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Land Manager

A multimillion-dollar business
buying and selling property.

L

You have a large staff, yet you are
personally involved. What drives you?
"I just love this businessi like to
develop personal relationships with
institutional owners of debt and equi-
ties and assist in restructuring, reposi-
tioning and value creation of distressed
properties. I'm proud to say I've per-
sonally been involved in the acquisition
and disposition of real estate worth
more than $2 billion."

How large is your far-flung empire?
"Friedman Real Estate Group has
offices in Atlanta, Ga.; Boca Raton, Fla.;
Columbus, Ohio; Indianapolis, Ind.;
Lexington, Ky.; Nashville, Tenn.; and
Phoenix, Ariz. We deal with compa-
nies like LNR, Midland, Northwestern
Mutual, Capmark, CWCapital, ING,
Crow Holdings and Broadway Partners.
Our association with the global real
estate services company of Newmark
Knight Frank of New York gives us
expertise in helping our clients:'

Who are your largest tenants here?
"Quicken Loans, Honigman Miller
Schwartz and Cohn, ePrize, MARS
Advertising, Centex Homes, Pulte

We applaud David J. Boor and his most significant
accomplishment—winning clients' trust. David has
received this honor for the second consecutive year.

The BLS Group
UBS Financial Services Inc.

Bill Carroll
Contributing Writer

ugging plumbing supplies
around town while out of school
in the summer wasn't exactly
David B. Friedman's cup of tea. He was
happy to help his father, Alfred (Obie)
Friedman, in the plumbing business,
but he dreamed of his own career.
After finishing Southfield-Lathrup
High and getting a finance degree from
Michigan State University, he launched
his career as a real estate broker in 1983.
"My father instilled a work ethic
in me when I was a teen. So later I
knocked on doors 17 times before I con-
vinced someone that I was well-suited
for the real estate business — and I
got a job',' says Friedman, 50, of West
Bloomfield.
In 1987, he and Stan Finsilver
of Orchard Lake formed Finsilver
Friedman Management Co., which
evolved into David Friedman's Friedman
Real Estate Group Inc., now in a facility
with 36,000 square feet of space and 250
employees in Farmington Hills.
Friedman's career as an entrepreneur
took off, with Friedman real estate signs
now dotting many buildings and lots here
and in several states. As president and
CEO, he manages more than 12 million
square feet of commercial property. A typ-
ical day, which might bring in 400 emails,

We salute David J. Boor named
to Barron's Top 1,000 Advisors

David Boor, CRPC®
Senior Vice President-Investments

Daniel Lingeman CRPC®, Vice President-Investments
Mark Steinberg, CFP®, Vice President-Investments
Jonathan M. Modiano, Account Vice President

32300 Northwestern Highway, Suite 150
Farmington Hills, MI 48334
877-951-1200

David Friedman

finds him wheeling and dealing with
owners and brokers around the country.
"We reach out to banks, insurance
companies and similar institutions;
and we buy and manage commercial
property, remodel old homes and sell
them, manage condominiums and
apartments, develop business strategy
for clients, actually help design their
future business around their needs:'
said Friedman. "The key factor here is
similar to buying and selling stock. You
buy property when times are bad, then
sell when times are good again."
Friedman recently organized
Friedman Real Estate Solutions within
Friedman Real Estate Group Inc., to
spearhead his business.

Homes, Lowe's, Allied Automotive,
Cooper Automotive, CSC Healthcare
and Prestolite Wire. We got Quicken
Loans into its new headquarters in the
Compuware Building in downtown
Detroit and helped (Quicken Chairman)
Dan Gilbert buy the Chase Bank
Building and Madison Building down-
town. We're working on other buildings
for him along Woodward Avenue."

You grew up in the suburbs, but are
you a big Detroit booster?
"I'm a strong believer in the revital-
ization and future of downtown Detroit.
Dan Gilbert and the other business
leaders are on the right path to accom-
plishing a comeback for downtown and
the state. One of our problems is trying
to keep young people from leaving the
state. Several young employees left my
company to move to Chicago, California
and elsewhere. But many returned
either because they couldn't get jobs
there, or they felt they just didn't fit in
their new city. There were no relatives
or friends, a strange synagogue, etc.
There's something to be said for grow-
ing up and staying in a friendly atmo-
sphere. I tell this to students when I

Land Manager on page 30

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June 9 • 2011

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