CoreSite SV1 55 S Market Data Center News

CoreSite plans new facilities in Secaucus and Denver

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...

December 15, 2023

Abdul-Rahman Oladimeji

CoreSite

OpenAI president Greg Brockman quits as the company fires CEO

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 ...

November 20, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

OpenAI co-founder Sam Altman fired from 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...

November 19, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

Developers in San Jose, California, switch hotel plans for data center development

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...

August 08, 2023

San Francisco Bay Area

North San Jose Slated to Receive New Data Centers

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...

May 12, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

Silicon Valley Sees Surge in Data Center Construction as Tech Giants Expand Operations

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...

April 18, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

Third Completely Diverse Dark Fiber Route Added to Bandwidth IG's San Francisco Bay Area network

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 ...

April 06, 2023

Abdul-Rahman Oladimeji

San Francisco Bay Area

Stonepeak Announces $570m Investment in CoreSite

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...

October 31, 2022

Abdul-Rahman Oladimeji

CoreSite

CoreSite Acquires Hurricane Resistant Data Center in Miami, Florida

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...

October 05, 2022

Abdul-Rahman Oladimeji

CoreSite

CIM Group Lists a 24MW Purpose-built Data Center For Lease in San Francisco

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 t...

September 05, 2022

Abdul-Rahman Oladimeji

San Francisco Bay Area

Stonepeak Acquiring Stake in American Tower's CoreSite For $2.5bn

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...

July 15, 2022

Abdul-Rahman Oladimeji

CoreSite

Material and labor shortages in the data center

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...

June 14, 2022

San Francisco Bay Area

CoreSite Absorbs Three American Tower's Data Centers

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)...

June 09, 2022

Abdul-Rahman Oladimeji

CoreSite

CoreSite Is Developing a 34MW Facility in Silicon Valley

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...

March 04, 2022

Abdul-Rahman Oladimeji

CoreSite

CoreSite’s VA3 Data Center goes green, powered by 100% renewables

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...

December 01, 2021

CoreSite

CoreSite exploring sale

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...

November 12, 2021

Abdul-Rahman Oladimeji

CoreSite

CoreSite raises $150 million in debt offering

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.

May 06, 2020

Eric Bell

CoreSite

CoreSite Attains HIPPA Compliance for 16 data centers

Buiness Wire Press Release LinkCoreSite Realty Corporation Successfully Attains HIPAA Compliance ValidationDENVER--(BUSINESS WIRE)--CoreS...

August 26, 2016

Eric Advinci

CoreSite

Ready to Level up Your Data Center Strategy?

Ready to Level up Your
Data Center Strategy?