Rexford jacks sell-off target up to $2B  

Publicly traded outfits have their favorite buzzwords. Very-vanilla industrial REIT Rexford used about all of them on its Friday earnings call: opportunistic dispositions, accretive capital recycling, operational rigor, outsized total shareholder returns. But here’s what you need to know: It is only the beginning of earnings season, so stay tuned. Done deal downtown? It’s official. A bankruptcy court approved the sale of downtown Los Angeles’ eyesore, the graffiti-covered, abandoned three-tower mega-development called Oceanwide Plaza. After the city of Los Angeles and other parties pulled their objections, and an hours-long hearing, federal judge Deborah J. Saltzman signed off. Her decision wasn’t […]

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