I live in SF, and I think that Oakland is more dynamic, interesting, diverse and has more energy around it than the city by the bay. 

Job growth/diversity, population growth, landlord laws, path of progressWhat are your overall goals?

Even keep some in stock, bonds and t-bills in a low fee index fund (that is boarderline sacrelidge on this site but since you already have a good nest egg good to stay diverse)2.

A diverse economy and population growth is where you want to be.  

So for instance junior box wants 12 a sq ft where smaller spaces pay 18 sq ft.You also give a more diverse tenant mix to the center and have lower breakeven occupancy serving the debt.You have 16,000 sq ft and the 12,000 sq ft represents 75% of your space.

Future investments will be scrutinized a little bit closer but I see diversity (buying more in that area while building relationships) being a way to reduce risk.From a risk perspective, I see an average level of risk and if I continue to buy in the area, I see that risk diminishing across multiple properties. 

Tekaat that Bakersfield is a diverse economy with more than just oil as an economic base.  

I can see how you'd draw a diverse crowd from the young family to college girls reunion to the over 55 community.  

However, the economic makeup of the employers in the Tampa Bay market is very diverse - Raymond James, MacDill AFB, ValPak, Techdata etc.. so it will come back.

As our economy is rebuilding and becoming more diverse, there won't be any more deals.