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The facility will cover nearly 200,000ft², include up to 40 inpatient beds and create 250 jobs in the area.
The tower is designed by Kohn Pedersen Fox and will feature a range of amenities.
The dam rebuild will address seismic risks, restore reservoir capacity and support water security for Santa Clara County residents.
Morgan Stanley advised on 15 transactions with a total value of $81.3bn during the period.
