Rexford Trades Newly Developed Fullerton Industrial to Owner-User
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
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Computed from Real Estate Trail’s own tracked coverage
Cushman & Wakefield arranged the acquisition of a 136,218-square-foot industrial facility located at 1500 S Raymond Ave., less than a mile from the buyer’s headquarters. Terra Universal, Inc. purchased the prope…
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