August 03, 2023 Lumen Technologies
In the second quarter, Lumen Technologies reported a loss of $8.74 billion, a significant decrease from the $344 million profit in the same quarter last year. The company, formerly CenturyLink Enterprise, has lost more than 66 percent of its value this year, reducing its market capitalization to...
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August 01, 2023 QTS Data Centers
The premier property fund of Blackstone, valued at $68 billion, is selling assets and preparing to invest billions in data centers. According to the Financial Times, Blackstone Real Estate Income Trust, or Breit, intends to invest $8 billion in the construction of new data centers through its...
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July 27, 2023 QTS Data Centers
A new campus for its data centers is being built by QTS on 400 acres of land in York County, South Carolina. Citing York County real estate documents, BizJournal reports that two entities linked with QTS Realty Trust LLC have acquired nearly 400 acres off S.C. Highway 274 for more than $11.2...
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May 25, 2023 QTS Data Centers
QTS Realty, owned by Blackstone, has refinanced four data center properties. Citigroup leads a consortium of four institutions that provided the loan. It will be used to refinance QTS' existing $667 million debt and provide the funds necessary to finance tenant build-outs. The refinancing is...
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May 18, 2023 QTS Data Centers
QTS has begun construction work on its Phoenix, Arizona data center PHX2 DC5. The company reportedly broke ground on the facility in March; it is set to span 337,330 sq ft (31,339 sqm) on 85 acres, offering 42 MW of capacity. The company shared that on March 21, it hosted a groundbreaking event...
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May 08, 2023 Novva Data Centers
Novva Data Centers has announced a new data center in Storey County. Set to go live in late 2024, the facility will span 300,000 sqft on a 20 acre-campus and offering 60 MW of capacity. The data center will have a total of six 10MW data halls and accommodate high-density deployments with hot air...
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May 03, 2023 QTS Data Centers
Last week, QTS submitted the third draft of its plans for the controversial and hotly debated Prince William Digital Gateway to the Prince William County government. The updated plan shows the company's intention to increase the size of its proposed buildings. QTS has also requested a waiver to...
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April 27, 2023 QTS Data Centers
QTS Data Centers has refrained from requesting $45 million in tax incentives for its massive data center project near the Westside Trail of the Atlanta BeltLine. According to the Atlanta Business Chronicle, QTS halted its request for incentives for a $1.3 billion proposal involving two data...
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March 21, 2023 Hewlett-Packard
OpsRamp, a provider of IT operations management services, will be acquired by Hewlett Packard Enterprise (HPE), the company has announced. OpsRamp, situated in San Jose, California, controls, automates, and monitors IT infrastructure. Due to the purchase, the IT operations management business...
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February 24, 2023 QTS Data Centers
Following speculation that QTS Realty Trust Inc. was the company seeking new development within Rocky Branch Creek Technology Park, and later confirmation, it looks like the company's Northland data center plans have now fallen through. The company was reportedly set to acquire the property...
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February 09, 2023 QTS Data Centers
QTS may use a Diode Ventures data center in Kansas City, Missouri. In October, Diode signed two non-exclusive fiber easement with QTS Realty Trust Inc. to develop and maintain data transmission infrastructure at the site northeast of I-435 and Highway 169, according to BizJournal. Last year,...
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December 22, 2022 QTS Data Centers
QTS has announced that it has connected its Groningen data center to the Dutch city's new district heating project. The heating project has been built by local utility WarmteStad, which is projected to produce heat for more than 10,000 households, buildings, and knowledge institutions by 2026....
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December 07, 2022 QTS Data Centers
QTS is looking to expand its data center footprint in Prince William County, Northern Virginia. The company previously acquired a property at 10680 University Boulevard in 2018 for $5 million. The property is adjacent to its existing data center in Prince William County. The property was zoned as...
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November 10, 2022 T5 Data Centers
T5 Data Centers has announced that it’s expanding its facility in Chicago, Illinois, in the final 20MW phase of its T5 Chicago facility at 200 Innovation Drive in Elk Grove. Acquired by T5 in 2016, the company first broke ground on an expansion back in 2017; its current expansion offers 140,000...
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November 07, 2022 Lumen Technologies
Lumen has announced that it will sell its Europe, Middle East, and Africa (EMEA) operations to Colt in a $1.8 billion deal. The deal will see Lumen divest its EMEA business, including its data centers, terrestrial and subsea networks, and network equipment in the EMEA region, to Colt. The deal is...
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October 11, 2022 QTS Data Centers
QTS is expanding in Texas, with the addition of a new building to its Irving data center campus. The facility, namely DC5, is located at 6300 Longhorn Drive, and will see an investment of $180 million. According to the company, the facility, which will span 337,190 sq ft, is projected to be...
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September 14, 2022 Novva Data Centers
Novva Data Centers has announced plans for a new 275,000 square foot, 100MW data center based in North Las Vegas, Nevada. The facility will be located on a 20-acre campus with an injection of $400 million and will reportedly be built with sustainability in mind. Renewable energy will be sourced...
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September 08, 2022 Verizon Wireless
Records have been broken in Sacramento, California, as temperatures hit 116F (46.7C) this week. In response, as reported by Baxtel earlier this week, the California Independent System Operator (ISO) – the overseer of the State's electricity generation, issued a Flex Alert, requesting energy users...
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July 26, 2022 QTS Data Centers
QTS recently published its annual ESG report, in which it highlighted its sustainability achievements and the different projects and initiatives it's pursuing in order to expand its commitment to social and environmental responsibility. This follows the company being named as one of America's...
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July 18, 2022 QTS Data Centers
QTS Realty Trust has acquired up to 400 acres of land in Phoenix, Arizona, for $255 million. The data center REIT also acquired land in the Netherlands for $9 million. QTS acquired the Phoenix property from First Industrial Realty Trust Inc. and Merit Partners Inc. QTS currently operates a...
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