PLEASANTON, Calif. — As the year concludes, there have been few changes in tenancy during the fourth quarter of the year. Much of the anticipated rebound in activity that was expected earlier this year has not materialized owing to a number of conditions; not the least of which have been the new expressions of the Covid-19 pandemic and its impact on business operations. Net occupancy has held fairly constant over the last quarter with only a few tenths of a percent difference in vacancy from the last. Over 160,000 square feet of transactions have occurred to date since January 1 in Hacienda. The park is the largest mixed-use development of its kind in Northern California.
“A sturdier resumption of leasing and occupancy has yet to occur as 2021 comes to a close. While continued interest is espressed in the various product types found at Hacienda, completed transactions are still not at the level hoped for earlier this year” stated James Paxson, Hacienda’s general manager. “Continued uncertainty about how the pandemic will affect business operations is certainly informing what activity does occur. On a more positive note, Hacienda is seeing a good level of new investment happening over the last several months which signals not only confidence in the types of space Hacienda has to offer but also the prospect of greater tenant activity in the future.”
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:
Oracle Explores the Future of Energy at New Smithsonian FUTURES Exhibit
WASHINGTON, D.C. and AUSTIN, TX, November 18, 2021 – A new virtual reality (VR) experience designed to explore a clean energy future will be unveiled at the Smithsonian’s groundbreaking new experience “FUTURES” opening Saturday, November 20th at the historic Arts and Industries Building (AIB). Created by Oracle in collaboration with curators, ‘Future of Energy,’ aims to help visitors better understand how they use energy, ways to conserve it, and their role in building a clean energy future. Time traveling from 1850 to 2050, the goal year for many climate change initiatives, the exhibit invites visitors of all ages to play games and take simple actions to explore how the energy landscape is changing and the steps they can take every day to use less energy and reduce … more.
Simpson Strong-Tie Launches Trades Support Program with Local Habitat for Humanity
PLEASANTON, CA, November 5, 2021 — Simpson Strong-Tie, the leader in engineered structural connectors and building solutions, launched a Trades Support pilot program with Habitat for Humanity East Bay/Silicon Valley. The goal of the program is to garner interest in the trades as a viable career path for youth and for individuals who have recently been out of the workforce.
The pilot was held on October 14, 2021, at Habitat for Humanity East Bay/Silicon Valley’s workshop in Oakland, California. The day-long event included information and resources about careers in the trades, Simpson Strong-Tie product demos and hands-on activities using Simpson Strong-Tie connectors and fasteners along with the Quik Drive® auto-feed screw … more.
AVI-SPL Earns Cisco Customer Experience (CX) Specialization
TAMPA, FL, November 16, 2021 – Today, AVI-SPL, the world’s leading digital enablement services provider, is pleased to announce it has earned the elite Cisco Customer Experience (CX) Specialization certification. With this certification, Cisco recognizes how AVI-SPL’s award-winning managed services successfully connect customers with technology to elevate user experience and create new business value. AVI-SPL also recently earned Cisco Advanced Enterprise Network Specialization in the U.S. and Cisco Advanced Collaboration Specialization in the UK.
At a time when many companies and organizations are rapidly enabling their hybrid work strategies, these high-level certifications demonstrate AVI-SPL’s commitment to being a trusted guide to help customers successfully achieve their business objectives with Cisco technologies. It also places … more.
Hacienda has recently welcomed a number of new tenants to the park. New tenants arriving in Hacienda over the past three months include:
Riverstone Technology Unlimited, 5890 Stoneridge Drive, Suite 209, Pleasanton, CA 94588, www.riverstonetech.com. A software consulting and development firm.
Bridgeway Civil Constructors, Inc., 3825 Hopyard Road, Suite 180, Pleasanton, CA 94588, www.bridgewaycci.com. Building infrastructure to improve safety and mobility throughout California.
Singapore Heng Sheng USA Development Ltd., 5976 W. Las Positas Blvd., Suite 126, Pleasanton, CA 94588, www.hengsheng.us. Providers of a fully integrated suite of real estate advisory services for businesses and Real Estate Investment Trusts.
Three Valleys Community Foundation, 5960 Inglewood Drive, Suite 201, Pleasanton, CA 94588, www.3vcf.org. A foundation working with donors and nonprofits in the Tri-Valley to achieve their impact goals through inclusive leadership, thoughtful funding, informed giving and collaborative action.
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 640 companies that locally employ approximately 18,000 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 nearly 6,000 residents. Residential developments also provide a full spectrum of choices from stylish rental units to single family detached homes.