[1]Yahoo has purchased this building in La Vista, Nebraska for $14.8 million.
Yahoo continues to move forward with plans for a major data center project in Nebraska, even as the company appears to be preparing for cost-cutting that could include employee layoffs.
Yahoo [2] paid $14.8 million to purchase a warehouse and headquarters building for Tender Heart Treasures in La Vista, Nebraska, according to property records.
The property includes a 300,000 square foot existing structure on 24.3 acres of land, with approval to add a 38,000 square foot expansion. The building includes a three-story office area and a warehouse with a 35-foot ceiling. Tender Heart Treasures, which makes gifts and home decor products, will vacate the building in January when it moves to another location, according to the
Omaha World-Herald [3].
In August Yahoo
applied for tax incentives [4]under the Nebraska Super Advantage program, which requires a minimum investment of $100 million and the creation of at least 50 high-salary jobs paying a minimum average salary of $68,700. The filing revealed that the project would be in La Vista, a fast-growing Omaha suburb whose corporate residents include HP and eBay’s Paypal unit, which employs about 2,000 workers at a call center not far from the new Yahoo site.
Omaha was recently named one of the
most affordable [5] U.S. cities to operate a data center by The Boyd Company, with an annual operating expense of $12.9 million, less than half the cost of operating a similar facility in New York.
Yahoo has been accelerating its data center build-out in recent months, leasing
data center space in Santa Clara [6]from
Digital Realty Trust [7](DLR) and speeding deployment of its footprint in a facility in
Ashburn, Va. [8] operated by
Dupont Fabros [9] (DFT).
But the company is reining in spending in other areas. Yahoo disclosed yesterday that it has
hired consulting firm Bain & Co. [10] to help review its expenses and find ways to boost efficiency. The review is widely expected to result in
employee layoffs [11] at Yahoo.
Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2008/09/25/yahoo-buys-site-for-nebraska-data-center/
URLs in this post:
[1] Image: http://www.datacenterknowledge.com/wp-content/uploads/2008/09/lavistasite.jpg
[2] Yahoo: http://www.datacenterknowledge.com/archives/category/yahoo/
[3] Omaha World-Herald: http://www.omaha.com/index.php?u_page=1208&u_sid=10442296
[4] applied for tax incentives: http://www.datacenterknowledge.com/archives/2008/08/27/yahoo-nebraska-data-center-set-for-la-vista/
[5] most affordable: http://www.datacenterknowledge.com/archives/2008/May/12/the_most_affordable_data_center_markets_2008.html
[6] data center space in Santa Clara : http://www.datacenterknowledge.com/archives/2008/May/28/yahoo_to_lease_digital_realty_data_center.html
[7] Digital Realty Trust : http://www.datacenterknowledge.com/archives/category/digital-realty-trust/
[8] Ashburn, Va.: http://www.datacenterknowledge.com/archives/2008/Jun/05/yahoo_steps_up_its_data_center_investment.html
[9] Dupont Fabros: http://www.datacenterknowledge.com/archives/category/dupont-fabros/
[10] hired consulting firm Bain & Co.: http://www.bloomberg.com/apps/news?pid=20601087&sid=agAWkr8cYOxI&refer=home
[11] employee layoffs: http://kara.allthingsd.com/20080924/layoff-alert-not-ifwhen/
[12] Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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