Feb 13, 2023 | Posted by Abdul-Rahman Oladimeji | Virginia
A Virginia facility has negotiated a $44 million loan for a data center owner. According to The Commercial Observer, AC DataCom Digital Infrastructure Investments has obtained permanent financing of $43.8 million to construct a data center in Harrisonburg, Virginia. The 100,000-square-foot dat...
Feb 10, 2023 | Posted by Abdul-Rahman Oladimeji | Virginia
In its most recent earnings call, utility Dominion Energy highlighted the dependability of its service and discussed measures to increase capacity. However, the business, which reported a $42 million loss for the quarter, did not mention how its transmission problems hampered Virginia data cen...
Feb 09, 2023 | Posted by MadalineDunn | Virginia
The Virginia Department of Environmental Quality (DEQ) has announced that it is considering giving data centers more leeway with regard to using backup energy. This, it said, will reportedly preserve data center reliability and is a precautionary measure to protect the region's power grid. It ...
Jan 27, 2023 | Posted by MadalineDunn | Virginia
It looks like another data center could be headed for Virginia, but unusually, this time, it is located in Spotsylvania County, less known for its data centers, and better known for its scenic landscapes. The Spotsylvania County Board of Supervisors is currently reviewing an application for a ...
Oct 31, 2022 | Posted by Abdul-Rahman Oladimeji | Virginia
Blackstone Data Services has announced that it is developing a new crypto-mining data center. The new facility will be located in the Bluestone Business and Technology Park shell building in Virginia’s Tazewell County. Blackstone plans to invest up to $18 million in developing the facility. Ch...
Jun 29, 2022 | Posted by Abdul-Rahman Oladimeji | Virginia
Virginia’s Warrenton town could see the development of data centers skyrocket due to the change of zoning laws. Amazon Web Services has plans to develop a large data center in the town due to the zoning law change. The company filed to develop a 20,400 square meter (220,000 square feet) single...
Jun 22, 2022 | Posted by Abdul-Rahman Oladimeji | Virginia
Finmarc Management Inc. has completed the acquisition of the Virginia-95 Business Park from Boston Properties Inc. The property consists of data center buildings and industrial buildings. The purchase price is $127.5 million. The 740,000 square feet properties feature 11 buildings that compris...
Jun 15, 2022 | Posted by Abdul-Rahman Oladimeji | Virginia
The president of AttoTek, a software development firm, David Martin, has filed for rezoning in Culpeper County, Virginia. The filing details involve rezoning 88 acres of his property around Stevensburg Road and Brandy Road. Once approved, it can lead to over 700,000 square feet (65,000 square ...
Jan 10, 2022 | Posted by MadalineDunn | Virginia
In Virginia's recently released Annual Comprehensive Financial Report, it was revealed that it offered $124.5 million in tax breaks to data centers last year. Comparatively, this is $14 million higher than the amount offered in 2020, which totaled $110.5 million, a figure that has gradually ri...
Sep 21, 2021 | Posted by Abdul-Rahman Oladimeji | Virginia
Prince Edward County in Virginia has established a new tax for data centers. The reasoning behind this is to make the tax more competitive with the surrounding counties in Virginia. Earlier this week, the Board of Supervisors voted unanimously to create a different tax category for computers a...