DALLAS — Aligned Energy, a data center developer and operator, will build a 360,000-square-foot colocation facility in Dallas. The project represents an expansion of the company’s 19-acre DFW-01 campus and will increase the development’s critical power capacity by eight megawatts. Construction is underway and is expected to be complete by late
VIENNA, VA. — Phillips Realty Capital has arranged a $67 million refinancing loan for a 199,097-square-foot Tier III data center and office building in Vienna. The borrowers acquired the building in 2016 and immediately began renovations. The funds are being used to refinance the initial construction loan as well as add 130,000 square feet of raised floor, including an 8 MW expansion of critical power. The data center is categorized as a Tier III center due to having 99.982 percent …
CHANDLER, ARIZ. — CBRE Global Investors has purchased a data center, located at 2500 W. Frye Road in Chandler, an eastern suburb of Phoenix, for $72.7 million. The seller was Lincoln Rackhouse, the data center division of Lincoln Property Co., in partnership with Principal Real Estate Investors.
Kristina Metzger and James McCarthy of CBRE Data Center Capital Markets represented the seller in the deal. Lincoln Rackhouse and Principal Real Estate Investors originally purchased the data …
HENDERSON, NEV. — Google has broken ground on a $600 million data center in the metro Las Vegas city of Henderson. The 750,000-square-foot facility sits on a 64-acre site and is expected to open in 2020. It is part of a $13 billion data center and office expansion effort by Google, which also includes facilities in Michigan, Oklahoma and Texas.
MOUNTAIN VIEW, CALIF. — Search engine giant Google has announced a heavy investment in the state of Texas. The company has broken ground on a new $600 million data center in Midlothian. The project will serve as Google’s first data center in Texas. The tech firm has also executed two new office leases in Austin where there are already 1,100 Google employees working across various platforms including Android, G Suite, Google Play, Cloud and general office functions like operations and …
DALLAS AND FORT WORTH, TEXAS — The data center market of
Dallas-Fort Worth (DFW) continued its impressive run in 2018, absorbing 40.2
megawatts of space, according to a recent report from JLL. As a general rule
with data centers, every 150 watts of absorption is equivalent to one square
foot of regular absorption. That figure puts the market third in 2018
absorption behind Phoenix and Northern Virginia. DFW’s inventory of data center
product is expected to grow in 2019, with approximately …
Communication and transparency are always top priorities for commercial lenders and borrowers.
Paul Letourneau, manager of commercial lending at Alliant Credit Union, believes these are the true skills lenders should leverage in today’s market.Letourneau knows we’re long in this cycle — and he says that’s not a bad thing. There is still a great need for capital, but with that demand comes the competition among suppliers. This, Letourneau asserts, has caused lenders like …
GOODYEAR, ARIZ. — Stream Data Centers has purchased an industrial facility on 157 acres in Goodyear. The company plans to establish a data center campus for hyperscale and enterprise customers in the greater Phoenix region. This acquisition marks Stream’s entrance into the Phoenix market.
Stream will redevelop the existing 418,000-square-foot facility. At full build-out, the data center will contain approximately 50 megawatts of critical load. The facility is slated to be fully …
VIEW, CALIF. — Google (Nasdaq: GOOGL) has announced plans for more than $13
billion in investments during 2019 in data centers and offices across the
United States, with major expansions in 14 states.
to a blog post written by Google CEO Sundar Pichai, this will mark the second
year in a row that Google will grow faster outside the Bay Area than within it.
the expansions, Mountain View-based Google expects to hire tens of thousands of
employees across the …
PLANO, TEXAS — Metro Dallas-based brokerage firm ESRP has arranged the sale-leaseback of a 1 million-square-foot office and data center campus in Plano, a northeastern suburb of Dallas. The seller/tenant is NTT Data, a Japanese data systems integration company, and the buyer was an undisclosed, San Francisco-based private equity firm. The property includes two data centers and leasable office space and has the capacity for future data center development. Steve Jarvie, Darren Woodson, Karra …