Medical office space still gets top dollar in California
Los Angeles Times, April 2, 2008
In popular California markets such as Beverly Hills and Santa Monica, space for medical offices is at a premium and construction of medical facilities is at a standstill. As a result, buyers are spending enormous sums on offices that they hope will repay their investments over the long term. A four-story, 63,276-square-foot building in Beverly Hills, populated mostly by high-profile plastic surgeons, was recently sold for nearly $55 million.