AREP

American Real Estate Partners Begins Transformation of 1101 King Street into CityHouse Old Town

Retrieved on: 
Wednesday, February 28, 2024
Consumer, Women, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Men, Urban Planning, Summer, Multimedia, Hoar Construction, Icahn Enterprises, Investment, AREP, City, SF, King Street–Old Town station, King Street, Heart, Partnership, General store

Today, American Real Estate Partners (AREP) announced the official start of construction on CityHouse Old Town , the company's latest luxury rental development for the firm's residential platform: CityHouse.

Key Points: 
  • Today, American Real Estate Partners (AREP) announced the official start of construction on CityHouse Old Town , the company's latest luxury rental development for the firm's residential platform: CityHouse.
  • Pre-leasing on CityHouse Old Town will begin in the Summer of 2025, with construction to be completed later that Fall.
  • CityHouse Old Town highlights our vision for distinctive, sought-after destinations and we’re thrilled to get construction underway.”
    Once finished, CityHouse Old Town will epitomize bespoke rental living and add to the immense character and popularity of historic Old Town Alexandria.
  • Bozzuto Management continues its successful partnership with AREP and will serve as property manager once CityHouse Old Town delivers in Fall 2025.

PowerHouse Data Centers Closes on Site of 800 MW Data Center Campus in Spotsylvania, Virginia

Retrieved on: 
Tuesday, January 23, 2024
Computation, JV, Partnership, Icahn Enterprises, AI, Digital, AREP, Cryptocurrency

MCLEAN, Va. , Jan. 23, 2024 /PRNewswire/ -- PowerHouse Data Centers ("Powerhouse"), a developer and owner of next-generation data centers backed by a joint venture between American Real Estate Partners (AREP) and Harrison Street, today announced the completed purchase of 145 acres in Spotsylvania, Virginia to serve as the site of the PowerHouse 95 data center campus. This purchase marks one of two recent transactions for the JV, following the announced closing on the PowerHouse Reno site.  In addition to closing on PH 95 and PH Reno, PowerHouse has four developments underway in northern Virginia totaling over 700 MW. 

Key Points: 
  • MCLEAN, Va. , Jan. 23, 2024 /PRNewswire/ -- PowerHouse Data Centers ("Powerhouse"), a developer and owner of next-generation data centers backed by a joint venture between American Real Estate Partners (AREP) and Harrison Street, today announced the completed purchase of 145 acres in Spotsylvania, Virginia to serve as the site of the PowerHouse 95 data center campus.
  • PowerHouse Data Centers announces completed purchase of 145 acres in Spotsylvania, VA - home of PowerHouse 95 campus.
  • Powerhouse 95 will serve the data-intensive needs of hyperscale users in northern Virginia, which is currently the largest data center market globally.
  • PowerHouse Data Centers offers turnkey site selection, powered shell, and build-to-suit data center solutions for hyperscalers, data center operators, and multinational companies.

PowerHouse Data Centers Closes on Nevada Site for 'PowerHouse Reno'

Retrieved on: 
Thursday, January 25, 2024
Tahoe Reno Industrial Center, Computation, TRIC, Icahn Enterprises, AI, Digital, AREP, RENO, Growth, Renewable energy

RENO, Nev., Jan. 19, 2024 /PRNewswire/ -- PowerHouse Data Centers (Powerhouse), a developer and owner of next-generation data centers backed by a joint venture between American Real Estate Partners (AREP) and Harrison Street, today announced it has closed on the site of "PowerHouse Reno," a three-building, 900,000 square foot powered shell data center campus being developed in Reno, Nevada. The campus, which marks PowerHouse's first site outside of northern Virginia, will provide more than 65 MW of bridging power, which is scheduled to be in-place by year-end 2025.

Key Points: 
  • Reno site to be the first campus outside of northern Virginia, marking PowerHouse's national expansion
    RENO, Nev., Jan. 19, 2024 /PRNewswire/ -- PowerHouse Data Centers (Powerhouse), a developer and owner of next-generation data centers backed by a joint venture between American Real Estate Partners (AREP) and Harrison Street, today announced it has closed on the site of "PowerHouse Reno," a three-building, 900,000 square foot powered shell data center campus being developed in Reno, Nevada.
  • PowerHouse Data Centers announces closure on  "PowerHouse Reno" site a 3-building 900k sqft powered shell in Reno, NV.
  • Located in the Tahoe Reno Industrial Center (TRIC), the largest industrial park by landmass in the United States, PowerHouse Reno will serve the increasing data demands of leading hyperscale users in the area.
  • The close marks PowerHouse Data Center's second transaction in the last two months and it's strategic national expansion.

PowerHouse Data Centers Continues Upward Trajectory, Hires Additional Vice President to Champion Continued Growth

Retrieved on: 
Tuesday, October 24, 2023
STEM, Education, AREP, LEED, Toronto Star, Workforce, Entrepreneurship, Engineering, Printing, Tenant, Powerhouse, Karen, Icahn Enterprises, AI, Dulles International Airport, Greystar Real Estate Partners, CyrusOne, Management, Construction

MCLEAN, Va., Oct. 24, 2023 /PRNewswire/ -- PowerHouse Data Centers, a leading real estate partner for next-generation hyperscale data centers and division of American Real Estate Partners (AREP), announced the appointment of Karen Petersburg as Vice President, Data Center Development and Construction. With over 17 years of procurement, design, sustainability, and project management experience in the mission critical sector, the move adds even more data center construction strategy and commissioning capabilities to PowerHouse Data Centers' best-in-class team.

Key Points: 
  • Leader in Hyperscale Data Center Development Expands Leadership Team,
    MCLEAN, Va., Oct. 24, 2023 /PRNewswire/ -- PowerHouse Data Centers , a leading real estate partner for next-generation hyperscale data centers and division of American Real Estate Partners ( AREP ), announced the appointment of Karen Petersburg as Vice President, Data Center Development and Construction.
  • With over 17 years of procurement, design, sustainability, and project management experience in the mission critical sector, the move adds even more data center construction strategy and commissioning capabilities to PowerHouse Data Centers' best-in-class team.
  • She has built her career managing complex data center design and engineering projects, from hyperscale built-to-suits to major infrastructure renovations.
  • To learn more about PowerHouse and its next-generation build-to-suit, powered shell, and full turnkey data center projects, visit it online here .

AREP Partners with Award-Winning Tech Accelerator Unstuck Labs to Ignite a New Era of Innovation at Rosslyn City Center

Retrieved on: 
Monday, August 28, 2023
Commercial Building & Real Estate, Construction & Property, Other Communications, Consulting, Communications, Professional Services, Technology, Other Technology, Well, Learning, Heart, DNA, Unstuck, Metro, Lighting, Partnership, RCC, City, University, The Arlington, Multimedia, Tenant, Gold's Gym, Creativity, AREP, MD, Gold, BID, Datawatch Corporation, Growth, Ecosystem, Principal, VTS, Icahn Enterprises, Family, Perspiration, Video game, Cryptocurrency, Drug, DMV, United

Today, American Real Estate Partners announced a partnership with Unstuck Labs , an award-winning tech accelerator and mobile app developer that works with early-stage startups, founders, and innovation programs.

Key Points: 
  • Today, American Real Estate Partners announced a partnership with Unstuck Labs , an award-winning tech accelerator and mobile app developer that works with early-stage startups, founders, and innovation programs.
  • With innovation and technology ingrained in its DNA, AREP developed RCC to accommodate the ever-changing customer and digital landscape, incorporating prop tech to elevate the tenant experience.
  • "You know, at Unstuck Labs, we're not just about lighting up creativity or speeding up innovation.
  • Well, it's the perfect place for us to make this happen," said Wa'il Ashshowwaf, CEO and Co-founder of Unstuck Labs.

Rithm Capital Corp., American Real Estate Partners, and GreenBarn Investment Group Acquire and Launch CityHouse Ashburn Station, a Luxury 200-Unit Subdivision for $120M

Retrieved on: 
Monday, August 21, 2023
Building Systems, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Finance, Professional Services, Women, Men, Urban Planning, REIT, Family, Landscape, Interior Design, Consumer, Architecture, Other Construction & Property, Partnership, SF, Lead, Multimedia, Silver Line, Sale, Acquisition, AREP, BTR, Greystar Real Estate Partners, TM Capital Corp., Icahn Enterprises, RITM, NYSE, The Silver Line, Cryptocurrency, DMV, Genesis

Rithm Capital Corp. (NYSE: RITM; "Rithm"), American Real Estate Partners ("AREP") , and GreenBarn Investment Group ("GreenBarn") announced today that they have partnered to acquire a luxury 200-unit subdivision of townhomes in Ashburn, Virginia, from Dream Finders Homes for $120 million.

Key Points: 
  • Rithm Capital Corp. (NYSE: RITM; "Rithm"), American Real Estate Partners ("AREP") , and GreenBarn Investment Group ("GreenBarn") announced today that they have partnered to acquire a luxury 200-unit subdivision of townhomes in Ashburn, Virginia, from Dream Finders Homes for $120 million.
  • View the full release here: https://www.businesswire.com/news/home/20230821127614/en/
    AREP and GreenBarn are co-general partners for the project.
  • Rithm is providing equity capital, in part through its strategic partnership with GreenBarn, and providing debt financing through its subsidiary Genesis.
  • "We look forward to working with our partners at AREP on this exciting project," said David Welsh, GreenBarn Founder & Managing Partner.

Data Centers Industry Assessment and Forecast, 2028: Adoption of AI-based Infrastructure Driving Liquid Immersion and DTC Cooling - ResearchAndMarkets.com

Retrieved on: 
Friday, July 14, 2023
Technology, Artificial Intelligence, Data Management, Lithium, Digital Realty, NVM Express, Amazon Web Services, Iron Mountain, Infrastructure, COVID-19, HVO, ML, Microsoft, Equinix, JV, CyrusOne, AREP, HPC, Natural gas, UPS, Apple, Power purchase agreement, Architecture, AI, Gigabit Ethernet, PPA, Icahn Enterprises, Ali Baba, Asset management, Meta, Oracle

Some trending innovations in the IT infrastructure include adopting NVMe storage devices, ARM-based architecture, 200/400 GbE ports, converged and hyper-converged infrastructure, and others.

Key Points: 
  • Some trending innovations in the IT infrastructure include adopting NVMe storage devices, ARM-based architecture, 200/400 GbE ports, converged and hyper-converged infrastructure, and others.
  • The data centers have witnessed immense changes and transformations in adopting power and cooling infrastructure.
  • Liquid cooling is the most popular cooling technology used in High-Performance Computing (HPC) in the data center market to support AI and ML workloads.
  • Google adopted liquid cooling for its latest AI hardware and has retrofitted its existing data center infrastructure to accommodate liquid cooling.

PowerHouse Data Centers Assist in West African Digital Transformation by Hosting IDCA's Special Ghana Delegation

Retrieved on: 
Monday, June 5, 2023
Department of Economic Development, Partnership, Powerhouse, Economy, IDCA, World Bank, Government, Digitalization, Republic, AREP, Economic development, Greystar Real Estate Partners, Icahn Enterprises, Information technology, Drug, Tourism

McLEAN, Va., June 5, 2023 /PRNewswire/ -- PowerHouse Data Centers (a division of American Real Estate Partners (AREP)), along with the International Data Center Authority (IDCA) and the Loudoun County Department of Economic Development joined over the weekend for an official state visit from representatives of the Republic of Ghana, including minister Ursula Owusu-Ekuful. The Ghanaian government is being assisted by IDCA with an aim to position the country as a leading digital hub in Africa with the help of data center leaders in the Ashburn area.

Key Points: 
  • PowerHouse Data Centers Hosts Representatives of the Republic of Ghana, IDCA and Department of Economic Development
    An important stop on the itinerary for Owusu-Ekuful's delegation is a tour of PowerHouse Data Centers' recently constructed ABX-1 facility .
  • "We're always eager to build relationships and provide educational opportunities wherever we can," explains Luke Kipfer, vice president at PowerHouse Data Centers.
  • The Republic of Ghana, led by its honorable minister, signed the digital transformation agreement with IDCA during this visit.
  • "It's been our pleasure to drive this initiative for Ghana and West Africa" says Mehdi Paryavi, IDCA founder and chairman.

PowerHouse Data Centers Announces Lease Agreement with CyrusOne for ABX-1 Data Center Powered Shell

Retrieved on: 
Friday, May 12, 2023
DPR Construction, Powerhouse, Heart, Partnership, SF, Avison Young, Harrison Street Bridge, CyrusOne, Acquisition, Digital asset, AREP, Dominion Energy, DPR, Icahn Enterprises, GIS, Telescopic sight, Cryptocurrency, Retail

MCLEAN, Va., May 12, 2023 /PRNewswire/ -- PowerHouse Data Centers (PowerHouse) announced today that it has secured a 30-year lease agreement with CyrusOne Inc., a premier global data center operator, for the entire spec-built data center, ABX-1, located in Ashburn, Virginia. PowerHouse is a joint venture between American Real Estate Partners (AREP) and Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, that offers powered shell and build-to-suit data center solutions.

Key Points: 
  • The ABX-1 data center in Loudoun County, featuring a two-story 265,000 SF building with an on-site electrical substation, is the first powered shell leased by PowerHouse Data Centers.
  • MCLEAN, Va., May 12, 2023 /PRNewswire/ -- PowerHouse Data Centers (PowerHouse) announced today that it has secured a 30-year lease agreement with CyrusOne Inc., a premier global data center operator, for the entire spec-built data center, ABX-1, located in Ashburn, Virginia.
  • PowerHouse Data Centers secures a 30-year lease agreement with CyrusOne Inc. for spec-built data center in Ashburn, VA
    Substantial completion of this inaugural purpose-built data center is scheduled for October.
  • ABX-1 is just the first of PowerHouse's six data center build sites , representing 2.1 million square feet of data center space under construction in Loudoun County.

RCKRBX™ Launches Revolutionary Demand-Side Data Intelligence Platform to Better Inform Multifamily Real Estate Investment, Development and Marketing

Retrieved on: 
Tuesday, March 21, 2023
Commercial Building & Real Estate, Technology, Construction & Property, Security, Other Technology, Building Systems, Other Construction & Property, Data Management, Residential Building & Real Estate, Software as a service, Marketing, United States census, VOC, Leg, Research, Privacy, Science, DE, CO, Acquisition, AREP, Risk, Entrepreneurship, Bias, Broder, Commercial property, Mobile phone, Retail, Residential area

RCKRBX™, the first real estate SaaS (Software-as-a-Service) platform delivering demand-side, voice-of-the-customer (VOC) data from current and prospective renters across targeted markets, announced today the launch of its inaugural product for multifamily acquisition, development and marketing professionals.

Key Points: 
  • RCKRBX™, the first real estate SaaS (Software-as-a-Service) platform delivering demand-side, voice-of-the-customer (VOC) data from current and prospective renters across targeted markets, announced today the launch of its inaugural product for multifamily acquisition, development and marketing professionals.
  • “Real estate product development and its investment remains one of the few industries that regularly fail to use customer insights.
  • “We are at a decisive moment for real estate where real returns will be a combination of the physical asset with digital layers.
  • RCKRBX utilizes quantitative research industry standards and best practices for survey design, sample recruitment, response and data quality control, and privacy protection.