Meridian Property Company: Morgan Stanley, Meridian Pay $82M for Beverly Hills Medical Plaza

Morgan Stanley and medical real estate developer Meridian Property Company have made a big play in Beverly Hills, Calif. The joint venture announced that it put down $81.5 million for the Beverly Hills Medical Plaza, a 67,510-square-foot, Class A medical office building. The developers will renovate the Gensler-designed, three-story property, which is 88 percent leased [...]