DETROIT-A low-income multifamily rental complex on Brainard Street between Second and Third avenues and a shopping center at Warren and Conner avenues in the Motor City are the latest recipients of state tax credits for brownfield redevelopment.

ANN ARBOR, MI–The Willowtree Apartments and Willowtree Towers also are priced individually. The 163-unit Willowtree Towers is priced at at $10.3 million, with a 7.33% capitalization rate, while the 312-unit Willowtree Apartments is listed at $23.2 million, with a 7.67% cap rate.

SOUTHIELD, MI-Global Equities and Loans, Inc. buys two multifamily rental complexes here and plans to go condo with at least one. The properties carried an asking price in excess of $42 million.

DETROIT-Leaders of the Wayne County and state economic development agencies will be speaking at an August luncheon. Among them are newly appointed director Mulugetta Birru of the Greater Wayne County Economic Development Corp.

DETROIT-The Downtown Campus Martius park will soon be home to a new French-inspired restaurant, Au Bon Pain, which is making its debut in the southeast Michigan market.

ROCHESTER HILLS, MI-SmartZone investment in Oakland County exceeds $84 million in the first half of the year, a new report says, spurred by $878,000 in public money.

FERNDALE, MI-bd's mongolian barbeque officials have announced they have refinanced $7 million in existing debt with GE Commercial Finance and will build two new Michigan restaurants.

CHELSEA, MI-The state and city are lining up behind a $4-million plan to redevelop the 182,000-sf former Glazier Stove Factory into office, retail and residential space.