Rexford sells real estate while former co-CEO sells shares
Rexford’s Laura Clark-era has begun. Clark took the corner office April 1 (not an April Fools thing), bringing an official end to co-CEOs Michael Frankel and Howard Schwimmer’s reign. Frankel celebrated early by selling shares. He disposed of more than 23,000 shares in mid-March, each at an around $35 price tag, amounting to $800,000-plus in his pocket. He still owns almost 600,000 shares of common stock — not to mention lots of long-term incentive partnership units and performance units. In other Rexford news, post-Elliott stake, the industrial real estate investment trust posted an update to shareholders, assuring them the company […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Swedish Royal Family’s Many Lavish Palaces
Wild Form designs with "no straight lines" for bar next to New York's Stonewall Inn
Trump National home fetches LA’s priciest contract as transfer taxes remain unanswered question
A 1929 Tudor Lands in the Present—But Still Embraces Its Past
The Design Fiend's Guide to Wimbledon
Eight inspiring homes with bookmaxxed interiors
4 Home Renovation Trends Your Contractor Is Begging You Not to Do
Calvin Klein’s Onetime Hamptons Estate—Plus 4 More Luxury Homes for Sale
“Game of Thrones twist”: Last minute deal spikes ballot measure to kill LA mansion tax
Voters nearly had a chance to gut the 'mansion tax.' Now, L.A. approves $544 million in spending
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA