Technology

Technology
It’s complicated: Power, infrastructure constraints loom large as NAIOP panel weighs data center growth in New Jersey

The data center landscape in the U.S., particularly in New Jersey, is experiencing significant growth driven by the evolution of technologies such as artificial intelligence and cloud computing. Yet there is still a good deal of uncertainty around how to meet this growing need.

Editor’s Note
Looking forward

As you’ll read in this month’s cover story, builders and advocates see New Jersey’s new affordable housing guidelines as a good starting point after more than a decade of uncertainty, conveying cautious optimism even as they confront the financial hurdles, legal battles and political debates that have slowed housing production in the past.

Technology
A.I. cloud startup CoreWeave to build $1 billion data center at Onyx’s NEST campus in Kenilworth

A new $1 billion data center is coming to the Northeast Science & Technology Center — the sprawling former Merck & Co. campus in Kenilworth — where cloud computing firm CoreWeave has signed a long-term lease with Onyx Equities and Machine Investment Group.

Industrial
Solar Landscape, NSA unveil plans for 8.5 million sq. ft. of rooftop solar on self-storage buildings

Solar Landscape, the Asbury Park-based solar developer, has inked a new partnership that could lead to projects on at least 8.5 million square feet of rooftop space nationally.

Residential & Mixed Use
HREV joins SolarKal, Evergreen Energy to reveal rooftop solar at Jersey City’s Birch House

Halpern Real Estate Ventures has unveiled another sustainability feature at a new luxury apartment building in Jersey City, activating a rooftop solar array at the 337-unit property.

Government & Public Policy
NAIOP NJ unveils energy position paper, calls for state to slow timeline for full building electrification and focus on costs, grid reliability

State officials must slow the timeline for commercial buildings to become fully electrified, ensuring landlords will have reliable access to power and allowing policymakers to take a harder look at the costs and other hurdles to reaching that milestone by 2035.

Professional Services
Genova Burns’ Sheehan named co-chair of NJSBA renewable energy, climate committee

The New Jersey State Bar Association has appointed Genova Burns LLC attorney Kenneth Sheehan as co-chair of its Renewable Energy, Cleantech and Climate Change Committee.

Technology
A new wave of data center demand is coming to New Jersey, but supply may be tighter than ever

Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.

Technology
Dialed up

It seems rare to have an asset class whose inventory has largely stood still for a decade or more, yet that’s been the story for the data center market here in New Jersey, as developers and users have flocked to…

Office
LeFrak sees Newport office building, with abundant power and industrial-style construction, as a key draw for AI players

In a time in which access to power is at a premium — thanks largely to the needs of Big Data and artificial intelligence — a historic building in Jersey City’s Newport district has emerged as a potential destination for technology firms and other players in the space.