Medical office space still gets top dollar in California

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.