Newmark Advises on $5 Billion Joint Venture Partnership to Develop AI/High-Power Computer (HPC) Data Centers Across the U.S.
Newmark Group, Inc. (Nasdaq: NMRK) has announced its role as strategic advisor in a $5 billion joint venture between Blue Owl, Chirisa Technology Parks, and PowerHouse Data Centers. The partnership aims to develop large-scale AI/HPC data centers across the U.S. The initial phase includes delivering 120 megawatts of capacity for CoreWeave in 2025 and 2026 at Chirisa's 350-acre campus near Richmond, Virginia. Future deployments are planned in New Jersey, Pennsylvania, Texas, Kentucky, and Nevada.
Newmark's Co-President of Global Debt & Structured Finance, Jordan Roeschlaub, highlighted the venture as an innovative and flexible capital solution for rapid AI/HPC capacity development. The data center industry is experiencing significant growth, driven by expanding needs of hyperscalers, AI and HPC users, and large enterprises, leading to increased construction and land banking for future development.
Newmark Group, Inc. (Nasdaq: NMRK) ha annunciato il suo ruolo come consulente strategico in una joint venture da 5 miliardi di dollari tra Blue Owl, Chirisa Technology Parks e PowerHouse Data Centers. La partnership mira a sviluppare data center AI/HPC su larga scala negli Stati Uniti. La fase iniziale prevede la fornitura di 120 megawatt di capacità per CoreWeave nel 2025 e 2026 presso il campus di 350 acri di Chirisa, vicino a Richmond, Virginia. Sono previsti ulteriori sviluppi nel New Jersey, Pennsylvania, Texas, Kentucky e Nevada.
Jordan Roeschlaub, Co-Presidente di Global Debt & Structured Finance di Newmark, ha sottolineato la joint venture come una soluzione di capitale innovativa e flessibile per lo sviluppo rapido della capacità AI/HPC. Il settore dei data center sta vivendo una crescita significativa, guidata dalle esigenze crescenti di hyperscalers, utenti di AI e HPC, e grandi imprese, portando a un aumento della costruzione e della speculazione fondiaria per futuri sviluppi.
Newmark Group, Inc. (Nasdaq: NMRK) ha anunciado su papel como asesor estratégico en una joint venture de 5 mil millones de dólares entre Blue Owl, Chirisa Technology Parks y PowerHouse Data Centers. La asociación tiene como objetivo desarrollar centros de datos AI/HPC a gran escala en EE. UU. La fase inicial incluye la entrega de 120 megavatios de capacidad para CoreWeave en 2025 y 2026 en el campus de 350 acres de Chirisa cerca de Richmond, Virginia. Se planean despliegues futuros en Nueva Jersey, Pennsylvania, Texas, Kentucky y Nevada.
Jordan Roeschlaub, Co-Presidente de Global Debt & Structured Finance de Newmark, destacó la empresa como una solución de capital innovadora y flexible para el desarrollo rápido de la capacidad AI/HPC. La industria de centros de datos está experimentando un crecimiento significativo, impulsado por las crecientes necesidades de hyperscalers, usuarios de AI y HPC, y grandes empresas, lo que lleva a un aumento en la construcción y la adquisición de tierras para desarrollos futuros.
Newmark Group, Inc. (Nasdaq: NMRK)는 Blue Owl, Chirisa Technology Parks, PowerHouse Data Centers 간의 50억 달러 규모의 합작 투자에서 전략 자문 역할을 발표했습니다. 이 파트너십은 미국 전역에 대규모 AI/HPC 데이터 센터를 개발하는 것을 목표로 하고 있습니다. 초기 단계에서는 2025년과 2026년에 Chirisa의 350에이커 캠퍼스에서 CoreWeave를 위한 120메가와트의 용량을 제공할 예정입니다. 향후 뉴저지, 펜실베이니아, 텍사스, 켄터키 및 네바다에서 배치가 계획되어 있습니다.
Newmark의 글로벌 부채 및 구조 금융 공동 사장인 Jordan Roeschlaub는 이 합작 투자를 신속한 AI/HPC 용량 개발을 위한 혁신적이고 유연한 자본 솔루션으로 강조했습니다. 데이터 센터 산업은 하이퍼스케일러, AI 및 HPC 사용자, 대기업의 증가하는 요구로 인해 상당한 성장을 경험하고 있으며, 이는 향후 개발을 위한 건설 및 토지 구매 증가로 이어지고 있습니다.
Newmark Group, Inc. (Nasdaq: NMRK) a annoncé son rôle en tant que conseiller stratégique dans une joint venture de 5 milliards de dollars entre Blue Owl, Chirisa Technology Parks et PowerHouse Data Centers. Le partenariat vise à développer des centres de données AI/HPC à grande échelle aux États-Unis. La phase initiale comprend la livraison de 120 mégawatts de capacité pour CoreWeave en 2025 et 2026 sur le campus de 350 acres de Chirisa près de Richmond, Virginie. Des déploiements futurs sont prévus dans le New Jersey, en Pennsylvanie, au Texas, au Kentucky et au Nevada.
Jordan Roeschlaub, Co-Président de Global Debt & Structured Finance chez Newmark, a souligné cette joint venture comme une solution de capital innovante et flexible pour le développement rapide de la capacité AI/HPC. L'industrie des centres de données connaît une croissance significative, alimentée par les besoins croissants des hyperscalers, des utilisateurs d'IA et de HPC, ainsi que des grandes entreprises, ce qui entraîne une augmentation de la construction et de l'acquisition de terrains pour des développements futurs.
Die Newmark Group, Inc. (Nasdaq: NMRK) hat ihre Rolle als strategischer Berater in einem 5-Milliarden-Dollar-Joint-Venture zwischen Blue Owl, Chirisa Technology Parks und PowerHouse Data Centers bekannt gegeben. Die Partnerschaft hat zum Ziel, großangelegte AI/HPC-Rechenzentren in den USA zu entwickeln. Die erste Phase umfasst die Lieferung von 120 Megawatt Kapazität für CoreWeave in den Jahren 2025 und 2026 auf dem 350 Hektar großen Campus von Chirisa in der Nähe von Richmond, Virginia. Zukünftige Umsetzungen sind in New Jersey, Pennsylvania, Texas, Kentucky und Nevada geplant.
Jordan Roeschlaub, Co-Präsident von Global Debt & Structured Finance bei Newmark, hob das Joint Venture als eine innovativen und flexiblen Kapitallösung für die rasante Entwicklung der AI/HPC-Kapazität hervor. Die Rechenzentrumsbranche erlebt ein signifikantes Wachstum, das durch die steigenden Anforderungen von Hyperscalern, AI- und HPC-Nutzern sowie großen Unternehmen vorangetrieben wird, was zu erhöhtem Bau und Landbanking für zukünftige Entwicklungen führt.
- Newmark secures advisory role in a $5 billion joint venture for AI/HPC data center development
- Initial phase includes 120 megawatts of capacity for CoreWeave, to be delivered in 2025 and 2026
- Planned expansion into multiple states indicates potential for significant market growth
- Venture addresses rapidly growing demand in the data center industry
- None.
Insights
This $5 billion joint venture marks a significant investment in AI and HPC data center infrastructure, reflecting the surging demand in this sector. The partnership between Blue Owl, Chirisa and PowerHouse Data Centers, with Newmark as the strategic advisor, demonstrates a strategic move to capitalize on the growing need for advanced computing facilities.
The initial phase, delivering 120 megawatts of capacity for CoreWeave, represents a substantial commitment. The planned expansion across multiple states indicates a long-term growth strategy. This large-scale investment could potentially yield significant returns, given the increasing demand for AI and HPC capabilities. However, investors should be aware of the capital-intensive nature of data center development and potential regulatory challenges in different locations.
The focus on AI and HPC data centers is a forward-thinking approach, aligning with the exponential growth in AI applications and high-performance computing needs. The 350-acre campus near Richmond, Virginia, offers substantial space for expansion, important for accommodating the rapidly evolving AI infrastructure requirements.
The multi-state deployment strategy, including both brownfield and greenfield sites, provides geographical diversity and potentially faster time-to-market in some locations. This approach could offer a competitive edge in serving diverse client needs across the U.S. However, the success of this venture will heavily depend on the ability to deliver cutting-edge infrastructure that can keep pace with the rapidly advancing AI and HPC technologies.
Newmark's research highlighting the rapid growth in the data center industry, particularly driven by AI and HPC users, underscores the timeliness of this joint venture. The all-time high construction pipelines in 2024 indicate a highly competitive market. This JV's substantial financial backing and strategic partnerships could position it favorably in this landscape.
However, investors should consider potential market saturation risks as numerous players rush to meet the surging demand. The venture's success will likely hinge on its ability to differentiate its offerings, possibly through advanced cooling technologies, renewable energy integration, or superior AI-optimized architectures. The involvement of established players like Blue Owl and Newmark adds credibility, potentially attracting high-profile clients in this competitive sector.
The Partnership is Between Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers
As the first stage of the partnership, the JV will provide capital to develop turnkey AI/HPC data center assets. The initial 120 megawatts of capacity under the program will be delivered for CoreWeave in 2025 and 2026 at Chirisa's 350-acre campus near
"This joint venture represents an innovative and flexible capital solution allowing for the rapid development of new AI/HPC capacity across
Newmark Research reported in January that the data center industry is growing rapidly, fueled by expanding needs of hyperscalers, AI and HPC users and large enterprises. The increased demand has spurred a surge in new development and land banking for future development, with data center construction pipelines hitting new all-time highs in 2024.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately
About Ares Management Corporation
Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. They provide flexible capital to support businesses and create value for their stakeholders and within our communities. By collaborating across our investment groups, Ares aims to deliver consistent and attractive investment returns throughout market cycles.
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Siemens continues to enable new technology and solutions by investing in the future. With a portfolio spanning 17 countries, Siemens offers customized and flexible financing solutions based on client specific needs. Their forward-looking approach, innovative solutions, and strong team of over 80 dedicated experts help evaluate new market opportunities in conventional and renewable power and energy, healthcare, mobility and transportation, smart infrastructure and building technologies. They support sustainable causes by providing the equity capital needed for digitalization, urbanization, and smart applications, as well as as-a-service models.
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Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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FAQ
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