Tag:

Data Center

$172.1M SALE: Massive Fredericksburg Warehouse Changes Hands As Data Center Boom Continues $172.1M SALE: Massive Fredericksburg Warehouse Changes Hands As Data Center Boom Continues $172.1M SALE: Massive Fredericksburg Warehouse Changes Hands As Data Center Boom Continues
$172.1M Sale: Massive Fredericksburg Warehouse Changes Hands As Data Center Boom Continues A massive Virginia warehouse built to support the booming data center industry has changed hands in a staggering $172.1 million deal, according to the real estate firm that arranged the sale. The nearly 1 million-square-foot facility, known as Capitol 95, is located at 211 Centreport Parkway in Fredericksburg and was purchased by an investment fund managed by Morgan Stanley Real Estate Investing, according to JLL Capital Markets, which announced the transaction on Tuesday, Oct. 27. The sale puts a hefty price tag on a property that was only completed earlier this year, highlighting the grow…
Microsoft Offers Buyouts To 60K Employees After Earlier Mass Layoffs Microsoft Offers Buyouts To 60K Employees After Earlier Mass Layoffs Microsoft Offers Buyouts To 60K Employees After Earlier Mass Layoffs
Microsoft Offers Buyouts To 60K Employees After Earlier Mass Layoffs Microsoft is offering buyouts to more than a quarter of its workforce as the tech giant looks to slash costs while spending heavily on AI. The company announced a new voluntary exit program for about 60,000 workers worldwide on Monday, Oct. 26. The offer is available to eligible employees in Canada, India, the United Kingdom, and the US. The buyouts affect about 27% of Microsoft's 223,000 global employees. Workers who accept the offer will receive financial support and career planning resources to help them leave the company. CNBC reported that eligible employees have until December t…
Third Time's A Charm? Virginia Thieves Return To Scene Of $200K Copper Heist At Data Center Third Time's A Charm? Virginia Thieves Return To Scene Of $200K Copper Heist At Data Center Third Time's A Charm? Virginia Thieves Return To Scene Of $200K Copper Heist At Data Center
Third Time's A Charm? Virginia Thieves Return To Scene Of $200K Copper Heist At Data Center Three overnight break-ins, more than $200,000 in stolen copper, and a pair of masked thieves who just keep coming back for more have Virginia investigators hunting for answers. The Culpeper County Sheriff's Office is searching for two suspects believed to be behind a string of thefts at a data center construction site along Germanna Highway, where thieves have struck three times in a month, cutting through locks and fencing to steal valuable materials and equipment. The first break-in happened overnight between Sept. 22 and Sept. 23, when thieves forced their way through the property's fron…