Elevation Land Co., Crow Holdings Capital Complete Phase One of Otay Business Park in California
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. San Diego life sciences vacancy remains the lowest in the major life-science clusters, and multifamily fundamentals continue to be supported by a coastal supply ceiling. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 29th San Diego story tracked on the wire in August 2026. All San Diego coverage →
- Disclosed industrial deal value tracked in August 2026: $4.4B across 30 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
SAN DIEGO — Elevation Land Co. and a real estate fund advised by Crow Holdings Capital have completed Phase One of Otay Mesa Business Park, a two-phase, 119-acre industrial and logistics campus in the Otay Mesa submar…
External link. Real Estate Trail does not republish source content.
Related coverage — San Diego · Industrial
Elevation Land Co., Crow Holdings Capital Complete Phase I of Otay Business Park in California
SAN DIEGO — Elevation Land Co. and a real estate fund advised by Crow Holdings Capital have completed Phase I of Otay Business Park, a two-phase, 119-acre industrial and logistics campus in the Otay Mesa submarket of…
U.S. hotel results for week ending 15 August
U.S. hotels posted an 18th straight week of positive year-over-year growth, with national RevPAR up 6.2% to $111.29; San Diego led Top 25 Markets with RevPAR surging 22.8%.
News | Logistics joint venture wraps construction on two-building speculative warehouse project
Local developer breaks ground on 720-acre industrial park
Report shows I-78/I-81 corridor leads region in industrial real estate demand
What Pennsylvania’s data center rules mean for construction
Pennsylvania joins New York and Texas as states pivot from trying to attract data centers to asking who pays for the infrastructure, attorneys say.