Hospital Deal Closed

A Beverly Hills real estate investment company has completed its previously announced acquisition of Tustin Hospital Medical Center, an acute-care institution that closed earlier this year.

G&L; Realty Corp. bought the 10-acre Tustin complex, which includes a medical office, for $4.5 million from an Austin, Texas-based firm that has been in bankruptcy reorganization. G&L; said it is examining alternatives for the closed hospital.