400 Paul Ave (1547) News

OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company ...

OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.”  Mira Murati, OpenAI’s chief technol...

Plans for an entertainment district development in San Jose, California, have been scrapped and replaced with data center plans, it has been announced. Back in 2018, developer Terra Ventures had initially pitched for development known as 'Shops @ Terra'; this would have been an entertainment d...

This week, the San Jose City Council unanimously authorized plans for a sophisticated manufacturing complex and data centers in North San Jose. Denver-based STACK Infrastructure plans to destroy two industrial buildings on a nearly 10-acre parcel, including a former Olympus service center, and...

Silicon Valley is experiencing a surge in the construction of data centers, according to a report by real estate services firm Cushman & Wakefield. At the end of last year, 17 new data centers were either under construction or in development, with a total planned area of 4.7 million square...

With the construction of its dark fiber network, Bandwidth Infrastructure Group (Bandwidth IG) is enhancing connection options for the San Francisco Bay Area's densely populated area of data centers. Critical fiber infrastructure is now available from Santa Clara in the San Francisco Bay Area ...

In McAllen, Texas, Fifteenfortyseven Critical Systems Realty (1547) and Harrison Street have bought a carrier hotel. The two corporations have acquired Chase Tower in McAllen, a 17-story building with a total area of around 209,000 square feet. The specifics of the transaction were not made pu...

Fifteenfortyseven Critical Systems Realty (1547) has plans for a large data center campus in Pennsylvania. The company partnered with Green Fig Land Company (GFLC), a real estate company, to acquire over 100 acres of land to develop a data center campus. The data center will span 2 million squ...

As the need for data grows and grows, demand for data center construction is as strong as ever, however, the boom is being hampered by a number of factors, including supply and labor shortages, and price hikes. In a recent report named 'Data center market conditions update - Q1, 2022,' constru...

CIM Group has completed the sale of four US data centers. The Real estate firm owned the portfolio of data centers with fifteenfortyseven Critical Systems Realty (1547). Harrison Street Real Estate Capital and 1547 bought the facilities from CIM Group. The facilities are located in Cheyenne, W...

Valterra Partners LLC and Fifteenfortyseven Critical Systems Realty LLC have acquired ColoHouse, a managed service provider with headquarters in Miami, Florida. Valterra Partners is an equity firm, while Fifteenfortyseven Critical Systems Realty is a data center Company. The deal also includes...