Greenberg Traurig LLP signed a nearly 80K SF lease at the Hines-owned tower.
Processes like obtaining bonds and gaining city permissions can deter MPC project completion, panelists say.
The county council voted to institute a ban on permits for data centers that demand a monthly 25 megawatts or more and don’t yet have a building permit.
The firm's strategy involves using AI to streamline operations and cut costs, which is growing in popularity across industry peers.
Plus the biggest leases, sales and loans this week in New York City.
TPG is reportedly in talks to acquire interconnection data center specialist Netrality from Macquarie Asset Management in a potential $3B deal.
The measure came as PJM Interconnection contends with a massive and politically contentious demand increase wrought by data centers.
The deal included seller financing that matures in 20 years.
A contractor failed to notify the Department of Buildings after cracks were discovered on two newly installed beams.
Rexford is planning to sell up to 8M SF of noncore properties and use the proceeds to pay off debt maturing next year.
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