“CIM Group believes that data centers are critical infrastructure assets. We are focused on growing our investment in state-of-the-art data centers throughout North America that accommodate the latest and future technologies,” said Avi Shemesh, co-founder and principal, CIM Group.

Blackstone’s $68 billion flagship property fund is selling assets and preparing to spend billions on data centers. The Financial Times reports that the Blackstone Real Estate Income Trust, or Breit, plans to pump $8bn into building new data centers through its asset QTS Data Centers, as it predicts a surge in artificial intelligence workloads...

"We are excited to partner with Grain to acquire such a dynamic asset with in-place rental income, exceptional tenants, and a value-add growth opportunity."

Northern Virginia, the world’s largest data center market, notched a record for data center absorption in 2022, according to the latest...

Blackstone Group has created two new joint ventures with Corporate Office Properties Trust to acquire five single-tenant data center...

Data servers aren’t just warm to the touch — the market to store them is red hot. The tri-state area’s data center vacancy rate hit an all-time low of 9 percent in the first half of 2022...

“We think the relatively predictable rental revenue from the in-place, long-term lease and the continued geographic diversification of our assets will add value to our overall portfolio.”

...this 25,600 square foot facility is fully leased to a major telecommunications carrier and serves as one of the company’s wireless communications switching centers.

Located 5 minutes from the Cleveland Hopkins International Airport and 15 minutes from downtown Cleveland, this facility benefits from robust fiber connectivity from over seven providers.