Tag: office reits

Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers
World

Blackstone, Digital Realty Team Up to Develop $7 Billion in Data Centers

Investment giant Blackstone and Digital Realty, one of the world’s largest data-center companies, are creating a new venture to develop $7 billion in data centers that will target the largest providers of online content, cloud services and artificial intelligence.The venture plans to develop 10 data centers on four campuses in Frankfurt, Paris and northern Virginia over the next five or six years, the companies said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Hollywood Strike Is Over but Studio-Space Developers Face New Dilemmas
World

Hollywood Strike Is Over but Studio-Space Developers Face New Dilemmas

Real-estate developers that have bet billions of dollars on the streaming boom cheered when striking Hollywood actors reached a tentative agreement last week with major studios and streamers. But that relief over a union deal might prove short-lived. The streaming industry that emerges from the labor battles of 2023 will be different in ways that will likely reduce demand for space by the television and film industry.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8