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Digital Realty Buys Santa Clara Data Centers
November 3rd, 2009 : Rich MillerDigital Realty Trust (DLR) has acquired two data center facilities in Santa Clara, Calif. for $90.5 million, the company said today. The facilities at 1350 Duane Avenue, and 3080 Raymond Street are adjacent to Digital Realty’s primary data center campus in Santa Clara, and are both fully-leased to Internet service providers.
The larger building, 1350 Duane Avenue, consists of 160,000 square feet of data center space. The entire building is leased on a triple net basis to Sprint, who in 2004 subleased the building to a major colocation provider. The second property at 3080 Raymond Street totals 25,000 square feet and is leased on a triple net basis to a Layer 42 Networks, which provides Internet services and business applications.
The announcement comes just days after Digital Realty signaled its intent to buy additional occupied data centers as income properties, which generate revenue through rent from existing tenants.
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Roundup: Indiana University, Telecity, Cisco
November 3rd, 2009 : John RathHere’s a roundup of news announcements from the data center and hosting industry:
- Indiana University to Unveil Data Center: Indiana University announced Monday that their $32.7 million data center will be unveiled Nov. 5. The 82,700 square foot facility houses critical computing, networking and storage equipment (over 2.8 petabytes) that serve the University. Indiana University is also home to supercomputers Big Red and Quarry and the hub of Indiana’s statewide I-Light fiber network. The University also has an agreement with the Indiana Office of Technology that provides the state with backup data space and network connectivity. The data center will be be the foundation of a new IU Bloomington Technology Park.
- Telecity’s Demand-led Capacity Expansion:. European data center provider Telecity Group issued an interim management statement Monday highlighting several positive growth trends. With a healthy pipeline, revenue growth has continued to be in line with management’s expectations. Meeting strong customer demand in existing markets, TelecityGroup has delivered incremental new capacity in London, Amersterdam, Frankfurt, Stockholm and Milan to date this year. A new Paris 3 data center is on schedule to open in December 2009. ”Our premium data centres continue to win new and expanded customer orders, with the most notable wins in the third quarter coming from the content, connectivity, financial and application provider segments,” said Telecity CEO Michael Tobin. Telecity Group operates 22 network independent data centers across seven European countries and is headquartered in London.
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Digital Realty Still in Buying Mode
October 30th, 2009 : Rich MillerDigital Realty Trust (DLR) expects to acquire at least three more data center properties before the end of 2009, and has gained the first customer for its new data center design service, the company said today.
Digital Realty, the largest real estate investment trust (REIT) specializing in the data center sector, today reported third-quarter finds from operations of $74.7 million (74 cents a share), compared with $62 million (68 cents a share) a year earlier. The results were slightly ahead of the analyst consensus of 72 cents per share.
The company also reported that it was assigned a Baa2 rating from Moody’s Investors Service, which could eventually expand its financing options in a tough debt market. “As we await ratings from the other agencies, this Baa2 rating from Moody’s is an important first step for Digital Realty Trust towards accessing the investment grade unsecured debt market, an important component of our future funding strategy that we believe will further differentiate us from our competitors,” said CFO William Stein.
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Roundup: Digital Realty, Terremark, Riverbed
October 23rd, 2009 : John RathHere’s a roundup of news announcements from the data center and hosting industry:
- Digital Realty Trust Outlines Third Quarter Leasing Activity. Digital Realty Trust announced 3rd quarter leasing activity Thursday, reflecting strong incremental revenue growth for the company. For the period ending September 30, 2009 leases totaled 101,000 square feet. Approximately 90,000 square feet of this was Turn-Key Datacenter space and 11,000 square feet was non-technical space. For the year to date the company has signed leases totaling approximately 278,000 square feet of space. “The continued demand for our Turn-Key Datacenter product has produced strong leasing results in the third quarter,” said CEO Michael Foust. On a year-to-date basis, the leases that have commenced will contribute approximately $54.1 million of incremental revenue recognized in 2009. Digital’s stock price has been steadily climbing since July 2009 and closed Thursday up 1.57 at $46.39
- Terremark launches cloud-enabled disaster recovery services. On Thursday Terremark announced an addition to its portfolio of virtualized services by launching cloud-enabled disaster recovery (DR) services. The new offering leverages their cloud computing platform and delivers pre-provisioned computing and network capacity along with data replication and fully managed data center failover. The new DR service is based on NetApp and VMware vSphere technologies. VMware announced Thursday that vSphere 4 has surpassed 500,000 downloads. Tom Mays, Vice President for Advanced Data Solutions at Terremark said “Our cloud-based disaster recovery offering is more than just a remote-replication solution; it is a complete cloud-based service that incorporates the enterprise-class services necessary to run IT operations securely in the event of a disaster declaration.”
- Riverbed 3rd quarter 2009 financial results. IT infrastructure performance company Riverbed announced record 3rd quarter 2009 results Thursday, with revenue exceeding $100 million. Key financial statistics included revenue increases 12% over prior quarter and 18% over prior year, cash flow from operations of $38 million and $297 million in cash and marketable securities and no debt. Riverbed CEO Jerry Kennelly said “as a critical enabler of fundamental business initiatives including virtualization, cloud computing and reducing data infrastructure costs, WAN optimization continues to be a top IT priority.” In the third quarter of 2009 Riverbed was positioned by Gartner in the leaders quadrant for WAN Optimization Controllers, added 8 Fortune 500 customers, and introduced the Central Management Console – Virtual Edition, designed for managed service providers.
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Digital Realty Preps Customer PUE Tool
October 21st, 2009 : Rich MillerDigital Realty Trust (DLR) has developed a tool to provide Power Usage Effectiveness (PUE) tracking data to customers who lease space in one of their wholesale data center properties. Jim Smith, the company’s chief technology officer, discusses the new tool and the value of PUE data as customers seek additional insight into the energy efficiency of their IT operations. Digital Realty says it will provide PUE snapshots every 15 minutes. This video runs 3 minutes, 15 seconds.
For more coverage of DLR, see our Digital Realty Trust Channel. information For additional video, check out our DCK video archive and the Data Center Videos channel on YouTube.
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LEED Platinum for Digital Realty/Nvidia Site
October 5th, 2009 : Rich Miller
A new data center built by Digital Realty Trust for graphics chipmaking specialist Nvidia will be one of the most energy efficient facilities in the world. Digital Realty (DLR) said today that it has been awarded a LEED Platinum certification from the U.S. Green Building Council (USGBC) for a new Silicon Valley data center that will be occupied by Nvidia (NVDA). The Platinum award is the highest level of certification available through the Leadership in Energy and Environmental Design (LEED)program, a voluntary rating system for energy efficient buildings.The Nvidia data center is just the second active data center in the U.S. to complete LEED Platinum certification, joining the American College Testing facility in Iowa City. A Citigroup data center in Germany has earned Platinum status, while Advanced Data Centers in Sacramento has been pre-certified for Platinum status.
“Achieving LEED platinum certification means that attention has been paid to every aspect of the building’s design and construction, including the operating energy efficiency of the finished data center, as well as often overlooked, key issues such as building materials, materials re-use and construction practices,” said Jim Smith, CTO of Digital Realty Trust. “Through a LEED program in conjunction with a PUE-optimized datacenter, we have been able to repeatedly meet sustainable and effective corporate green strategies.”
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Digital Realty Buys Two Valley Properties
September 29th, 2009 : Rich MillerDigital Realty Trust (DLR) has acquired two data center properties in Silicon Valley, the company said today. The real estate investment trust paid $44 million to buy properties at 444 Toyama Drive in Sunnyvale, Calif. and 1525 Comstock Street in Santa Clara, Calif.
444 Toyama is an existing 42,000 square foot data center that is fully leased through mid-2022. Digital Realty didn’t identify the tenant, but colocation specialist Switch & Data says it operates a data center at that address.
Digital Realty also said it has acquired the ownership interest in 1525 Comstock Street from a joint venture partner. The company has owned an interest in the property since 2007. The 42,000 square feet building is part of Digital Realty’s Santa Clara campus, adjacent to its data centers at 1201 Comstock, 1100 Space Park and 1500 Space Park.
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Digital Realty to Develop Dallas Data Center Park
September 17th, 2009 : Rich Miller
The Collins Technology Center in Richardson, Texas. Digital Realty Trust is redeveloping the former Alcatel campus as a data center park (Photo: Digital Realty Trust).
Digital Realty Trust (DLR) has taken the lead in a long-running effort to redevelop a campus in the Richardson, Texas as a data center park that could eventually feature 800,000 square feet of mission-critical space. Digital Realty has acquired 60 percent of the former Collins Technology Park through a joint venture with previous property owner Skyrise Properties, the companies said today.
“This acquisition positions Digital Realty Trust as the largest wholesale datacenter provider in the Dallas/Fort Worth market,” said Brent Behrman, Vice President of Global Sales for Digital Realty Trust. “With its availability of power, fiber and our team of datacenter experts, the Richardson campus will be the premier datacenter facility in the Southwest and the epicenter of the Dallas Technology community.”
Plenty of Power
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The 70-acre property includes seven buildings ranging from 15,000 to 250,000 square feet, with a total of 797,000 square feet. An on-site 40 megawatt substation can be expanded to 125 megawatts, with fiber connectivity from multiple providers. Digital Realty plans on having data center space ready at the site in early 2010. -
Manos: The Impact of Data Center Regulation
September 15th, 2009 : Rich MillerMany thanks to Michael Manos of Digital Realty Trust and all the Data Center Knowledge readers who participated in yesterday’s live Chiller Side Chat. I thought many of the questions were excellent, and gave Mike an opportunity to share his perspectives on a variety of topics, including data center cooling, power distribution, containers, flywheels, design and data center regulation.
Given the number of participants, we couldn’t get to all the questions, but you’ll likely have another chance. “One thing is for sure is that we will try to do another one of those given the amount of unanswered questions,” Mike writes at Loose Bolts. ” I have already been receiving some great ideas on how to possibly structure these moving forward.”
Mike has additional thoughts on environmental regulation and how it will impact data center operations, and has put together a video primer on data center regulation at the Digital Realty Trust web site. Although data centers may not be targeted by regulation, they will most certainly be affected by them, and Manos outlines some of the impacts that may not be obvious to data center operators. One paradox: data centers get more efficient when they use more power, but proposed regulations focus on volume, rather than efficiency. There are also challenges for multi-nationals who may face differnet coimpliance requirements across their data center footprint. The video runs 12 minutes, and you’ll need to register for the Digital Realty Information Library to access it.
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