Creative Studies in Detroit’s New Center.
Larson serves as chairman of the Urban Land Institute‘s Robert C. Larson Leadership Initiative, The Detroit Parade Co. Board of Directors and the ULI’s Michigan Governance Committee. He has served as chairman of Detroit Downtown Inc., the Detroit Downtown Partnership and The Detroit Business Improvement District, among others.