FYI: Business
BY LAURIE WINSLOW World Staff Writer
Sunday, July 29, 2012
7/29/12 at 2:16 AM
European Wax Center to open in August
The European Wax Center will open Aug. 27 in Tulsa Hills Shopping Center at 71st Street and U.S. Highway 75.
The newest location of the franchise will offer upscale, affordable and professional waxing.
As part of its Oklahoma debut, the center will host a week of free waxing in late August. Guests can experience European Wax Center's proprietary wax, services and products free.
European Wax Center has 304 locations nationwide and is adding additional units each month. Plans for additional Tulsa locations are in the works.
The team of aestheticians perform waxing on all parts of the face and body, including Brazilian bikini waxes, using 100 percent beeswax developed and produced in France that clings to the hair, not skin, for a more pain-free waxing experience.
Ambassador Hotel Tulsa honored
Ambassador Hotel Tulsa earned the title of "Outstanding Small Property Community Service of the Year" award during the American Hotel & Lodging Association Stars of the Industry Awards.
After earning the honor from the Oklahoma Hotel and Lodging Association, the Ambassador Tulsa was nominated on the national level.
Some of the hotel's projects and promotions include founding Downtown Backpacks in partnership with Tulsa Food Bank, recycling soap and toiletries with Clean the World, sand ponsorships of St. Jude's Dream Home, United Way Day of Caring at Domestic Violence Intervention Shelter and Turn Tulsa Pink promoter for awareness of breast cancer.
Inverness Village refunds $47M to investors
Inverness Village recently closed a bond refunding of approximately $47 million to both institutional and retail investors.
Many of the bond maturities were over-subscribed, which allowed repricing of the long bond's interest rate yield to 5.69 percent, down from the original rate of 5.75 percent.
Inverness Village residents purchased 44 percent of the bonds.
The Series 2012 Bonds were issued to refund a portion of the Series 2007A Variable Rate Revenue Refunding Bonds, to fund a debt service reserve fund and to cover issue costs for the Series 2012 Bonds.
"The strong fixed-rate market allowed Inverness Village to refinance a larger portion of the Series 2007A Bonds than originally anticipated, with $42.9 million being refunded," noted Zeigler Capital Markets, who co-managed the sale with Wells Nelson.
In all, institutional investors purchased bonds in the amount of approximately $26.4 million, while retail investors purchased approximately $21.7 million.
Associated Images:
Inverness Village is a life-care retirement community on 71st Street, west of the Arkansas River. TOM GILBERT / Tulsa World
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