Ilitch real estate executive plucked by Dan Gilbert’s firm in Detroit
News from MLive.com:

The skyline of the city of Detroit  

DETROIT, MI – Eric Larson, a top executive with the Ilitch family’s Olympia Development of Michigan real estate firm, has left that company to become co-managing partner of Dan Gilbert’s Bedrock Real Estate Services.

Larson was non-executive president of real estate at the company owned by Michael and Marian Ilitch. At Bedrock, he will co-manage the real estate development firm of Quicken Loans founder Dan Gilbert with James Ketai, the firm’s founder and managing partner.

Larson has more than 25 years of experience in real estate development, and has developed, financed, owned and managed more than $ 3.5 billion in real estate in Detroit, according to a release from Quicken Loans. Major developments he was involved in include General Motors’ purchase and development of the Renaissance Center and Millender Center, and the development of One Detroit Center and the Taubman Center for Creative Studies.

“Eric brings a vast amount of experience, expertise and a strong presence in our community. He will be a great and welcome asset,” Ketai said in the release.

Bedrock oversees more than 3.5 million square feet of commercial space in downtown Detroit and elsewhere.

continues on MLive.com

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Austin Real Estate Sales Strong for Early 2013, report the Regent Property …
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Strong Sales are in evidence for the early 2013 Austin real estate market, according to a statistical analysis by esteemed brokerage Regent Property Group, Austin’s premier home search destination.

Austin, Texas (PRWEB) February 18, 2013

Austin real estate brokerage Regent Property Group found that sales in the Austin real estate market in 2013 are proving to be a continuation of the strong upward trends found in 2012. Notably, Austin experienced a 21.25% increase in homes sold, a 14.54% increase in median sold prices, and a 29.33% decrease in days on the market when comparing January 2013 to January 2012.

“We have every indication that Austin’s real estate market is tightening and will continue to do so in the near future,” said

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