⚡ Wall Street found more than $12 billion for a one-gigawatt Meta data center.
Washington’s response is effectively: excellent, now bring your own electricity and water.
Today’s GRO Money News examines the collision between abundant AI capital and scarce infrastructure. We break down BlackRock’s 80% ownership position in Meta’s El Paso venture, the rising 10-year Treasury yield, oil near one-month highs, Asia’s semiconductor rebound, current residential and CRE financing costs, and the £13.5 billion Prologis offer that SEGRO rejected because strategic warehouses, development land and data center exposure are not easily replaced.
🏗️ The critical lesson for developers is…
The skinny
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