Federal subpoena lands on Fermi's 17-GW data center project
The Matador campus now carries legal, financial, and delivery risk at once.
August 19
The Sectors Desk 29 stories this week · 254 total
Tech leasing jumps as finance's share of European offices slips
Professional services remain the largest tenant group even as tech's share climbs.
REIT earnings are solid, but rate worries are holding prices down
Most listed REITs raised full-year FFO guidance, and office leasing is picking up. But the equity index's summer slide shows rate worries still outweigh solid fundamentals.
NYC faces a new multifamily shortage: buildings to buy
Large-building sales take a bigger share of New York City multifamily volume as quality inventory thins.
Irvine's Chicago offices 87% leased on premium-space demand
The landlord's fiscal-year leasing numbers show an office recovery that is real but narrow.
Vantage lands Nebius as first South Wales AI Growth Zone tenant
The first capacity lease in the UK's South Wales AI Growth Zone pairs a major campus with a neocloud tenant and tests whether the designation converts into data-center revenue.
Aviva completes Mayfair office rehab with Sona pre-let
The Mayfair scheme is complete and more than half pre-leased, setting a reference point for redeveloped heritage offices.
European AI data center signings quadruple to record 420 megawatts
Neoclouds drove a record first half for European AI data center signings, and the Nordics took two-thirds of the volume.
Australia takes 61% of Asia-Pacific student housing volume
Cross-border capital has tripled the region's market and pushed Australia's lead into secondary hubs, JLL data show.
Pivot turns Nashville office tower into Hilton hotel, timeshare
Pivot paid $55.25 million for the Fifth Third Center and will split the tower between an LXR hotel and Hilton Grand Vacations timeshares.
Multifamily investors sour on the second half but plan to keep buying
Pessimism about the next two quarters has not shaken buying plans. Multifamily is repricing, and its buyers are staying.
The property recovery runs on more than data centers
A drop in construction across office, industrial and apartment markets is giving owners leverage, and the largest brokers are posting double-digit revenue growth.
North America data center absorption hits 25GW record
A 65-point gap between AI support and local acceptance is the new constraint on supply.
BREIT sells last self-storage assets, pours into data centers
Blackstone's real estate trust sold its final 79 storage properties. The proceeds are now funding a data center push.