Rexford Industrial Realty has paid $40 million, or $483.99/sf, for an 82,645-square-foot office property within the Irvine Business Complex in Irvine, Calif. The Los Angeles REIT purchased the property, at 16752 Armstrong Ave., from Griffin Realty Trust Inc., which had acquired it in 2013 for $27.25 million. Newmark brokered the latest deal. The property was built […]

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