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DataBank Lands $2B Construction Loan for AI-Ready Texas Campus

A Shrinking Land Pipeline Is Driving Up Costs Nationwide

Penn Station Is Now Manhattan’s Office Relocation Destination

Florida Is Building More Storage Than Any State in America

The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

DataBank Lands $2B Construction Loan for AI-Ready Texas Campus

A $2B financing deal is speeding up delivery of a fully leased, AI-powered data center campus just south of Dallas.

THE TAKEAWAY

A Shrinking Land Pipeline Is Driving Up Costs Nationwide

A 24% drop in land listings is reshaping development economics.

THE TAKEAWAY

Penn Station Is Now Manhattan’s Office Relocation Destination

Nearly a quarter of all Manhattan office relocations over the past three years landed in one submarket, and most tenants arrived with bigger footprints.

THE TAKEAWAY

Florida Is Building More Storage Than Any State in America

55M SF of new storage is coming online in 2026, and the market is finally building like it actually learned something from the last boom.

THE TAKEAWAY

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