Data Center View - November 4, 2025 - Related to develop $7B campus in Michigan

Good morning. This is Data Center View, and we keep it simple.

→ We are here to serve the owners, brokers, and users who are interested in data center real estate. Do us a favor, and forward this email to your favorite data center pro. They can sign up here.

Now, let’s get to it.

NEWS ROUNDUP

DEVOLOPMENT: Related to develop $7 billion campus in Michigan. Related Companies is making a dramatic entrance into the digital infrastructure space with plans for a $7+ billion data center campus in Saline Township, Michigan, just outside Ann Arbor. Spanning 250 acres, the project—dubbed “The Barn”—will deliver over one gigawatt of computing power, enough to supply 750,000 homes, and stands as the largest private investment in Michigan history.

FUNDRAISING: Meta leverages $30B bond. Meta announced an upsized $30 billion bond offering—the largest corporate bond of 2025—to fund AI initiatives and data center expansion. During the third-quarter earnings call, CEO Mark Zuckerberg emphasized Meta’s goal of becoming the leading frontier AI lab, highlighting the launch of Meta Superintelligence Labs and the company’s focus on scaling compute power to lead the industry.

ENERGY: Amazon expands renewable energy with Avangrid. Amazon has signed a power purchase agreement (PPA) with U.S. energy company Avangrid to supply renewable energy to its data centers from the Oregon Trail Solar Project in Gilliam County, Oregon. Jose Antonio Miranda, Avangrid’s CEO, emphasized that the agreement reflects both companies’ commitment to reliable energy solutions, supporting critical infrastructure and delivering local economic benefits.

MARKET: Equinix reports mixed earnings. Equinix Inc. shares rose over 6% following a mixed third-quarter report. The company reported strong EPS of $3.89, beating estimates by 13%, and AFFO of $9.83 per share, exceeding forecasts by 18%. Despite slightly lower revenue and reduced guidance, investors reacted positively to solid recurring revenue growth and rising bookings.  

READ: 2025 data center outlook.

DATA CENTER PROPERTY FOR SALE

Click on each photo for more information.

240 Acres | Price: $12,000,000 | Price per AC: $50,000 | Excellent Access | Prime Growth Location

7 Acres | Price: $1,295,910 | Commercial Land

ONE MORE THING

→Try our resources for data center pros:

Search Properties | Data Center Real Estate News | Comps | Professional Network | Advertise Listings | Share a Closing Announcement