Don't worry about the water spots. They are either from the well water I used to use before I moved into the greenhouse, or the pond water which has some sediment even after filtration, that I now use. It's the brown areas I'm concerned about.
It's not on any of the other hundred or so Phrags I have. It was on the plant when I got it, but I hoped it was something cultural and would outgrow it. But the new growths have it, though not yet as dark brown.
I've not sprayed with anything, and I've been watering the Phrags 3x a week during the hot weather. Since the spots have been there for a long time, I don't think it is temperature related.
It seems to be occurring in the middle of the leaves, not at the base or the tips. Since it occurs randomly and not symmetrically, it's not the result of leaves being stuck together -- nor have I seen any evidence of that happening.
Thanks for all the suggestions, though. I guess I'll just have to watch and hope. It doesn't seem to have affected the flowering or the flowers.