Commercial real estate news releases from Avison Young Canada
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Commercial news from Israel - 22nd July 2024
July 22, 2024Don't call me Data Center, call me AI Factory.
Monday morning. Outside the temperature gives a feeling of 37 degrees. The UV Index signifies Extreme. 11 Stream is leading this morning to expand knowledge in the luxurious and frozen conference complex (in the good sense) of Herzog Law Office in Yitzhak Sadeh in Tel Aviv. The topic: The world of data centers - aspects of electricity, investments and operations. Three fascinating hours with first-class lecturers in the worlds in question.
But first the headline, AI Factory and the meaning: smart data centers that support artificial intelligence and power industrial robots, big data analytics, IIOT management, and operating on massive amounts of data from a variety of sensors.
The field is undergoing a revolution, there is no other word to describe it. What we knew three years ago is nothing like what we are today and what is today is not like what will be in the future. 10 MW is a distant history. Multinational companies are asking for farms of 200 and 300 megawatts. And the bottleneck is energy, power, electricity. For a sense, the amount of energy required for such a data center is equivalent to the consumption of a medium-sized city (20,000 households), on a summer day like today, including turning on the air conditioners in the homes. The solution - building the server farm at the power plants themselves or in the future, using nuclear energy. And the "white floor" in facilities is smaller than 20% of buildings today to 10% in the near future in inverse proportion to the number of transformers, chillers and water transmission systems that has grown exponentially almost as much as the level of knowledge of the operating personnel required.
Uh... And we also heard about the fascinating topic of the digital twin but that's for another post.
Avison Young has a dedicated international department that coordinates the data center and executes transactions worldwide. We'll be happy to expand on this.
The Icon Tower, best location next to Savidor Train Station, 8 high zoon floors. 1,200 Sq. M floor size, LEED GOLD. Attached 360 degrees virtual tour and floor plan.
A subsidiary of MISHORIM REAL ESTATE INVESTMENTS LTD has signed an agreement for the sale of 4 additional Courtyard hotels (Courtyard Dayton Miamisburg, Courtyard Little Rock, Courtyard Oklahoma City, Courtyard Toledo Holland), in addition to 8 Courtyard hotels for which sales agreements have been signed, at an inclusive price of $31.5 million.
A subsidiary of BLUE SQUARE REAL ESTATE LTD entered into an agreement to sell its building rights in Seattle, Washington, USA for $55 million.