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Despite the fact that the healthcare industry is growing rapidly, there is a surprisingly lack of new construction in medical office buildings in L.A., according to JLL's Bryan Lewitt.
RedHill Realty Investors and Tokyu Land Corp. sell Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community to a private company.
The opening of the lifestyle brand's downtown Los Angeles location will be followed by citizenM San Francisco Union Square, which is slated to open in October.