Xand Raises $200M For Northeast Data Center Finance

Colocation provider Xand raised its debt financing by a significant margin in order to pursue future acquisitions and data center expansion.

Level 3 Communications Making Moves Toward Profitability

On August 29, 2013 the Denver Post revealed the layoff of 700 Level 3 Communications (LVLT) employees across their global operation. The layoff represents a 6.6% reduction in their 10,600 global workforce. Level 3, based in Broomfield, CO, will lay off 150 of the 2,700 Colorado based employees. This current round of layoffs follows in … Read more

New Jersey Data Center Gold

The data center real estate market is growing rapidly nationwide, and that is especially true in New Jersey. According to the New York Times, the New Jersey data center market is one of the most coveted in the United States. According to the Times, office lease rates can reach $150 per square foot. However, the … Read more

Ashburn Virginia Data Center Supply and Demand Q2, 2013

The nation’s retail and wholesale data center capacity is in modest over-supply in a number of markets due to new capacity coming online as the industry has ramped up in light of changing business conditions and economic progress. The Virginia market, primarily focused around Ashburn, has also been growing rapidly with a little over 2 … Read more