Friday, November 28, 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

Business Real Estate Press Releases

Coastal Millwork, Risley Padula Construction become first tenants at Blue Clay...

On Wednesday, November 19, New Hanover County’s Blue Clay Business Park officially welcomed its first occupants to the complex. Coastal Millwork Supply Co. and its sister company, Risley Padula Construction Inc., held an open house at the companies’ newly finished 68,000-square-foot facility.

Recent Gov & Nonprofit Real Estate Press Releases

Rep. Cavitt introduces flexibility plan for local parks and recreation boards

State Rep. Cam Cavitt today announced a new legislative plan to add additional layers of flexibility for governance rules that apply to local parks and recreation boards. The legislation would allow counties with populations under 100,000 to reduce the size of their parks and recreation boards from 10 members to 7, saving potentially thousands of dollars in overhead costs each year.