May 06, 2024 GI Partners
Investment firm GI Partners this week announced the closing of the acquisition of Pennsylvanian regional fiber firm DQE Communications from DQE’s parent company, Pittsburgh-based Duquesne Light Holdings Inc. The company has also appointed Michael T. Sicoli as CEO of the company, effective...
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February 09, 2024 GI Partners
GI Partners' managing director, John Sheputis, who has been with the company for over four years, has now announced his resignation. According to his LinkedIn profile, he left the MD role in November 2023, carrying on as a senior advisor until the end of the year before finally departing. He is...
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January 18, 2024 GI Partners
GI Partners-owned company LightEdge this week announced it had acquired a 76,000-square-foot, 3.6MW facility, located at 1708 West Creek Lane in Carver County, Chaska, Minnesota. This data center houses 30,000 square feet of data hall space across three private data center suites. LightEdge also...
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November 20, 2023 San Francisco Bay Area
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...
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November 19, 2023 San Francisco Bay Area
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 technology...
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August 08, 2023 San Francisco Bay Area
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...
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May 12, 2023 San Francisco Bay Area
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...
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April 18, 2023 San Francisco Bay Area
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...
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April 06, 2023 San Francisco Bay Area
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 to...
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September 05, 2022 San Francisco Bay Area
JLL and CIM Group have listed a new purpose-built data center for lease. The data center is located at 400 Paul Avenue in San Francisco, California. The data center offers 24MW of power across 182,250 square feet of two-story powered shell building on 7.3 acres. Per additional information in the...
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June 14, 2022 San Francisco Bay Area
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,'...
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May 19, 2022 GI Partners
GI Partners has completed the acquisition of a data center in Sterling, Virginia. The investment firm announced that it acquired the 22262 Cloud Plaza from Sentinel Data Centers. The companies did not reveal the terms of the deal. 22262 Cloud Plaza was first launched and fully commissioned in...
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September 14, 2021 GI Partners
GI Partners has completed the acquisition of Des Moines-based colocation provider LightEdge. LightEdge operates seven data centers in Kansas City, Des Moines, Raleigh, Austin, and Omaha. Anschutz Corporation has owned the majority of the firm since 2018. CEO of LightEdge, Jim Masterson, said he’s...
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July 14, 2021 GI Partners
GI Partners has launched the GI Real Estate Essential Tech + Science Fund (ETS Fund), which will look to acquire data center properties and life sciences assets. The fund will also focus on always-on R&D facilities in the office and industrial sectors. Former president of Infomart, John...
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