An affiliate of SpaceX has paid $185 million, or $235.67/sf, for a 785,000‑square‑foot data center at 3231 Paul R. Lowry Road in Memphis, Tenn. Phoenix Investors of Milwaukee sold the property, which it purchased for $35 million in early 2024. ...
Kathy Hochul, governor of New York, signed an executive order yesterday establishing a one-year moratorium on the development of data-center properties with power capacities of 50 megawatts or more. It's the first statewide ban to be passed in the country. ...
Amazon Data Services Inc. has paid $65 million, or $590.91/sf, for a 110,000‑square‑foot data center in Manassas, Va. The tech giant acquired the property, which sits on 7.66 acres at 7505 Mason King Court, from an affiliate of Menlo Equities ...
Last year, at least 25 data-center projects throughout the country were canceled because of local resistance, a quadrupling of the number of projects that were nixed in 2024, according to Newmark.
Digital Realty has agreed to pay $3.5 billion to increase its ownership stake in three data centers with 288 megawatts of power capacity that are being constructed in Northern Virginia. The data-center REIT, which is developing the properties in a ...
Digital Realty Trust Inc. has paid $475 million for 1,440 acres within Astra Enterprise Park, a 9,000-acre industrial complex in De Soto, Kan., just west of Kansas City. The Austin, Texas, REIT would develop a data center on the land ...
The Daily Herald Officials in Lake County, Ill., are said to be implementing an eight-month moratorium on new data-center projects. Staff for the county, which is a northern suburb of Chicago, are working to establish definitions, zoning classifications, and performance ...
Affinius Capital has raised $900 million for its inaugural data-center investment fund, putting it on the cusp of reaching its $1 billion equity target.
Blue Owl Capital has provided $975 million of financing against Project Helios, a newly constructed data center in Gainesville, Va., which is 34 miles west of Washington, D.C. The loan was arranged by Newmark on behalf of the property owner, ...
Memphis Business Journal An affiliate of SpaceX has paid $185 million, or $235.67/sf, for a 785,000‑square‑foot data center at 3231 Paul R. Lowry Road in Memphis, Tenn. Phoenix Investors of Milwaukee sold the property, which it purchased for $35 million ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
