Real estate briefs from The Oklahoman for April 29, 2017 – NewsOK.com

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OKLAHOMA CITY – Specialty surgery campus changes hands

Physician owners of Oklahoma Center for Orthopaedic & Multi-Specialty Surgery, 8100 S Walker Ave., have sold the three-building campus for $44.4 million to Global Medical REIT in Bethesda, Maryland, which specializes in purchasing property from health care concerns wanting cash rather than real estate.

GMR Oklahoma City LLC bought the property from Cruse-Two LLC, courthouse records show. Founding partner Dr. Tony Cruse could not be reached. Operations were not affected by the transaction, which presumably involved a lease-back of three buildings totaling 96,596 square feet of space built in 2001-02: A hospital, a physical therapy center and an ambulatory surgery center.

Global Medical REIT provides “real estate monetization solutions to health care providers for all of their new and existing facilities,” the investor says at globalmedicalreit.com. “We support continuous-delivery quality care to widespread communities while providing our investors with unparalleled portfolio asset quality.”

Braniff history is commemorated

Braniff Airways Inc. family members, retirees, former employees and enthusiasts attended a tour and historical plaque dedication recently at the Braniff Building, 324 N Robinson Ave. downtown. The 10-story building, constructed in 1923 and listed on the National Register of Historic Places in 1980, was designed by famed architect Solomon Andrew Layton.

The event, presented by Crowe & Dunlevy, Braniff Airways Foundation, the Oklahoma Historical Society, and Preservation Dallas, included a tour of the building, which was the first headquarters of Braniff Airways. Crowe & Dunlevy, the main occupant of the Braniff Building, was one of Braniff Airways’ earliest legal counsels.

Braniff Airways Foundation President Ben Cass presented a historical marker to commemorate the history of the building. Mike S. Braniff, grandson of Braniff Airways co-founder Paul Revere Braniff and son of John Paul Braniff, Sr., attended the tour and dedication, along with Bob Blackburn, executive director of the Oklahoma Historical Society.

Architects honored for school design

Frankfurt Short Bruza Architects received an Outstanding Project Award for excellence in educational facility design for Edmond’s Heartland Middle School in the spring issue of Learning By Design magazine, the premier source for education design innovation and excellence.

A jury of architects and end-users recognized the firm and school for the overall plan, architectural design and for having attributes worthy of imitation. Judging was based on innovation, community need, interior design, sustainability, functional design, and 21st-century learning.

Cyclists to tour historic Oklahoma City

Get a new view of historic Oklahoma City during the city Parks & Recreation Department’s Historic Neighborhood Bicycle Tour. The 12-mile tour will leave from Schlegel Bicycles, 900 N Broadway Ave., at 9:30 a.m. May 6. Cyclists will stop to learn about the history and homes of Lincoln Terrace, Shepherd, Edgemere, Crown Heights, Jefferson Park and more.

The ride is open to all ages and abilities. Children under 12 are welcome on a tandem bike or in a bicycle trailer. Cost is $20. Bring your own water. Registration is required at okc.gov/parksignup, or call 297-3882.

FROM STAFF REPORTS