Key Highlights: WiredRE has advised over half of the top banks in the US in transactions up to $100 million. Financial Partner was identified in first 90 days of WiredRE engagement. Transaction follows record revenue growth for WiredRE in First-Half of 2013. First phase capital cost is expected to approach $100 million. Vegas, NV and … Read more
Net Access announced an expansion project to its Parsippany II facility in New Jersey that will nearly triple the data center’s size.
Iron Mountain announced that the company broke ground on a Boston data center, slated to open in early 2014.
Sentinel announced the completion of the first 50,000 sq. ft. phase of its North Carolina data center colocation facility.
A ruling in the Energy Department’s ESPC contract with Lockheed Martin could have a substantial impact on future data center finance.
Ajubeo will continue its partnership with FORTRUST and IO.Anywhere modular data centers in its New York metro area expansion project.
Colocation provider Xand raised its debt financing by a significant margin in order to pursue future acquisitions and data center expansion.
Data center downtime continues to be a costly problem for enterprises, especially those that rely more than ever on colocation facilities for mission-critical business needs.
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
In May of 2013 an interesting event stirred up the long brewing subject of maintenance capital expenses for public data center companies. The catalyst was a presentation at the 2013 Sohn investment conference, in which a presenter questioned accounting practices regarding maintenance cap-ex. Read our WiredRE report on colocation data center maintenance cap-ex in the … Read more
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