For Immediate Release

Contact: James Paxson, General Manager
Hacienda Owners Association
(925) 734-6500

PLEASANTON, Calif. — Hacienda activity has trended positively over the first part of the second quarter with a slight improvement in overall occupancy over the close of the first quarter but still below the close of 2022. Recent improvements have come from activity in both the Office and Flex sectors with no recent changes in either Retail or Warehouse space. 2023 activity to date has been lower than that seen in 2022 with continued uncertainty about Office space demand in particular. Space that had been placed on the market for sub-lease during the fourth quarter of last year and the first quarter of 2023 has played a major role in the current rate of Office space vacancy. While 2022 saw considerable sales activity, none has materialized so far in 2023 and no near-term sales are anticipated. As noted earlier in the year, additional market stabilization will be needed before leasing and sales activities show improvement. The park is the largest mixed-use development of its kind in Northern California.

“While net absorption was positive in May, Hacienda has seen a net loss in absorption since the close of 2022. Recent activity has not offset the large loss of space that has come from sub-lease activity by existing tenants,” noted James Paxson, Hacienda's general manager. "Office and Flex space activity both saw a recent increase. However, current market conditions are not likely to produce enough gains to offset the recent losses sub-leases have produced. There are currently a few new leases that appear imminent that will help to further support occupancy but overall market activity is still weaker than what has been seen over the last few years. We are expecting that there will likely be continued evaluations of space needs that will be reflected in occupancy figures over the course of the year."

Major Business Activity

Here is a summary of just some of what has gone on in Northern California’s largest mixed-use development in the past three months:

Fortune Names Sorenson to America’s Most Innovative Companies

Sorenson, the leading language services provider of inclusive communication services for Deaf, hard-of-hearing, and diverse people, has been named to Fortune’s prestigious list of America’s Most Innovative Companies.

The announcement, made on the multinational business magazine’s website, Fortune.com, is presented by Fortune and Statista Inc., the world-leading statistics portal and industry ranking provider. The award recognizes Sorenson’s innovative activity across three pillars: product innovation, process innovation, and innovation culture. Each pillar was equally weighted and factored into Sorenson’s total score.

The award was based on a holistic view of Sorenson’s innovative activity and the following 3 pillars ... more.

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Kaiser Permanente Named among World’s Most Ethical Companies for 5th time

Organizations that receive this recognition improve communities, build capable and empowered workforces, and foster corporate cultures focused on ethics. This is the fifth year in a row Kaiser Permanente has received the distinction. In fact, Kaiser Permanente has received the honor every year the organization has participated in the selection process.

Kaiser Permanente is one of 135 honorees in 19 countries. In addition, Kaiser Permanente is one of only 2 organizations recognized in the Integrated Healthcare System category for 2023

“Achieving this designation for a 5th consecutive year is an outstanding achievement. Being named one of the World’s Most Ethical CompaniesTM underscores that all of our employees, physicians, and dentists share the belief that.... more.

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DAHLIN Wins Eight Awards at NAHB’s 2022 BALA Awards

NAHB's Best in American Living Awards (BALA) is the building industry's premier residential design awards program and winners exemplify the best of the best in national design trends, as identified by an industry-leading BALA judging panel each year. At NAHB's 2023 International Builders' Show in Las Vegas, DAHLIN received eight 2022 BALA Awards across six projects in locations covering the Pacific Northwest, Pacific, and Rocky Mountain regions.

These projects have been recognized across multiple awards programs for sustainable community design and smart housing solutions. Congratulations to all clients and project teams for their collaborative spirit and project design excellence. Our shared commitment to Passion for Place® pushes the limits of ... more.

New Tenants

Hacienda has welcomed new tenants to the park. New tenants recently arriving in Hacienda include:

A Caring Life Home Health - 5674  Stoneridge Drive
www.aclhomehealth.com
A Caring Life Home Health develops community-based programs that emphasize individualized services and personal choice. ACL Home Health Care is particularly skilled at assessment and program planning directed towards individual specific needs and continuously delivers high quality consumer-directed care for each individuals served.

Dentis Implant USA - 4305 Hacienda Driv, Suite 100
www.dentisusa.com
A company specializing in dental implant products.

Natus Medical Incorporated - 5627 Stoneridge Drive, Suite 308
www.natus.com
Natus Medical Incorporated (Natus) offers medical equipment, software, supplies and services for the diagnosis, monitoring, and treatment of impairments and disorders effecting the brain, neural pathways, and eight sensory nervous systems.

Regional Parks Foundation - 5653 Stoneridge Drive, Suite 119
www.regionalparksfoundation.org
An organization Supports the East Bay Regional Park District through fundraising to provide universal access, environmental stewardship, educational and recreational programs and the acquisition of park lands.

Rhino Diagnostics - 5653 Stoneridge Drive, Suite 121
www.rhinodiagnostics.com
Providers of COVID 19 consulting, testing supplies, results tracking software and full-service testing for businesses, events and schools.

About Hacienda

Hacienda is the largest development of its kind in Northern California. Over 10 million square feet of existing, mixed-use space is occupied by some 630 companies that locally employ over 15,700 people. Hacienda's businesses represent the best and the brightest of contemporary corporate America and provide the home to everything from small offices to regional centers to large campuses for company headquarters. In addition, Hacienda also features homes to approximately 6,000 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.

Contact Information

Hacienda Owners Association
4305 Hacienda Drive, Suite 330, Pleasanton, California  94588-2738
(925) 734-6500 phone     (925) 734-6501 fax
info@hacienda.org e-mail     www.hacienda.org WWW