Oracle Sends Force Majeure Notice on $18B New Mexico Data Center
Oracle triggered a force majeure notice on its $18B New Mexico data center after power and permit delays, as grid capacity reshapes hyperscale site selection.
The through-line of US development, rates, federal policy, capital flows, and the deals and data that move every market at once.
Oracle triggered a force majeure notice on its $18B New Mexico data center after power and permit delays, as grid capacity reshapes hyperscale site selection.
McCord Development beat more than 300 competing site proposals to land it, a playbook other industrial landowners are now racing to copy.
The contract structure, not the roster, is the story for anyone bidding this work.
The county can no longer block this site. The Army Corps clock still can.
Brookfield's GGP is refinancing the 2.4M SF Oakbrook Center mall with an $800M CMBS loan, retiring a $700M loan and pulling out $65M in equity.
Rather than sell buildings to fund exits, Blackstone is connecting sellers with buyers at whatever price clears, a mark every LP will now cite.
Rexford closed a $1.2B, 22-building industrial sale to EQT. In-place rents run 28% under market, and buyers still priced it at a 5.5% yield.
A sponsor with Brookfield's scale just handed a receiver its second Denver trophy tower in three years. That is a basis signal, not a local story.
The data center loan sits inside CRED iQ's industrial bucket, and its maturity default is a repricing signal for anyone underwriting hyperscale demand as a sure thing.
Court testimony puts the once-billion-dollar portfolio underwater, but Miami-Dade records show a Chetrit entity still on the deed at Flow on the River.
The Park Hill Owners Association settled a construction-defect suit over its 10-unit Winter Park townhome complex for $26.5M, about $2.65M per unit.
Vivmark's first deal since the AvalonBay-Equity Residential merger is $742M for seven Bay Area communities, most already on its own books.
A financing model that skips the 4% credit is the news, not the 102 units.
The read for developers: the 1980s-scale supply wave is being absorbed, and the timing window on distressed deals is starting to close.
Brookfield-backed Compass pulled out in April, Blackstone's QTS dropped its final appeal in July, closing out the country's largest data center siting failure.
Microsoft and Wisconsin ratepayer advocates asked FERC to reject ATC's minimum transmission charge for Microsoft's Mount Pleasant data center.
Entergy Mississippi says Amazon's $25 billion Madison County and Clinton data-center buildout is cutting, not raising, residential power bills.
The nation's largest homebuilder is opening more communities while selling fewer homes in each one, and it is headquartered in the market this audience builds in.
Bloomberg's reported target would roughly triple Microsoft's current footprint. Microsoft's own July earnings call, not the leak, is the number developers should be underwriting to.
NAR finds 10 counties hold 42% of US data centers, and those counties have median home values of $431,750 versus $174,500 elsewhere.
RE/MAX keeps its franchise model and Real keeps its revenue share, but both networks now sit inside one holding company.
BLDR is the sole lead investor in a $25.3M Series A for startup Digs, plus a five-year commercial deal. No shipped product, no cycle-time number yet.
CBRE's own July 29 release confirms the topline. The gap between its narrower 68%-growth infrastructure line and the broader figures its executives cited shows the data-center engine is even hotter than the headline number.
The Daily Index: every notable filing, deal, and approval in US development, ranked by what matters, in one three‑minute read each morning. Free.