Rexford Bought .4B in SoCal Warehouses in 2022
Rexford Industrial Realty announced that it acquired 10 more warehouses in Southern California, bringing its acquisition total for 2022 to $2.4 bil...
January 9, 2023
1:16 AM
Rexford Industrial Realty announced that it acquired 10 more warehouses in Southern California, bringing its acquisition total for 2022 to $2.4 billion. The Los Angeles-based REIT said it paid $336.2 million for the latest group of industrial properties in L.A.'s South Bay, the San Gabriel Valley and the Inland Empire, parts of 'the largest and highest demand industrial market in the United States.' According to CBRE, the vacancy rates in those three submarkets are 1.2 percent, 0.4 percent and 1.
Greg Cornfield