Saturday, November 22, 2025

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Meridian Purchases 29,000 SF Parcel in Downtown Long Beach, CA to Build MOB

Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of three existing buildings on five parcels totaling 29,000 square feet of land located in Downtown Long Beach at 1078-1090 Atlantic Boulevard. Meridian paid $2.45 million for the property, which is located across the street from Dignity Health’s St. Mary’s Medical Center, a 389-bed, Level II Trauma Center. Meridian plans to spend approximately $3.1 million on the development of a new, single-story 9,200-square-foot ambulatory, out-patient clinic

Recent Gov & Nonprofit Real Estate Press Releases

Young, Colleagues Introduce Legislation to Repeal Burdensome Federal Housing Mandates

U.S. Senator Todd Young (R-Ind.) joined a group of Republican colleagues inintroducing legislation to eliminate expensive Biden-era Green New Deal housing mandates. The HOUSE Act would repeal the Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) Final Determination on energy efficiency standards for new construction of HUD-and-USDA-financed housing.