Agnes Place Apartments

Financed for $3.4 Million

Agnes Place Apartments LP has financed the Agnes Place Apartments near North Hollywood Street, also known as Hawkins Mill, for $3.4 million, according to The Daily News Public Records Database, www.memphisdailynews.com. AmSouth Bank is the lender.

Tennessee Named Top

State for Biotech Companies

Tennessee has been listed among the nations top states as an attractive location for biotech companies by Business Facilities magazine. Tennessee ranked No. 11 on the list, which compared the states work force against national work force statistics.

Voters Reject

Payroll Tax Initiative

Memphis voters rejected a measure Tuesday that would have authorized the City Council to tax the payroll of workers inside the city of Memphis. About 74 percent of voters went against the tax. Meanwhile, about 61 percent of voters favored a measure requiring Memphis residency for all new city employees, including firefighters and police officers.

CCRFC to Discuss

PILOT Requests

The Center City Revenue Finance Corp. will consider a payment-in-lieu-of-tax request by FT Building LLC for the First Tennessee Building at 165 Madison Ave. at a 9 a.m. meeting Tuesday. The board also will consider PILOT lease requests for property at 130 Keel Ave. and for the Hunt-Phelan property at 533 Beale St.

Rhodes Receives Grant

for Community Partnership

Rhodes College has received a $399,978 Community Outreach Partnership Center grant to establish the Rhodes Hollywood Springdale Partnership. The program is designed to improve conditions in the neighborhood bounded by Jackson Avenue, Hollywood Street, Chelsea Avenue and Springdale/Tunica Streets.