Exciting Partnership to Develop AI/HPC Data Centers Across the U.S.

New York, Sept. 9, 2024

Newmark Group, Inc. (Nasdaq: NMRK) is pleased to announce a groundbreaking strategic partnership between Blue Owl Capital, Inc., Chirisa Technology Parks, and PowerHouse Data Centers. This joint venture is set to revolutionize the development of large-scale AI/HPC data centers across the United States, with a staggering investment of up to $5 billion.

Newmark’s Co-President of Global Debt & Structured Finance, Jordan Roeschlaub, and Brent Mayo, who leads Newmark’s Data Center & Digital Infrastructure Capital Markets team, played pivotal roles as strategic advisors for the JV. Their expertise and guidance will be instrumental in ensuring the success and profitability of this ambitious project.

Impact on Individuals

As an individual, this partnership signifies a significant advancement in the field of data technology. The development of AI/HPC data centers will not only enhance the capabilities of existing technology but also pave the way for exciting new innovations and applications that can potentially improve various aspects of daily life.

Global Implications

The collaboration between Blue Owl, Chirisa, and PowerHouse has far-reaching implications for the global tech industry. The establishment of state-of-the-art data centers dedicated to AI and high-performance computing will strengthen the infrastructure supporting digital advancements worldwide. This, in turn, will fuel progress in various sectors and contribute to the growth of the global economy.

Conclusion

In conclusion, the partnership between Blue Owl, Chirisa, and PowerHouse represents a significant milestone in the evolution of technology and data infrastructure. This venture has the potential to reshape the way we interact with technology and drive innovation on a global scale. As we look towards the future, the possibilities created by this collaboration are truly limitless.