Rexford Industrial Realty, Inc. (NYSE:REXR) acquired 1020 Bixby Drive in Los Angeles for $16.4 million on January 3, 2022. The initial 3.6% unlevered cash yield is projected to grow to a stabilized unlevered cash yield on total investment of 4.5%. Rexford Industrial Realty, Inc. (NYSE:REXR) completed the acquisition of 1020 Bixby Drive in Los Angeles on January 3, 2022.