Regional Markets

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Sabey Acquires Huge Verizon Building in NYC

Sabey's  375 Pearl Street, pictured on the right in this photo. The Brooklyn Bridge is on the left.

Sabey Data Center Properties has entered the New York market, acquiring the majority interest in 375 Pearl Street for $120 million, the company said today. Sabey will partner with New York developer Young Woo on the deal to buy the 1 million square foot former Verizon central office building, which will be redeveloped as Intergate.Manhattan. Read More

Colt Sells Modular Data Center To Phoenix IT

European data center provider Colt announced that it has signed a 10-year agreement with Phoenix, a specialist IT services company. The deal is evidence of growing interest in modular data center deployments by service providers. Read More

CBRE: Tentative Recovery for European Market

Recent trends in data center supply and demand in Europe (Source: CBRE)

Demand for carrier-neutral data center space in top European markets remains “tentative,” but a gradual recovery is leading to absorption of available supply, setting the stage for new construction in key markets, according to CBRE. Read More

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