Commercial Real Estate and Big Tech Are Proving to Be a Toxic Mix
Rising interest rates and heavy debt loads are a problem for parts of the data center industry
Lights on server racks at a data center.
Photographer: Andrey Rudakov/BloombergWelcome to The Brink. I’m Jeremy Hill, a reporter in New York, where I'm digging into the struggles of the data center industry. We also look more closely at First Republic’s takeover and show how New Jersey is emerging as the hot new place to go bankrupt. Follow this link to subscribe. Send us feedback and tips at jhill273@bloomberg.net or Tweet/DM to @JeremyHtweets.
Rising interest rates and heavy debt loads are casting a financial pall over pockets of the data-center industry, a segment of the commercial real estate sector that powers much of what we do online.