A new lease on life: medical office growth is revitalizing a moribund L.A. County commercial real estate market.
Los Angeles Business Journal › July 21, 2008
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SPECIAL REPORT: REAL ESTATE QUARTERLY
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A new lease on life: medical office growth is revitalizing a moribund L.A. County commercial real estate market.
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MOST commercial real estate development executives in L.A. may be experiencing a slowdown, but not James Rohan. As senior vice president in charge of development for Pacific Medical Buildings, Rohan has been furiously shuttling between two major projects under construction in the L.A. area: a 190,000-square-foot, $80 million medical office tower next to Huntington Hospital in Pasadena set to open next year and a 97,000-square-foot, $38 million medical office building next to Providence St. Joseph Medical Center in Burbank that will open next month. Those are just two of the largest medical office projects Rohan is overseeing. "Right now, we have a record amount of volume under construction," he said. As if that weren't enough, Rohan is pushing to break ground next year on a 107,000-square-foot medical office project in Torrance that's in the entitlement phase. The San Diego development company is also in...See the full content of this document
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