CBRE has agreed to pay £460 million, about $610 million, for London-based data-center infrastructure contractor Onnec Group. The company could pay another £300 million ($400 million) if Onnec meets growth targets over several years. The acquisition announced October...
Texas has put a statewide brake on new data center approvals, a move with implications for land, development, utilities and communities across one of the country’s most active real estate markets. Gov. Greg Abbott on Sept. 21 directed the Texas Commission on...
Blue Owl Capital (NYSE: OWL), an alternative asset management firm headquartered in New York City, is reportedly planning to launch a publicly traded real estate investment trust (REIT) focused on data centers. According to a Bloomberg report sourced from unnamed...
The Cherokee Nation has implemented a ban on hyperscale data center development on tribally owned and trust lands. The tribe’s ruling follows the release of the Principal Chief’s Data Center Task Force Report, which analyzed the economic and environmental impacts of...
Data centers are popping up in lower-income neighborhoods, fewer retail stores are shutting down, and British homebuyers are looking for air-conditioned residences. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Aug. 10-14....