Blackstone Sells $1 Billion of California Warehouses to Rexford
Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
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Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion.
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Aug 21, 2019
Bloomberg News
,Sales of previously owned U.S. homes increased in July to a five-month high, underscoring stability in the residential real estate market that may be starting to get a boost from falling borrowing costs.
Contract closings rose 2.5 per cent to a 5.42 million annual rate, the National Association of Realtors said Wednesday. That compares with the median forecast of 5.40 million pace projected by economists in a Bloomberg survey. The median sales price increased 4.3 per cent from a year earlier to US$280,800.
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--With assistance from Jordan Yadoo.