NEWPORT BEACH, CA-Sellers are claiming medical office space is less sensitive to economic slowdowns than general purpose office space. At least that’s the views of two recent sellers in the region.

Michael Schlesinger, founder of Beverly Hills-based Cambra Realty, said it recently when he got one of the highest prices per sf ever paid in Los Angeles for a medical office sale in his headquarters city. And, a financial adviser to Nationwide Health Properties also said it when the Newport Beach, CA-based REIT closed on part of a deal to buy up to $2 billion of medical office properties over the next three years.

Schlesinger sold a 63,276-sf medical office building at 120 S. Spalding Dr. to New York City’s LeFrak Organization for $55 million a little more than a year after a joint venture of Cambra and Angelo Gordon & Co. bought the property for $42 million.

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