Douglas Emmett pays $260M for Beverly Hills medical complex

Douglas Emmett’s $260 million acquisition of the Bedford Collection signals a shift for Beverly Hills’ Golden Triangle, where medical offices now rival luxury retail as a prime driver in the market.  The six‑building, 246,000‑square‑foot outpatient property along Bedford Drive consolidates roughly 80 percent of the block under one owner, giving Douglas Emmett control of one‑third of the city’s medical office inventory, CoStar News reported. In a market known for scarcity and prestige, the purchase underscores how medical space has become a strategic asset, in this case anchored by an affluent clientele and proximity to major hospital systems.  The Bedford Collection is […]This article originally appeared on The Real Deal. Click here to read the full story.