July 23, 2015

Infomart's Big Announcement

Infomart Data Centers launched a new carrier-neutral Building Meet-Me Room in Infomart Dallas. President John Sheputis broke the news at Bisnow's Dallas Data Center Extravaganza event Wednesday. Making the announcement even juicier: they are waiving monthly cross-connect fees.

John says the BMMR (within the 1.6M SF Infomart Dallas at 1950 N Stemmons) will upend the traditional Meet-Me Room model by waiving monthly cross-connect fees to encourage interconnection within the carrier-hotel. Until now, Infomart Dallas was one of the nation's largest carrier-hotels without a common BMMR. Infomart Dallas houses 28 unique data center suites and its own 24k SF wholesale suite. John says the new BMMR is designed to facilitate interconnectivity within the carrier-neutral fiber hub, enabling connections between the more than 70 network carriers and all co-location customers within the building. John says the fee-free BMMR will help in keeping connectivity costs low for the data centers within the facility.

 

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Data Center Market Seeing Major Changes

The data center industry has shifted dramatically in just the past seven years, we learned Wednesday at Bisnow's Dallas Data Center Extravaganza at the Dallas Infomart. QTS Realty Trust director of enterprise sales for the Central US Stephen Johnston (right, with colleagues Rikki Wells and Susan Dobbs) says before that, banks wouldn't consider co-location, opting to build their own data centers. Now, they've shifted to wholesale or colo providers, he says. Stephen says the acquisition of Carpathia expands QTS' managed services from 8% to 27%.

Newmark Grubb Knight Frank executive managing director Bryan Loewen (left, with Patronus Data Centers' Ryan Sullivan) says one macro trend he's seeing from consumers is the desire for a mix of all solutions; they're looking for service and not just four walls. He also says the Dallas data center market has remained healthy with sustainable rents despite the growing competition of new data centers coming on line. We also learned that Bryan is a diehard St Louis Cardinals fan. How could you not be with a record like 60-34?

Event panel: Stream Data Centers managing director Anthony Bolner, Digital Realty Trust VP Bryan Marsh, Bryan Loewen, Stephen and Infomart Data Centers president John Sheputis. Bryan Marsh tells us Digital Realty only has 1 MW available in Dallas and has a 3 MW project (all pre-leased) under construction to meet the strong local demand. For Digital Realty, Dallas ranks among their top three markets (others are Northern Virginia and Chicago). Just last week, Digital Realty acquired Telx. (The deal is valued at $1.886B, according to Forbes.com.) Bryan says about 50% of Telx's revenues come from co-location and the rest come from interconnections; Telx's sales force, software and management will add to Digital Realty's business, he says.

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Publisher's Notebook: Goldfinger's Miami

Take a look at the buildings in this famous opening scene of the 1964 movie Goldfinger (please ignore the appalling sexism of the clip—or consider it just a historic artifact).

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We shot this second clip just two days ago. (Our editor has thoughtfully added the old Goldfinger music.) Amazingly, despite a $1B renovation of the Fontainebleau in 2008, the building exteriors are still perfectly preserved 51 years later. (Same with the equally iconic Eden Roc next door, which you can see pics of in 1956 I Love Lucy episodes.) Someone who's parked a yacht across Collins Avenue seems to know their cinematic history.

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Biggest Development Trend in DFW: Mixed-Use

Hillwood Properties is getting into the mixed-use game as the master developer of Frisco Station with a newly formed division, Hillwood Urban. Nebraska Furniture Mart opened up this spring with plans for the 433-acre Grandscape mixed-use project (with 3.9M SF of retail) to follow. Then, there's KDC's CityLine. They're all great examples of why we picked mixed-use as the topic for our Aug. 5 event at the Westin Galleria Dallas. We'll be joined by KDC EVP Walt Mountford, Craig International CEO David Craig, Corinth Properties founder Frank Mihallpoulos and many more. Save your place for Bisnow's Future of Dallas Mixed Use Aug. 5 event by registering here.

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Just Days Away: Our National Multifamily Conference

Los Angeles on July 28 is the site for our annual all-day Bisnow Multifamily Annual Conference ("BMAC—West"), a full day of incredible speakers and networking for industry folks from all over the country, and especially those with interest in the Western US. Check out the blisteringly hot program, and by all means join us!

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There are about 3 million data centers in the US. That's one data center for every 100 people. In 2013, US data centers consumed about 100 billion kilowatt-hours of electricity, representing more than 2% of all US electricity use, according to the Office of Energy Efficiency & Renewable Energy. tonie@bisnow.com