Core Insights - Newmark Group, Inc. has advised a $4 billion joint venture for the development of a state-of-the-art AI data center campus in Lancaster, Pennsylvania, involving Blue Owl Capital, Chirisa Technology Parks, and Machine Investment Group [1][3] - The funding supports a long-term lease with a leading cloud computing company, establishing Lancaster as a key Mid-Atlantic hub for AI workloads [3][4] - This transaction expands Blue Owl's partnership with Chirisa Technology Parks to a total of $20 billion, covering over one gigawatt of capacity across Pennsylvania and Virginia [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor, generating revenues of over $2.9 billion for the twelve months ended June 30, 2025, and operates from 165 offices with over 8,400 professionals globally [5]

Core Insights - Blue Owl Capital has extended its partnership with Chirisa Technology Parks to support developments totaling $20 billion, which includes $4 billion for CoreWeave projects in Lancaster, Pennsylvania [1][3][4] - The Lancaster facility will be part of CoreWeave's network of AI data centers, aimed at building infrastructure for AI applications across critical economic corridors in the U.S. [2][6] - The partnership emphasizes sustainable development, with a focus on creating high-performance digital campuses that contribute to local economic growth and job creation [4][9] Company Developments - CoreWeave is rapidly expanding its infrastructure footprint, with nearly 1.6 GW under development in the U.S., positioning itself as a leading cloud infrastructure provider for AI workloads [12] - The Lancaster campus will utilize advanced technologies for energy efficiency, including proprietary infrastructure that is nearly twice as energy-efficient as traditional data centers [7][8] - The project will also involve a $200 million investment in local power grid improvements to enhance the electric grid's safety and efficiency in the Lancaster region [9] Strategic Partnerships - The collaboration between Blue Owl, Chirisa Technology Parks, and Machine Investment Group is designed to leverage each partner's strengths in funding, development, and operational expertise [4][13] - Machine Investment Group's focus on repurposing underutilized commercial properties aligns with the strategic goals of the partnership, enhancing the potential for successful project execution [4][13]

CHESTERFIELD, Va., May 27, 2025 /PRNewswire/ -- Blue Owl Capital managed funds ("Blue Owl"), Chirisa Technology Parks ("CTP"), and PowerHouse Data Centers ("PowerHouse") today announced the closing of a $750 million transaction in their landmark joint venture development partnership.  The partnership was launched in August 2024, with capacity to deploy up to $5 billion of capital for turnkey AI/HPC data center developments supporting CoreWeave and other hyperscale and enterprise data center customers. B ...