CoreSite SV1 55 S Market News

American Tower subsidiary CoreSite revealed its plans to expand its data center footprints in New Jersey and Colorado. The company revealed that it is already making plans for a data center in New Jersey which will be located adjacent to its NY2 facility at 2 Emerson Lane in Secaucus. It has a...

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 ...

Investment company Stonepeak has increased its investment in CoreSite by $570m. The data center company was acquired in 2021 by American Tower Corporation for $10 billion. After the acquisition, Stonepeak invested $2.5 billion in the data center company in the summer. Stonepeak’s new investmen...

CoreSite has announced the acquisition of a data center in Miami, Florida. The data center acquired is a purpose-built 9,550 square meter (103,000 square feet) facility located at 2100 NW 84th Avenue. The company didn’t reveal the terms of the transaction. CoreSite is naming the new data ce...

Stonepeak has revealed that it is acquiring a 29 percent stake in American Tower’s Coresite data center business. The investment firm will pay $2.5 billion for the stake in the business. The deal is expected to close in Q3 2022, subject to customary closing conditions. According to an annou...

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...

CoreSite has integrated three data centers from American Tower into its data center portfolio. The data centers are located in Florida and Georgia. The three data centers are Orlando OR1, located at 9701 S. John Young Parkway, Orlando, Atlanta AT1, located at 55 Marietta Street NW, Atlanta)...

CoreSite has announced that it has gotten approval from Santa Clara’s Planning Commission for the development of a 200,000 square foot (18,500 square meters) 34MW data center in Silicon Valley. The facility is located at 2905 Stender Way. Coresite only got the approval after going through d...

CoreSite has announced that its VA3 data on its Northern Virginia campus is powered by 100% renewable energy. This move to green has been achieved through Dominion Energy’s 100% Renewable Energy Program, which has a portfolio of locally-sourced solar, hydroelectric, and biomass energy. Com...

According to Reuters, CoreSite is looking at the possibility of a sale. The real estate trust is working with an investment bank to see its options. CoreSite currently operates over 25 data centers across North America. It also has a market of over $8 billion. According to reports, CoreSite ha...

CoreSite has raised $150M in a debt offering, via a private placement to accredited investors. According to CoreSite, the 3.75 percent Senior Notes are due in 2027. The company said the proceeds of the financing will go to refinance existing debt and for general corporate purposes.