Preview: Hospital Spurs Building Boom

 Developers and medical professionals are eyeing space surrounding the Providence Cedars-Sinai Tarzana Medical Center, with the area poised to become a central health care hub for the West Valley.

The catalyst, real estate developer Mitch Yankowitz told the Business Journal, was when the joint venture between Cedars-Sinai and Providence St. Joseph Health was announced last March to own and operate the Tarzana hospital, with Providence maintaining controlling interest.

Another factor was the continuation of the $524 million Tarzana Reimagined project, an expansion of the Tarzana hospital at 18321 Clark St. As a joint venture partner, Cedars promised to pay 49 percent of the overall cost.

Read the full story in the Dec. 7 issue of the San Fernando Valley Business Journal.