Thursday, November 20, 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

Kansas Housing awards four 4% Low-Income Housing Tax Credit proposals in...

In August, Kansas Housing received 15 applications for the 4% Low Income Housing Tax Credit (LIHTC), equating to more than $21 million in LIHTCs and Kansas Affordable Housing Tax Credits (KAHTC) for the second of two application rounds. Of the four applications awarded, the approved LIHTCs/KAHTCs and PABs will build 406 new units and preserve 119 units: