Masse details Project Double Reed decision

JP Morgan, Starwood Lend $2B on Utah Data Center Project

The demand for data center developments is continuing at an electric pace. A joint venture between CIM Group and Novva Data Centers has secured $2 billion of construction financing to build a 175-megawatt data center campus in suburban Salt Lake City. J.P. Morgan Chase and Starwood Property Trust provided the loan on the development team’s planned 100-ace data facility in West Jordan, Utah. The Wall Street Journal first reported the transaction.…

Banks Loan $2 Billion to Build a 100-Acre AI Data Center in Utah

Developers of a Utah data center have secured one of the biggest construction loans in recent years, the latest sign of the market’s enormous appetite for facilities that provide the backbone for artificial intelligence. JPMorgan Chase and Starwood Property Trust have agreed to lend $2 billion for the 100-acre data center campus in West Jordan, […] The post Banks Loan $2 Billion to Build a 100-Acre AI Data Center in Utah appeared first on OODAlo…

Masse details Project Double Reed decision

BATAVIA — Although Project Double Reed, the codename for the data center proposed by STREAM US Data Centers, LLC, was the last to the party, it has emerged as the choice for placement at the Western New York Science and…

$2 Billion Construction Loan Originated for Utah AI Data Center

The new data center is designed to provide 175 megawatts of continuous power. Continue Reading $2 Billion Construction Loan Originated for Utah AI Data Center The post $2 Billion Construction Loan Originated for Utah AI Data Center appeared first on Weekly Real Estate News.