Soluna Breaks Ground on Wind-Powered Data Center
The South Texas facility will generate 166 MW for crypto hosting and AI.
The post Soluna Breaks Ground on Wind-Powered Data Center appeared first on Commercial Property Executive.
The South Texas facility will generate 166 MW for crypto hosting and AI.
The post Soluna Breaks Ground on Wind-Powered Data Center appeared first on Commercial Property Executive.
Newmark secured the financing for the historic office and retail assets.
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The tenant signed its first lease in the building last year.
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The transit-oriented project will include office, retail and other components.
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The Flatiron District property spans 2.3 million square feet.
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Construction activity surged, while deliveries cooled, according to Yardi Research Data.
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JLL brokered the deal on behalf of the seller.
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The industrial properties are in Florida and New Jersey.
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The transaction includes more than 40 buildings in a major southwestern market.
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The deal involves a significant portion of a 1.1 million-square-foot center.
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Two banks co-originated the debt.
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Voya Financial provided the note.
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Previous financing includes a CMBS loan.
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The longtime company executive will step into his new role in January.
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A complete relocation is expected by the end of 2026.
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The private equity firm plans to invest in a variety of commercial and multifamily assets.
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The assets last traded in 2019.
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The transaction includes 53 mission-critical manufacturing assets.
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Proceeds will include a CMBS loan and a mezzanine note.
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The assets traded in two separate transactions.
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