TITLE

How GM hid its interest in the tallest building to town

AUTHOR(S)
Duggan, Daniel
PUB. DATE
May 2008
SOURCE
Crain's Detroit Business;5/12/2008, Vol. 24 Issue 19, p39
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on how automobile maker General Motors Corp. (GM) hid its interest in buying the Renaissance Center in Detroit, Michigan in 1996. Despite numerous efforts from Matt Cullen, GM's former executive, then-Executive Vice President Harry Pearce, and Chairman John Smith, the company lost the deal, and hid behind the real estate investment trust, Hines Interests LP. As reported, GM told Hines to just keep doing what it was doing but to get the building for GM instead.
ACCESSION #
32185620

 

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