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The San Diego-based real estate owner and operator acquired the 235,214-square-foot property in the Warner Center/Woodland Hills area of Los Angeles for $93 million from Fairfield Warner LLC.
Los Angeles-based architectural firm Jerde joins a 10-day trade mission in Asia led by Mayor Garcetti to boost Asian investment and tourism in Los Angeles.
Hospital officials say the new tower will be a part of a planned $215-million campus expansion and modernization effort. Construction on the new patient tower is expected to begin in the first quarter of 2019.