New Purchases: Rexford Rumbles into 2022 Where It Left 2021

Southern California specialist Rexford Industrial Realty, Inc., had an in-house record year for property purchases in 2021 – and its first batch of 2022 acquisitions maintains that “momentum.” See for yourself, via co-CEOs Howard Schwimmer and Michael Frankel:

“We are pleased to maintain our strong momentum into 2022,” the co-CEOs added, citing the firm’s focus on “high-quality, irreplaceable industrial property with significant embedded value-creation potential within supply-constrained infill Southern California.” (via a released statement)

This 2022 batch includes five industrial properties worth $170 million, with another $450 million in proposed deals either under contract or with already agreed deals.

A notable pickup for Rexford is at 18455 S. Figueroa St. and 501 W. 190th St. in Gardena for $64 million, or $165 per land square foot. At present, this is where the headquarters of Faraday Future sits. Faraday enjoyed an IPO experience last year, via reverse merger.