Newmark Arranges $600 Million Construction Financing for 50 MW Build-to-Suit Data Center for Blue Owl, Chirisa and PowerHouse
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Newmark Group, Inc. has arranged a $600 million construction financing for a 50 MW data center development in Northern Virginia, involving Blue Owl Real Estate, Chirisa, and PowerHouse Data Centers.
December 13, 2024 | 2:15 pm
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Newmark Group, Inc. has successfully arranged a significant $600 million financing deal for a data center project, showcasing its strong capabilities in real estate advisory and finance.
The successful arrangement of a $600 million financing deal for a data center project demonstrates Newmark's strong position and expertise in the real estate finance sector. This could positively impact investor perception and potentially lead to a short-term increase in stock price.
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