(Bloomberg) -- Blackstone Inc. sold 48 warehouses in Southern California to Rexford Industrial Realty Inc. for $1 billion. Most Read from BloombergFed’s Preferred Inflation Metric Cools While Spending ReboundsTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineApple Plans New iPad Pro for May as Production Ramps Up OverseasBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseSBF’s Best Friends Who Turned on Him Brace for Their PunishmentThe properties total more than