By Michael Mandel,on June 14th,2011%
In The Future of Manhattan Data Centers -Part 1,I mentioned that “the jury is out for the future of data center tenants”in the building, but that it was unlikely that Google would try to remove these tenants entirely. We have now uncovered some new information that supports this theory,and sheds some light onto Google’s plans for the building.
On Google’s Jobs page they have listed a position in New York of “Strategic Negotiator,Network.” The role of this position is to “spearhead the acquisition and allocation of Google’s global networking infrastructure,”and ”interact closely with outside vendors to design,develop,and . . . →Read More:The Future of Manhattan Data Centers -Part 3 -More on 111 Eighth Avenue
By Michael Mandel,on June 6th,2011%
In my last blog post I mentioned that new data center users and expanding tenants will likely not have any options in 111 Eighth Avenue. Google has indicated that it plans to expand in the building and has taken all available space off the market. Meanwhile,quality data center space in Manhattan is in high demand. The most recent sizable data center spaces that have come to the market in Manhattan leased at very high rents after bidding wars -the former Lehman Brothers space at 85 Tenth Avenue and Digital Realty Trust’s space at 111 Eighth Avenue. Most recently,XO has leased a raw floor at 32 Avenue . . . →Read More:The Future of Manhattan Data Centers Part 2 – The Next 111 Eighth Avenue?
By Michael Mandel,on May 31st,2011%
Back in September,when 111 Eighth Avenue -one of the world’s premier carrier hotels was up for sale,I mentioned in a blog post that “an astute purchaser [of the building] will see
the inherent value in great tenants with excellent credit (like Google),and data center tenants.” I did not predict at the time that Google itself would purchase the building. Now that Google has purchased the building,and has shown its intent to expand its presence in the building as quickly as possible,many of our clients have asked us what Google intends to do with the building’s data center tenants.
Google has not had . . . →Read More:The Future of Manhattan Data Centers Part 1 – 111 Eighth Avenue
By Michael Mandel,on May 18th,2011%
By Michael Mandel,on November 19th,2010%
In the spirit of David’s post,I thought I would add a little more color on high frequency trading and the NYSE. Since it seems that any reputable reporter discloses all possible conflicts when writing about a topic (not that I’m a reporter),I should note that Grubb &Ellis manages the NYSE’s new data center in Mahwah,NJ.
Here are some facts on that facility that are not well known (but I should note that they’re not confidential):
Trading began in Mahwah in August,effectively moving the hub of the financial markets from New York City,to New Jersey. The total facility which was built-to-suit for the NYSE . . . →Read More:High Frequency Trading and the NYSE’s Data Center in Mahwah,NJ
