VITAL STATISTICS
ST. VINCENT MEDICAL CENTER
2131 W. 3rd St., Los Angeles
Deal Value: $66.5 million
The sale of St. Vincent Medical Center in Los Angeles represents a landmark transaction in California’s healthcare real estate market. The transaction involved the transfer of an eight acre, 565,012 square foot urban medical campus located in the heart of Los Angeles – one of the most scrutinized and tightly regulated markets in the country.
The site included a former acute care hospital, multiple specialty medical buildings, structured parking, and supporting infrastructure, requiring deep coordination across land use, entitlement, and adaptive reuse considerations. Key challenges included navigating legacy healthcare regulations, managing multiple stakeholder interests, addressing environmental compliance, and aligning the property’s future use with evolving post-pandemic demands for healthcare and community services.
Given the asset’s institutional legacy, strategic location, and significant redevelopment potential, the transaction required not only technical expertise but also a forward-looking vision. The Cushman & Wakefield team’s ability to successfully negotiate and align the interests of civic, institutional, and private parties – while preserving optionality for the future use of the site – demonstrates a level of brokerage and advisory excellence deserving of industry recognition.
As one of the largest urban healthcare campuses to change hands in recent years, the transaction represents a pivotal moment in the area’s civic and socio-economic landscape.
