Rexford Industrial Realty is the most active buyer of industrial and flex real estate in Orange County. The Costa Mesa-headquartered real estate investment trust has invested nearly $500 million in the market over the past five years, more than its peers Prologis and CenterPoint Properties. Rexford’s acquisitions reached an apex in March 2024 by a $1 billion purchase from Blackstone for a 3 million-square-foot portfolio spanning Los Angeles and Orange County.