Blackstone Inc. Sells 48 Warehouses in SoCal for $1 Billion
By
Antonin Navarro
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Blackstone Inc. has sold 48 warehouses in Southern California totaling more than 3 million square feet to Rexford Industrial Realty Inc. for $1 billion. The properties are 98% leased and predominantly located in Los Angeles and Orange counties. The transaction was confirmed by a statement released on Thursday. The sale was handled in separate transactions with Blackstone Real Estate. This move indicates significant activity in the industrial real estate market in the region.