The Real Deal - New York Real Estate News

Data centers poised for record year of leasing

Posted: 13 Mar 2021 09:00 AM PST

Data centers appear poised for record growth this year. A recent CBRE report found that demand is strong, and preleasing suggests 2021 a sustained surge, CNBC reported. Data centers https://therealdeal.com/chicago/tag/data-centers/ — essentially large warehouses filled with computing and data storage systems — are measured in power instead of square footage. “We know that there’s already 500 megawatts of new build coming online now, almost 70 percent of which is pre-leased,” said CBRE’s Spencer Levy. “And

Investors bet big on comeback for UK pubs

Posted: 13 Mar 2021 06:00 AM PST

It’s been a tough year for pubs in the United Kingdom, but some investors are more than optimistic that those beloved institutions will bounce back. Los Angeles real estate investor Oaktree Capital Management recently announced it would invest 200 million pounds — or around $278 million — into the recently founded hospitality venture Redcat Pub Co., according to the Wall Street Journal. Redcat was founded by Rooney Anand, the former CEO of Greene King, the