Good morning. Welcome to Data Center View! In each issue, we cover the top stories, trends, and listings in the data center sector.

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NEWS ROUNDUP

PEOPLE MOVES: Cresa builds data brokerage platform around industry Michael Morris. Cresa is expanding its data center business under Michael Morris, a longtime industry veteran who previously launched Newmark’s data center practice and is now building a full-service platform at Cresa. Morris has already recruited former Newmark colleagues Sumner Putnam and Matt Deutsch while continuing to grow the team.

INSURANCE: Euler targets first insurance-linked securities product for data center environmental risks. Euler ILS Partners is preparing what it says would be the first insurance-linked securities product focused specifically on environmental risks facing data centers. The firm is working with an insurance company to underwrite policies covering catastrophic risks such as tornadoes and rising temperatures, particularly in concentrated data center markets like Texas and Virginia.

MARKET: CBRE posts strong Q1 as data center land work helps drive profit growth. CBRE reported a strong first quarter for 2026, with revenue rising 19% to $10.5 billion and profits coming in ahead of analyst expectations, prompting the company to raise its full-year core earnings outlook to $7.60 to $7.80 per share. A major contributor was data center land development, with executives saying those projects played a significant role in early-year profitability.

MARKET: Blackstone says AI infrastructure push helped lift Q1 profit. Blackstone reported higher first-quarter profit as the firm leaned further into AI-related infrastructure, with CEO Stephen Schwarzman saying the company has become the world’s largest investor in AI infrastructure. Jon Gray added that Blackstone Real Estate Income Trust now has about 23% of its portfolio invested in data centers, helping the vehicle post positive first-quarter returns and its strongest quarterly inflows in three years.

READ: Most new data centers in the US are coming to rural areas.

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