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.

More than buzzwords: How Faropoint is using data, artificial intelligence to gain an edge in industrial deals

Investment firm Faropoint is using artificial intelligence to generate new insights on properties, improve its underwriting and support its growing industrial platform, providing a glimpse at a technology that is far from perfect but primed to disrupt commercial real estate in the years to come.