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- Data Center View - September 24, 2025 - $75M property transfer sets stage for $4B investment
Data Center View - September 24, 2025 - $75M property transfer sets stage for $4B investment
Soluna tops 1GW. CyrusOne and Calpine launch $1.2B hyperscale data center. Novva buys $181M land site. Data center energy use demands green shift. Two new data center deals.
Matt H
September 24, 2025
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NEWS ROUNDUP
DEVELOPMENT: $75 million property transfer sets stage for $4 billion investment. The former LSC Communications plant at 216 Greenfield Road in Lancaster has sold for $75 million to LPE 01 Propco, a Blue Owl Capital affiliate, ahead of a $4 billion data center investment led by Blue Owl, Chirisa Technology Parks, and Machine Investment Group. The site will house a large-scale data center slated to go live by summer 2027, as part of the group’s broader plan to build AI and cloud infrastructure in partnership with CoreWeave.
DEVELOPMENT: Soluna tops 1GW with Texas wind and solar-powered data centers. Soluna Holdings has surpassed 1GW of renewable-powered data center projects by launching Project Fei and Project Gladys in Texas. Project Fei, a 100MW solar-powered facility in northern Texas, honors AI pioneer Dr. Fei-Fei Li. Project Gladys, a 150MW wind-powered site in southeast Texas, is named after GPS pioneer Dr. Gladys West. CEO John Belizaire says the milestone puts Soluna on par with cloud giants like Amazon and Google in green computing capacity.
DEVELOPMENT: CyrusOne and Calpine launch $1.2 billion hyperscale data center in Texas. CyrusOne and Calpine Corporation are building a $1.2 billion, 190MW hyperscale data center in Bosque County, Texas. Slated for completion by late 2026, the DFW10 campus will be the first U.S. data center co-located with an existing power plant. CyrusOne COO John Hatem and Calpine EVP Rick Peña highlighted the project’s innovation.
ACQUSITION: Novva buys $181 million land site in North Las Vegas for potential data center. VanTrust Real Estate sold 205 acres in Apex Industrial Park, North Las Vegas, to Utah-based Novva Data Centers for nearly $181 million. While VanTrust EVP Keith Earnest confirmed the land sale, he declined to name the buyer. Novva, which already operates a nearby data center, is expected to expand operations amid growing AI-driven demand for data infrastructure.
DATA CENTER PROPERTY FOR SALE
Click on each photo for more information.
1001 Fort Crook Road North, Bellevue, NE 68005
Cap Rate: 6% | NOI: $582,000 | 100,000 Total SF | Four Diesel Generators With a Total of 5,500 kW | Sale Price: $9,700,000
Data Center Development Site | 1912 Stafford Street Ext. Monroe, NC 28110
55.96 Acres | 12MW of Power Readily Available | Site Can Be Subdivided
ONE MORE THING
Why AI is a house of cards:
1. You pay $200 a year for an AI app (like Cursor).
2. Cursor pays OpenAI $500 for API tokens ($300 of which is VC funding).
3. OpenAI pays AWS $1000 for compute ($500 of which is VC funding).
4. $AWS pays $10k for $nvda GPUs.
See the problem?
— Zoomer 🧢 (@zoomyzoomm)
11:49 PM • Aug 14, 2025
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