FYI: Business
BY Staff and Oklahoman Reports
Wednesday, November 07, 2012
11/07/12 at 1:24 PM
Correction: A Wednesday Tulsa World Business section story incorrectly identified which shopping center at 81st Street and Harvard Avenue sold for $4 million to Union Bus Station, an Oklahoma City company. The correct shopping center is The Shoppes at Harvard Parke, which is anchored by Hideaway Pizza and Kathleen's Kids. This story has been corrected.
The Shoppes at Harvard Parke sold to OKC company
The Shoppes at Harvard Parke has been sold to an Oklahoma City company for $4 million.
Texas-based Tulsa Retail Properties, also known as RDR Properties, sold the shopping center on the southwest corner of 81st Street and Harvard Avenue to Union Bus Station, an entity headed by John Allen of Tulsa, according to Tulsa County land records.
The multibuilding shopping center, which includes tenants such as Hideaway Pizza and Kathleen's Kids, remains in operation.
- ROBERT EVATT, World Staff Writer
Quarterly profit falls at Blueknight Energy
Some noncash expenses related to debt pushed third-quarter earnings lower at Blueknight Energy Partner LP, the company said Tuesday.
Oklahoma City-based Blueknight said net income was $7.9 million, down from $28.6 million in the third quarter of 2011. That translated into basic and diluted earnings per partnership unit of 10 cents, compared to 38 cents in the year-earlier quarter, the partnership said.
Third-quarter revenue rose slightly to $47.1 million, up from $46.5 million in the third quarter of 2011.
Blueknight said a $17.1 million decrease in a noncash interest expense affected net income in the third quarter.
Earlier, the partnership announced a quarterly cash distribution of 11.25 cents per common unit and 17.87 cents per preferred unit.
- FROM THE OKLAHOMAN
